Smith Gilbane Announces Construction Start on Madison Yards Block Three, Advancing 199 New Residences in Madison, WI
Latest residential phase advances Smith Gilbane’s vision for Madison Yards – adding 199 units and expanding the district’s dynamic mix of living, retail, office, and hospitality. Rendering courtesy of KTGY.
Madison, WI – December 16, 2025 – Smith Gilbane, the joint venture development team comprised of Gilbane Development and Summit Smith Development, is proud to announce the construction start of Block Three at Madison Yards, marking a major milestone in the continued transformation of Madison’s Near West Side.
Block Three is the latest phase of the vibrant Madison Yards master-planned community, a dynamic mixed-use district that is redefining urban living in Madison. Smith Gilbane is redeveloping 14 acres at the Southwest corner of University Avenue and Segoe Road into a walkable, mixed-use district that boasts 500+ residential units, an upscale hotel, multiple Class-A office spaces, 400,000-SF of medical/office space, a Whole Foods Market, and retail, restaurant, and entertainment uses.
This newest development will introduce 199 thoughtfully designed market-rate residential units, 8,733 square feet of retail space, and 200 secure, temperature-controlled parking stalls. Construction began in July 2025, and the first occupants are anticipated to move in during the spring, following construction completion in March 2027.
“Block Three is a continuation of our long-term commitment to Madison Yards and the City of Madison,” said Matthew Michetti, Senior Development Director at Gilbane Development. “We’re proud to deliver another high-quality, amenity-rich residential offering that complements the broader vision for this transformative district. Madison Yards is becoming a true destination – where people can live, work, and thrive.”
About Block Three at Madison Yards
Madison Yards already features several completed and active components, including EO Madison Yards, a 273-unit apartment building; a 50,000 SF Whole Foods Market; a State of Wisconsin office building, and a growing hub of Class A office space that is attracting leading employers to the district. Additional elements in development include the Homewood Suites by Hilton, and a curated mix of retail and dining options.
Block Three will offer a diverse mix of studio, junior one-bedroom, standard one-bedroom, and two-bedroom apartments, each featuring modern finishes such as quartz countertops, stainless steel appliances, and 9-foot ceilings. Residents will enjoy a robust suite of amenities including a private courtyard, rooftop sky club and deck with views of Lake Mendota, co-working spaces, fitness and yoga areas, pet spa, sauna, and a three-season greenhouse.
Gilbane Development and Summit Smith Development remain committed to shaping Madison Yards into a premier destination for residents, businesses, and visitors alike.
Project Highlights
- 199 residential units
- 8,733 SF of ground-floor retail
- 200 structured parking stalls
- 14-acre master-planned development
- Southwest corner of University Avenue & Segoe Road
- Phase includes: residential, retail, amenities, parking
For more information about Madison Yards and leasing opportunities, visit madisonyds.com.
About Madison Yards
Madison Yards offers a uniquely vibrant quality of life, complete with a robust and inviting community for families, individuals, and urbanites of all ages throughout the region. The walkable, mixed-use district, once fully completed, will boast 540 residential units, an upscale hotel, a 50,000 SF Whole Foods Market, and up to 750,000 SF of office, medical office, retail, restaurant, and entertainment uses. To learn more, visit madisonyds.com.
About Smith Gilbane
Smith Gilbane is a joint venture comprised of developers Gilbane Development Company and Summit Smith Development.
Gilbane Development is the project development, financing, and ownership arm of Gilbane, Inc., a private holding company in its fifth generation of family ownership and management. Gilbane Development provides a full slate of real estate development and project management services. Completed projects incorporate every aspect of real estate including multifamily, mixed-use developments, affordable housing, student housing, and healthcare facilities, many of which have been delivered through public-private partnerships.
Summit Smith Development is a full service, commercial real estate development division of C.D. Smith Construction, Inc. based in Milwaukee, WI. C.D. Smith is a family-owned and operated firm headquartered in Fond du Lac, WI. Founded in 1936, C.D. Smith has grown into one of the State of Wisconsin’s largest general contracting firms with broad construction and development capabilities. Summit Smith Development, develops projects across the country, including a diverse portfolio of mixed-use, medical, and office facilities. To learn more visit summitsmith.com.