Madison Square gains new senior housing
After demolishing a vacant local branch of 5/3 bank, the construction of ten new residential units dedicated to senior living are near completion at 1300 Madison Avenue.
The $1.5 million Avenue Apartments will offer one- and two-bedroom units with rents starting at $400 per month to qualifying tenants. Construction is scheduled to be completed in July 2006.
The project reunites Lighthouse Communities, a nonprofit development firm, with design firm Isaac V. Norris and Associates. Their first project in the area was Madison Townhomes, completed in 2005. Vanderkodde Construction is the general contractor for the Avenue Apartments.
Source: Jeremy DeRoo, Lighthouse Communities, www.lighthousecommunities.org
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