Madison Communities has successfully secured financing for their latest project, Madison Oglethorpe. This upscale garden-style multifamily development is located adjacent to the popular Oglethorpe Mall in Savannah, Georgia. The mall boasts over 100 shops and entertainment options.
The financing for this project includes a $35.5 million construction loan from United Bank and preferred equity provided by Forum Investment Group.
With 240 units, Madison Oglethorpe will offer residents a luxurious living experience with amenities such as a clubhouse with co-working space, state-of-the-art fitness center, and outdoor lounge area. The property will also feature a pool deck complete with grilling stations and fire pit.
SGA|NW is the architect for this project while BenCo Construction serves as the general contractor under Madison Capital’s affiliate company. Completion of this development is expected in late 2025.
According to Ryan Hanks of Madison Capital Group: “We have an excellent location in a thriving market where there is high demand for coastal living combined with strong employment growth.”
