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PROPERTY MATTERS: Sears apt. plan moving forward, River Street warehouse rehab planned, SCAD film studio update and former railroad terminal condemned

Article published: April 25, 2023 by Eric Curl, Savannah Agenda Founder

Madison Capital was recently featured on Connect Savannah in Eric Curl’s popular local column “Property Matters.” Click here to read the full article.



Madison Capital Group is moving forward with plans to demolish the vacant Sears on the Oglethorpe Mall’s west end and construct a 240-unit apartment complex on the site. The company submitted a building permit application for the project this month, more than a year after the Savannah City Council approved the company’s petition to rezone the property from commercial to multi-family residential in February 2022.

The company is now looking to start construction in the next 30 to 60 days, Executive Managing Director Ross Rabun said Friday.


About Madison Capital, LLC

Madison Capital Group is a vertically integrated real estate investment firm that owns, operates, acquires and develops suburban multifamily properties and self storage facilities. Madison is active in 13 states and is focused on expanding its footprint throughout the Sunbelt. Currently, Madison has over 2,000 apartment units under development or in planning and owns more than 60 self storage assets under the Go Store It banner.

Click here for more information on Madison.