2417 Cypress Way, Madison, WI 53713
Burr Oaks Senior Apartments
Burr Oaks Senior Apartments was developed in partnership with the local housing authority and municipality to revitalize a blighted area of the south side of Madison, WI.
Horizon assisted in removing substandard apartments and replacing them with 50 units of high-quality, affordable housing for seniors. We managed a complicated entitlement process and coordinated all aspects of project development and construction, allowing the team to fast track the construction schedule (7.5 months) and guarantee the construction amount. Financing for this project included Section 8 vouchers, tax credits, HOME funds, and a bank loan.
The project included numerous upgrades at no cost to the client as well as a green roof and rooftop patio amenity for resident enjoyment. Other community amenities include a fitness center and on-site salon. The project was leased in four short months and was viewed as a tremendous success in the neighborhood.
- Horizon’s Role: Developer, General Contractor, Property Manager
- Project Type: Residential
- Client: Wells Fargo
- Architect: Dimension IV
- Year Completed: 2011
- Size: 60,000 square feet
- Units: 50
- Building Components: Wood frame over underground parking