Madison Providence Apartment Community Opens Doors to First Residents

By Andie Lowenstein, Associate Editor

Collegeville, Pa.—Madison Apartment Group LP, the multifamily operating arm of Equus Capital Partners, welcomed its first residents to its new community last week.

Madison Providence, a 240 unit Class A apartment community in Collegeville, Pa., is progressing ahead of schedule with leasing and construction. Completion of the full project is expected by the end of the year. Presenting modern apartment living in a classic suburban setting, Madison Providence is centrally situated within Providence Corporate Center.

“The pace of leasing has far surpassed expectations, clearly demonstrating the demand for upscale rental living in the area,” said Joseph F. Mullen, president of Madison Apartment Group, Equus’ multifamily operating arm. “Madison Providence offers the most sought out amenities, the latest green building specifications and immediate access to some of the region’s best shopping and entertainment and employers.”

Madison Providence has one- and two-bedroom luxury apartment homes designed to surround a central greenscape and a state-of-the-art clubhouse, which will be open in April. At 5,580 square feet, the clubhouse offers complimentary Wi-Fi and upscale features such as a business center, cardio and fitness center, billiards room and a full demonstration kitchen. Additional amenities include a resort style pool with a sundeck and a fire pit with outdoor seating and community gardens. Madison Providence is pet friendly with a community dog park, walking trails and an indoor dog washing station.

The property is located within one half mile of the intersection of Routes 422 and 29. Madison Providence brings together the best features of suburban living with easy access to shopping and dining at Providence Town Center, just across the street. The recently completed 750,000 square foot retail center includes national and regional retailers such as Wegman’s, Best Buy, ULTA, Dick’s Sporting Goods, PetSmart and LA Fitness. Dining options include P.F. Changs, Olive Garden, Panera, Starbucks, Red Robin and a Movie Tavern. Several of the area’s largest employers are within a mile of the property. Those include GlaxoSmithKline, Quest Diagnostics, Dow Chemical and Pfizer. The largest of Philadelphia’s suburban markets, The King of Prussia office market, is just 10 minutes away via the Route 422 Expressway.

The community features 12 two- and three-story buildings on a rolling 26 acre site. Each apartment home, with an average unit size of 1,104 square feet, has been comprehensively designed with features like stainless steel appliances, granite countertops, 9-foot ceilings, oversized windows, master bedroom suites, high efficiency sustainable features and private balconies and patios. Enclosed garage and storage spaces are also available for resident lease at the community.