The Marling

Madison, Wisconsin

Active Investment

NRSF: 200,300
Land Acquisition Date: May, 2017
Total Capital: $48 million
Equity Invested: $19 million
Status: Under Construction

The Marling is a 4-story, mixed-use project with 228 multifamily units and 15,200 square feet of office/retail space situated on 3.9 acres of land. The property lies adjacent to the Yahara River along the city’s primary local thoroughfare, E. Washington Avenue, with additional frontage on Main Street, in the city’s emerging Capitol East District. The clubhouse and leasing offices will be accessed from E. Washington Avenue, which includes the commercial space that wraps the corner with the Yahara River. The property’s design maximizes the water frontage with a private courtyard and plaza that open onto the river, and provides direct access to the city’s key bike paths. The buildings step up from two stories on Main Street to three levels along the river, and four stories on E. Washington. West facing units beginning at the second floor will have direct views of the Wisconsin State Capitol building which is 1½ miles from the site via E. Washington. The Marling contains a mix of 1, 2, and 3-bedroom apartments with an average unit size of 812 square feet.

Opportunity

  • Deliver a new generation, mid-rise product, on a site that offers superior drive-by exposure on a major thoroughfare, excellent access to recreational amenities including the Yahara River and city bike paths, and walkability to nearby neighborhoods with numerous food and beverage options.
  • New build comparables for The Marling suggest strong-preleasing opportunities, with comps generally more than 50% pre-leased prior to opening

Location Highlights

  • The Marling’s ideal location in the Capitol East District, will offer residents the ability to access a host of nearby offices, restaurants, bars, and boutiques; all of which contribute to the “live, work, play” lifestyle of the property.
  • Residents will enjoy direct access to the Tenney and Yahara Place Park, and Lakes Monona and Mendota which are within ½ mile of The Marling and provide the recreational and outdoor activities that are so popular in Madison.