U.S. Bank and Hovde West Johnson LLC have closed on a $49 million loan that will finance the construction of Ovation 309, a downtown mixed-use living center at 309 W. Johnson St.
When complete, Ovation 309 will include a 14-story apartment tower with 255 units, 9,500 square feet of retail and nearly 44,700 square feet of office space –including an office condominium for the city of Madison Fire Department’s administration.
The project is expected to open in June 2015.
The apartments will include a seventh-floor dog walk, two rooftop terraces with outdoor fireplaces, and Capitol and lake views. The top floor of the complex will serve as club space for residents’ entertainment and will be available for private parties, weddings and community events.
Original article by Bob Enkenvoort appeared in the Wisconsin State Journal. Click here to view it.