Developers propose low-cost housing at former Sentry site
Developers have proposed a 70-unit, low-cost housing project for the long vacant former Sentry grocery store site on Madison’s east side, according to a story in the Wisconsin State Journal.
The $16 million proposal was submitted to the city of Madison by the nonprofit Movin’ Out and the for-profit Mirus Partners. It calls for the demolition of the former grocery building at the corner of Acewood Boulevard and Cottage Grove Road, the construction of a four-story structure with 64 housing units and a two-story building with six townhouses, and 10,000 square feet of office space.
The developers seek $2.17 million in public support from the city’s Affordable Housing Fund and another $500,000 from Dane County, and they plan to apply for federal low-income housing tax credits through the Wisconsin Housing and Economic Development Authority.
Since the store closed in 2014, the city has rejected a proposed Kwik Trip and discouraged a plan for a UW Credit Union, preferring instead to seek more housing density as part of a mixed-use development.