.

Condominium Complex Being Built On Boston Post Road In Madison

A new condominium complex is being built on the Boston Post Road in Madison in the west end of town, near the intersection of Boston Post Road and Wildwood Avenue, approximately across from the What's Cookin' restaurant.  

The complex is being developed by Madison developer Robert Murphy, according to town officials, who said there will be about 20 units, including 6 units of affordable housing. 

Madison Town Planner David Anderson said he did not know when the units would be completed, but he said there is already "a lot of interest in the project." Anderson said it is his understanding that Debra Rowe, from William Raveis in Guilford, will be the realtor for the project. 

Anderson said the project was approved by the town several years ago, and that it will be a mix of one-bedroom and two-bedroom units. Of the affordable units, three will be one-bedroom and three will be two-bedroom units. 

The units designated as affordable will be based on criteria set out in town regulations, which follow applicable state statues, including CGS 8-30g, Anderson said. 

The criteria is based on area median income. Madison is in the New Haven-Meriden metropolitan area. The new number just released for annual median income is $73,900, Anderson said. 

"That is 100 percent," he said. "So the affordable units have to be sold to families who make a percentage of that. Three will be at 80 percent and three will be at 60 percent." 

Anderson said the specific math must follow the statute and can get a little complicated, and that it is based on variables including mortgage rates. "But the goal is that a family making 80 percent of the median income should have to spend no more than 30 percent of that income on housing costs," he said. 

Anderson said it is his understanding that the one-bedroom units will qualify for 60 percent, and the two-bedroom units will qualify at the 80 percent level. The affordable units will be spread throughout the development and will be built comparably to the other units, Anderson said. 

According to the town's building department records, this will be the fifth affordable housing district in Madison.  

Matt January 13, 2014 at 04:10 PM
Darn. I saw Boston Post Rd and I thought maybe it was a change in plans for "Madison's Newest Park".
Pem McNerney (Editor) January 13, 2014 at 04:26 PM
the birds in the west end of town must be bummed out ... still, seems like a good place for a condo complex. i think it's great we'll get more affordable housing in town.
Matt January 13, 2014 at 06:33 PM
Pem, what planet are you on??? Have you ever actually looked at what new condos deemed as "affordable" in this town go for? The word affordable is not accurate. But of course, you just take whatever babble comes from town hall and blindly support it so I shouldn't be surprised. There will be absolutely NOTHING affordable about them. Just like there was nothing affordable about all the other new condo complexes that had their required few "affordable" units.
Gus R. Horvath January 13, 2014 at 06:57 PM
Matt. What was the prices for the affordable units on New Road when that complex was built?
Pem McNerney (Editor) January 13, 2014 at 07:01 PM
um ... planet earth.
Matt January 13, 2014 at 07:42 PM
Gus, I don't recall the actual price. I remember myself and many others being quite excited when they announced a certain number would be affordable. Then they announced the price.
Jay D January 13, 2014 at 08:01 PM
Good thing this complex is not south of route 1.. We cant have those people living there
Gus R. Horvath January 13, 2014 at 08:10 PM
Matt. the four 60% income sold for between $111,014 and $135,196. the four 80% units sold for between $150,116 and $196,712.
Matt January 14, 2014 at 07:37 AM
I remember them being way more than that for some reason. The three hundreds are ringing a bell, though like I said, long time ago. If that is indeed what they went for, that is great. What is a shame then, is that the only reason anyone builds anything that a "normal working person" can afford, is because they are being forced to by the state.
Janet January 14, 2014 at 10:21 AM
Does anyone know... Are the "affordable" units assessed and taxed at the same rate as the others?
Gus R. Horvath January 14, 2014 at 11:13 AM
Matt. The "market rate units were in the $350,000 to $400,000 range. If you would like more detail look at the Assessor's records on the Town's web site. Janet. That information is on the same record. Look it up.
M. C. January 14, 2014 at 11:19 AM
Sorry...Adding Condos to a town like Madison is never a good thing...Once it starts it doesn't stop. Just take a look at Milford. A town that was very similar to Madison about 40 years ago, and look at it now...Most original Milfordites have moved out..It's a shame really. More tax dollars means more waste.
Gus R. Horvath January 14, 2014 at 11:52 AM
M.C. We moved to Madison in 1964. In 2010 at the age of 80, we downsized to an empty nester two bedroom condo in Madison. Should we have moved out of town?
Matt January 14, 2014 at 12:12 PM
I don't see it going the way of Milford. How can it?? It's not like there is any land left to build huge condo developments. It is either already built up with houses, or it is open space. Or a bird park.
Gus R. Horvath January 14, 2014 at 07:18 PM
Matt. the Town of Madison is approximately 89% built out. The past 4-5 years we have been building 15 or so houses net of demolition/replacements. Of the 23,564 acres in town 10,315 acres(44%) are open space. Commercially zoned land is 261 acres (1%). The assessed value of commercial/industrial property is $133,000,000 while property with out of town (summer?) addresses for ownership is $375,000,000. The town has approximately 700 condos whose main demand on taxes is for ambulance services.
Pem McNerney (Editor) January 14, 2014 at 08:44 PM
Gus, glad you didn't move out of town.
Matt January 14, 2014 at 10:42 PM
Gus, that exactly illustrates my point. Madison couldn't possibly become "over sprawled" with condos since there is literally almost nowhere left to build them. And lord knows, any attempt to build them would be met with strong resistance from the bird people. I'm all for building all the residential development we can on the residential space that is left in town. Be it condos or houses.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something