HotelRed up for sale and could be converted to apartments


HotelRed up for sale and could be converted to apartments


Madison’s newest housing project would offer up sweeping views of the UW Fieldhouse, become a prime location for parties before, during and after Wisconsin Badgers football games and be situated at the bustling intersection of Monroe and Regent streets amid their shopping and dining scenes.

The building is all there but it’s in the form of HotelRed.

The owner of the 48-room property that opened in 2011 is putting the hotel up for sale. It could very well continue to be a hotel, depending on who purchases the property. But a real estate listing is also touting that it could be renovated into a building for multifamily housing.

CBRE, a commercial real estate firm, is offering tours to potential buyers on Tuesday with tours also offered on May 12 and May 14. Offers are due May 20, according to a summary of the property provided to the Wisconsin State Journal...

   ...more

Ken Notes: Sad to see this for sale, I followed the development in WDN and remember the large number of delays and redesigns. Time is money and in this case it may have taken too long. I actually like the building, rooms, lobby space and the Wise restaurant and bar. I hope and believe it will become a cool new project.

Share this article on you social outlets



Our Sponsors
- - Volume: 9 - WEEK: 19 Date: 5/5/2021 2:50:29 PM -