A local development group is hoping to turn multiple properties it owns on and around the 500 block of State Street into a multi-purpose high rise, according to the Wisconsin State Journal.
Mullins Group, working with developers Core Campus of Chicago, proposed tearing down the University Inn hotel, located at 529 State St., as well as a four-unit residence, located at 431 N. Frances St., to make room for a new 12-story construction project, the Journal said.
The building would stand between one and four stories tall on state street and increase to the full 12 stories as it moves closer to University Avenue, and would include between 200 and 300 upscale apartments geared toward students, according to the Journal. The plan also includes commercial space and 150-200 above ground parking spaces.
The Journal article reports a positive reaction from city officials, including Mayor Paul Soglin. Developers will present the proposal to the community April 29 before moving forward in the city permitting process.
