East Washington Ave. income-restricted apartment development to address Madison housing crisis

As Madison grapples with an ongoing housing crisis, a new low-income apartment development will aim to provide affordable housing in the heart of the city.

Bear Development, a Kenosha-based firm with a history of constructing income-restricted housing, has unveiled plans for a seven-story, 223-unit residential building at 501 E. Washington Ave. in Madison, northeast of the Capitol, according to the City of Madison.

Bear Development is committed to creating high-quality properties that add value to the community, according to the firm’s website.

The new development will replace the longtime headquarters of the Wisconsin Manufacturers and Commerce on Washington Ave., which will relocate to 2 Buttonwood Ct., according to In Business....