The long-awaited Madison Park North project is now in motion.
The desolate block off North and Park Avenues once called “murder mall” because of the violence there was primed Thursday for a $100 million redevelopment by MCB Real Estate, MLR Partners and ATAPCO Properties. The team held a groundbreaking event that drew close to 150 attendees and has signed a deal with Ryan Homes to build 120 market-rate townhouses for the project’s first phase.
The three and four-story, 16-foot wide townhomes will have garages and list for between $350,000 and $400,000. They will hold between three and four bedrooms with up to three and a half baths, an MCB spokeswoman said. The entire eight acres is expected to be redeveloped by 2025.
