Vision for Triangle development unveiled

The city of Madison has presented its nearly $200 million plan to fully redevelop the Triangle area of downtown, according to a Wisconsin State Journal report. The vision for the housing project for low-income residents adds many units and replaces five high-rise residential buildings on the 26-acre parcel between South Park and Regent streets and West Washington Avenue. The plan comes after extensive outreach to residents for input. The draft plan increases the number of units from 340 to 1,200 in multiple structures ranging from three to 12 stories. The project could begin as soon as late 2024 and take nearly a decade to complete in phases. The developer chosen for the project is New Year Investments, a woman-owned Madison company.

Related story: Ella Apartments developer chosen for Triangle project