Meriter Health Services WI

The $90 million mixed-use plan for a site currently owned by Meriter, called Block 51, includes 400 mixed-income housing units, 20,000 sq. ft. of retail space, 100,000 sq. ft. of office space and more than 920 parking spaces.

Investment

  • NMTC Amount: $5,000,000
  • Total Project Cost: $16,805,887

IMPACT

  • 190 FTE jobs
  • 95 construction jobs
  • 1,600,000 sq. ft. of real estate

Project Description

The $90 million mixed-use plan for a site currently owned by Meriter, called Block 51, includes 400 mixed-income housing units, 20,000 sq. ft. of retail space, 100,000 sq. ft. of office space and more than 920 parking spaces. The project set aside 20 percent of the units for families with incomes between $25,000 and $50,000, which is considered an accomplishment due to the high-cost of development in the downtown area.

MAP

Address: 780 Regent Street, Madison, WI 53715

Census Tract: 55025001606

PDF Profile

Other Wisconsin Projects

Rehabilitation of office buildings in West Allis, WI.
NMTC financing supported the SuperSteel project.
Working capital and tenant improvements for Jonco industries related to its expansion into the former Eaton building.

The 131,144 gross sq. ft. (119,350 net) consists of a non-profit café, office space leased by the local economic development corporation, a light manufacturing tenant, workforce training facility and maker