Madison Area Technical College officials have picked a local company’s proposal to turn their Downtown campus building into an upscale hotel and construct a 10-story building on the rest of the block as their choice to redevelop the site just off Capitol Square.
MATC President Jack Daniels told the Wisconsin State Journal editorial board Thursday that he will recommend the college enter lease negotiations with Hovde Properties of Madison for the current site of the Downtown Education Center.
The $131 million project from Hovde and hotel developer Drury Southwest calls for adding two floors to the college’s existing building at 211 N. Carroll St. — turning the space into a 197-room hotel — and constructing a new building with offices, retail and a grocery store.
College officials chose the Hovde proposal from a field of five finalist developers, whose ideas for the prime site included plans for new hotels, apartments and a center for youth arts-oriented nonprofit groups. READ FULL STORY ON…