Published: February 1, 2012
Tags: Bob Zoelle, Deer Creek Village, Focus on multiunit, Foresthill Highlands Senior Apartments, Heritage New Berlin, Horizon Development Group, Jacob Klein, MSP Real Estate, Phil Schultz, United Financial Group
As one project fell to the wayside this month, two others within a 10-mile radius are forging ahead in the once-promising senior housing rental market.
By Paul Snyder A Madison property owner is considering suing the city to increase its offer for her Burr Oaks neighborhood apartment building. The city is offering Nedra Bobo $252,000. She wants $280,000. “In the end, all we’re asking for is our assessed value,” she said. “We have two years to appeal the offer, and [...]
By Paul Snyder Regret over how Madison treated four property owners is fueling a proposal to help them after the city demolishes their apartment buildings to make way for senior housing. “These properties were their long-term investments,” said Stuart Levitan, a member of Madison’s Community Development Authority. “What we’re doing interrupts their long-term life and [...]
By Paul Snyder Madison’s leaders are dickering over the purchase prices of seven apartment buildings on the city’s south side, but those efforts to get the taxpayers a bargain may end up backfiring. “It’s very possible we would take this to court,” said David Hammonds, owner of one of the buildings the city’s Community Development [...]