McShane Construction Company was selected by Vermilion Development to build Lock Lane Apartments, a 309-unit multi-family community in Madison, Wisconsin.
“We are proud to partner with Vermilion on this exciting project,” commented Alison Gorham, Vice President at McShane. “Located next to a large public park, river boat launch, and Lake Mendota with easy access to downtown Madison, Lock Lane Apartments will offer a great balance between outdoor connection and modern, downtown living.”
Located on an 8.5-acre site adjacent to Tenney Park, the development will integrate two five-story podium-style buildings with a total of 289 units and three two-story townhome buildings with 20 units. The podium buildings will feature four levels of wood framing atop a two-level precast parking garage. The buildings’ facades will incorporate an attractive mix of lap siding and brick.
Residents will enjoy balconies, quartz countertops, in-unit washer/dryers, and spacious closets. Many units will offer lake, park, or river views.
Amenities will include large green roof amenity areas on the podium buildings, fitness centers, 5th floor club rooms and common balconies, co-working office spaces, conference rooms, and heated vehicle and bike parking. Additionally, the site will offer a fenced dog run, community gardens, and access to both the lake and riverfront.
The project was designed in compliance with several Focus on Energy initiatives.
“In this difficult capital raising environment, Vermilion is delighted to partner with Quartz Lake Capital and Clarion Partners to finance this project and bring much needed new, high-quality housing to the Madison area,” said Dave Cocagne, Vermilion’s CEO. “We appreciate the tenacity of JLL to source the equity capital for the project. We’re also pleased to continue our long-standing relationship with CIBC, which will be providing construction financing for the project.”
Potter Lawson is providing architectural services for Lock Lane Apartments.