Madison Capital Group has secured a $47,000,000 construction loan from Peachtree Group for Madison Bradenton, a 240-unit multifamily development located on the site of the former DeSoto Square Mall in Bradenton, Florida.
The project by subsidiary Madison Communities will feature five four-story buildings and two carriage homes anchored by high-end amenities. The development will include a state-of-the-art clubhouse with a demonstration kitchen, a cyber lounge, a resort-style pool with cabanas, an outdoor kitchen with grilling areas, a fitness center and a dog park.
“Madison Bradenton represents a significant investment in the future of Bradenton, providing modern living spaces and top-tier amenities,” said Ryan Hanks, CEO of Madison Capital Group. “We appreciate Peachtree Group’s investment in revitalizing this area and look forward to the positive impact it will have on the community.”
Madison Communities, an affiliate of Madison Capital Group, focuses on developing high-quality, suburban, garden-style apartment communities across the Southeast.
Bradenton is one of Florida’s best markets for entrepreneurship, with a workforce of over 1.8 million. Situated on Florida’s West Coast, the Bradenton area offers access to a consumer market of more than 8 million people. The location provides easy access to interstate and rail systems, connecting businesses to the rest of the U.S., while international airports and a deepwater seaport offer global connectivity.
Madison Bradenton marks the first ground-up development at the former DeSoto Square Mall, located on a 7.5-acre parcel southeast of a former Sears store. The Sears building, which closed in 2018, has been transformed into a state-of-the-art Go Store It self-storage facility, also developed by Madison Capital Group. This redevelopment initiative is part of a broader effort to revitalize the area, spearheaded by entities associated with Madison Capital Group.
Madison Communities is an affiliated company of Madison Capital Group, a vertically integrated real estate development and investment firm focused on building high-quality, suburban, garden-style apartment communities throughout the Southeast.
