Black-owned Developer Gets Nod for $41 Million South Madison Project
Saturday, November 16, 2019
November 16, 2019 - From Madison365
City of Madison staff has recommended that Milwaukee-based Rule Enterprises, owned by developer and entrepreneur Brandon Rule, be awarded the contract to develop a city-owned lot on South Park Street into a 30,000-square-foot grocery store, 150-unit apartment building and 345-space parking garage.
The recommendation contains the contingency that Rule secure a commitment from a grocery store by January 16.
Rule’s proposal beat out proposals from Baehr Inc, Valeo and McShane Construction, Gorman & Company, and Welton Enterprises.
Rule is a community developer who has developed several affordable housing and mixed-use projects in Milwaukee. This is his first project in Madison, though he is no stranger to the capital city, having previously worked for Forward Community Investments from 2014-2016.
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