top of page
Search

Madison hotel with chronic police calls reopens as a studio apartment building


View from a balcony shows people gathered on a green lawn with modern white building, food truck, and trees under a cloudy sky.
For years, the Super 8 motel at 4765 Hayes Road was a magnet for crime and police calls. A development team gutted the place and added all new features and amenities, creating a "naturally occurring affordable housing" option on the Far East Side. "This is a really great example of when neighbors say, 'Hey, this is what we would like,' (and) the developer comes in and produces it," said Ald. Sabrina Madison, who represents the area. JOHN HART, STATE JOURNAL

The dilapidated Super 8 on Madison’s Far East Side is no more. Gutted and reassembled over the past year, the 37-year-old former motel is days away from reopening as a low-cost studio apartment building.


Wiseman Capital of Madison wanted the building’s units to look and feel like apartments, not motel rooms. So it stripped the 4765 Hayes Road structure down to the studs.

“The studs stayed,” said Cody Wiseman, the company’s founder and CEO. “The bones are good.”


Almost everything else is new, he said. Drywall. Windows. Doors. Plumbing. Wiring. And roofing, which was replaced in brown — matching the freshly installed brown-and-white siding — instead of the old green.


A man and woman in a modern bedroom with light wood floors, a bed, table, and plants. The woman looks out a window with white curtains.
Russell and Leah Doupe explore a finished display model at the Sandburg Studios apartment community on Far East Side. The former Super 8 motel now offers 129 luxury-quality but relatively low-cost apartments built without subsidies. JOHN HART, STATE JOURNAL

Now called Sandburg Studios, the building has 129 units varying in size from 277 to 340 square feet, available starting in June for between $975 and $1,125 per month with a 12-month lease. Shorter-term and month-to-month leases are available at higher rental rates. Some of the units are furnished.


It also has laundry on every floor, a fitness center, community space, bike storage, a dog run, a dog wash station and a pool that’s expected to open this summer.


The renovation was privately funded, Wiseman said, making it “naturally occurring affordable housing” that does not require residents to fall below a certain income threshold in order to qualify.


Wiseman is seeing interest, he said, from people who work in the area, students at Madison Area Technical College or those who travel frequently and want to be close to the Dane County Regional Airport. The units are also aimed at people looking for temporary housing, such as travel nurses.


People gather outside a modern building at 4765, with trees and manicured lawns under a cloudy sky. Casual atmosphere.
The conversion of a former Super 8 motel to a studio apartment building was privately funded. Residents are not required to fall below a certain income threshold in order to qualify for the apartments, which range from $975 to $1,125 a month. JOHN HART, STATE JOURNAL

Neighbors had concerns when his team first introduced the project, Wiseman said. The motel was in “really, really rough condition, with half the units or so probably not even livable,” he said. By 2023, when Wiseman Capital came in, the property had generated more than 100 police calls annually for several years in a row.


Discussions between neighbors, the development team and Ald. Sabrina Madison, who represents the area in the 17th District, showed that people wanted the renovation to include community space and other amenities, like the bike storage, Madison said at a preview event at the property on Thursday.


“This is a really great example of when neighbors say, ‘Hey, this is what we would like,’ [and] the developer comes in and produces it,” she said.

Though converting a hotel or motel into housing is familiar territory for many developers, Wiseman said, “I haven’t seen it done like this,” with nearly every element of the building reconceived for longer-term residents. Each studio has a full kitchen and bathroom and an open living area.


Wiseman initially expected to finish the renovation about a year earlier. The most significant delay, he said, came when he asked the Wisconsin Public Service Commission for an exception to a state law requiring multifamily housing projects — but not hotels and motels — to have individual electric meters in each unit. After state regulators denied a similar request by another housing developer, Wiseman opted to install the individual meters, despite the added cost.


Man in black cap gestures to another in matching clothes, with "Wiseman Capital" text. Two more men in background, outdoors.
Converting a hotel or motel into housing is not new, but "I haven't seen it done like this," said property developer Cody Wiseman, above. Nearly every element of the building has been reconceived for longer-term residents. JOHN HART, STATE JOURNAL

“We found a way to make the numbers work,” he said.


Now, Wiseman said, he’s “seeing the vision come alive.” The property manager, Waunakee-based Patriot Properties, is giving several tours per day, and leases are being signed, he said. And he’s hearing from many prospective residents that the units, though small, are more spacious and less motel-like than they anticipated.


Modern lounge with black sofa, brown chairs, and a wall TV. Large window shows two people outside. Bright lighting, plants on table.
The lobby of the new Sandburg Studios apartment building. JOHN HART, STATE JOURNAL
Two men stand in a bright, unfurnished kitchen with white cabinets, stainless appliances. One points, suggesting a tour or discussion.
Each studio apartment in the renovated building has a full kitchen and bathroom and an open living area. JOHN HART, STATE JOURNAL
People walk down an outdoor hallway with white railings, beside glass windows. Green lawn and trees are visible outside. Overcast day.
Visitors to a community preview event for the new Sandburg Studios apartment community explore one of the rentable units at the property. JOHN HART, STATE JOURNAL
Modern kitchen sink and stove with marble countertop; three people smiling at the door, entering a bright, empty room with wood floors.
Visitors to a community preview event for the new Sandburg Studios apartment community explore one of the rentable units at the property. JOHN HART,STATE JOURNAL


 
 
 

Recent Posts

See All
What is Multifamily Syndication?

What Is Multifamily Syndication? Real estate can be a good alternative for anyone wishing to avoid the volatility of the stock market,...

 
 
 

Comentários


Ready to Invest?

Join our family of investors and start enjoying regular passive income and exceptional tax benefits on your way to building generational wealth. We are excited to share our latest investment opportunities with you. As we wish to fully comply with SEC guidelines it is necessary for us to determine your investor profile. Therefore, we invite you to fully complete the investor form below.


Once you have submitted the confidential investor form we will be in a better position to discuss opportunities that fit your investor profile. We look forward to welcoming you to our investor community.

Invester Type Required
Have you invested in real estate before? Required

Thanks for submitting!

This website is distributed for general informational and educational purposes only and is not intended to constitute legal, tax, accounting or investment advice. The information, opinions and views contained herein have not been tailored to the investment objectives of any one individual, and are not a solicitation for any particular investment.All investment strategies and investments involve risk of loss. Nothing contained in this website should be construed as investment advice or solicitation. Any reference to an investment’s past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.Any ideas or strategies discussed herein should not be undertaken by any individual without prior consultation with a financial professional for the purpose of assessing whether the ideas or strategies that are discussed are suitable to you based on your own personal financial objectives, needs and risk tolerance. Wiseman Capital, LLC expressly disclaims any liability or loss incurred by any person who acts on the information, ideas or strategies discussed herein.The information contained herein is not, and shall not constitute an offer to sell, a solicitation of an offer to buy or an offer to purchase any securities, nor should it be deemed to be an offer, or a solicitation of an offer, to purchase or sell any investment product or service. 

 

© 2022 Wiseman Capital, LLC

bottom of page