Affordable Property Opens in Southern WI

Royal Capital Group owns the 94-unit community in Madison. UnitedHealthcare and WHEDA invested a combined $16.4 million in the six-building project.
Harmony @Grandview Commons
Harmony @Grandview Commons

Developer Royal Capital Group has opened Harmony @Grandview Commons, a 94-unit affordable housing property in Madison, Wis. Funded through a public-private partnership that includes $11 million from the Wisconsin Housing & Economic Development Authority and $5.4 million from UnitedHealthcare, the new development is dedicated to working families in the region.

Located at 116 Milky Way in the Grandview Commons neighborhood, the property is proximate to the junction between interstates 90 and 94. Milwaukee is within a 2-hour drive of the six-building property. According to Yardi Matrix data, the community features 28 two- and 66 three-bedroom units, ranging from 885 to 1,455 square feet. The six two-story structures span across 5 acres. Amenities include a fitness center, community room, business center, computer lab and meeting space, playground, picnic area with grills and private garages. The property was initially dubbed The Flats at Grandview Commons.

Engberg Anderson was the architect of Harmony @Grandview Commons and Horizon Construction was the general contractor. ACC Management Group will manage and coordinate on-site support services such as health and nutrition classes, financial training and after-school activities.

UnitedHealthcare provided equity funding through a partnership with Cinnaire and Minnesota Equity Fund. The affordable housing private investor is also part of the Seven04 Place project in Milwaukee’s Walker’s Point neighborhood.

Image via Google Street View