Paradise Apartments Project
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Redevelopment Updates - Updated 7/27/2010
Rehab has begun on a small number of units and these will become the model apartments for touring.
A ceremonial ground breaking is planned at the property towards the end of August. The exact date for the ground breaking for Spencer Trace Apartments will be posted as soon as plans are finalized.
There is a website for Spencer Trace under construction.
Redevelopment Updates - Updated 6/15/2010
Paradise Apartments is no longer. The new name for the property is
| Spencer Trace of Madison |
 |
MEDS started work on June 11th with the following initial tasks:
1. Performing mold remediation.
2. Cleaning the site and preparing for landscaping.
3. Stripping apartment of bad appliances, floor covering and other fixtures that will not be retained.
4. Ordered new signage
They are also beginning to advertise for tenant applications to build a waiting list.
Sale of Property
On Thursday, December 17th, The City of Madison signed the official documents selling the Paradise Apartments to Management Enterprise Development & Services, Inc. (MEDS).
The next step is for MEDS to deliver a full redevelopment plan for the property. That plan must be approved by The City and HUD, at which time rehabilitation will begin.