Innovative Housing Project to Elevate the Student Experience with Cutting-Edge Amenities and Unparalleled Access
MADISON, WI – The University of Wisconsin-Madison is set to redefine student living as Mortenson Development, Inc. (“Mortenson”), Northwestern Mutual Real Estate (“NMRE”) and PeakMade Real Estate (“Peak”) break ground on Theory Madison, an extraordinary student housing community located at the heart of campus life. This transformative project promises to set a new standard for comfort, convenience, and community for Badgers.
Nestled at the iconic intersection of State Street and Lake Street, just steps from UW-Madison, Theory Madison boasts a prime location offering breathtaking views of the Wisconsin State Capitol, Madison’s vibrant downtown, and surrounding lakes. This 12-story tower will feature 213 state-of-the-art units with 717 beds, combining modern design with functionality to meet the evolving needs of students.
A New Era in Student Living
Theory Madison is designed to enrich the academic and social experiences of its residents with thoughtfully curated amenities. These include:
- Expansive rooftop decks for relaxation and social gatherings.
- A 24-hour fitness center to support healthy lifestyles.
- Dedicated study rooms and a podcast room for academic and creative pursuits.
- A pet spa for students with furry companions.
- A vibrant ground-floor clubroom, perfect for community engagement.
Inside the apartments, students will find top-tier finishes such as quartz countertops, hardwood-style flooring, upgraded lighting and cabinetry, and stainless-steel appliances, creating a welcoming and sophisticated home away from home.
Commitment to Sustainability and Accessibility
Theory Madison will achieve LEED Silver certification, showcasing its eco-friendly design and construction. In partnership with the University of Wisconsin Department of Financial Aid, the project also prioritizes accessibility by offering affordably priced beds for qualified students, ensuring inclusivity and opportunity for all.
A Collaborative Vision
This dynamic public-private partnership between Mortenson, NMRE, Peak, and the City of Madison reflects a shared vision for a sustainable, student-focused future.
“Theory Madison will transform student living at UW-Madison, offering an unparalleled blend of location, design, and amenities to foster academic success and personal growth,” said Nate Gundrum, Vice President at Mortenson Development. “This project exemplifies the power of collaboration in achieving community priorities like sustainability, affordability, and economic vitality.”
“Northwestern Mutual is extremely excited to partner with Mortenson and Peak on this journey to provide a best-in-class building for the students at UW-Madison,” said Tom Zale, Vice-President of NMRE.
“This is more than a building—it’s a flagship development for an exceptional institution,” added Jeff Githens, President of Development for PeakMade Real Estate. “We are thrilled to partner with Mortenson to deliver an unmatched living experience for students at UW-Madison.”
Opening Fall 2026
Scheduled for completion in Fall 2026, Theory Madison represents a bold step forward in creating a vibrant, student-centered community that reflects the excellence and innovation synonymous with UW-Madison.
For more information, visit [insert website link].
About Mortenson
Mortenson is a U.S.-based, top-25 builder, developer, and engineering services provider serving the commercial, institutional, and energy sectors. Mortenson’s expanding portfolio of integrated services helps its customers move their strategies forward, ensuring their investments result in high-performing assets. The result is a turnkey partner, fully invested in the business success of its customers.
Mortenson has operations across the U.S. with offices in Chicago, Denver, Fargo, Iowa City, Milwaukee, Minneapolis, Nashville, Phoenix, Portland, Salt Lake City, San Antonio, Seattle, and Washington, D.C. For additional information, visit www.mortenson.com.
About Northwestern Mutual
Northwestern Mutual has been helping people and businesses achieve financial security for more than 165 years. Through a comprehensive planning approach, Northwestern Mutual combines the expertise of its financial professionals with a personalized digital experience and industry-leading products to help its clients plan for what’s most important. With over $627 billion of total assets1 being managed across the company’s institutional portfolio as well as retail investment client portfolios, more than $36 billion in revenues, and $2.3 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than five million people with life, disability income and long-term care insurance, annuities, and brokerage and advisory services. Northwestern Mutual ranked 110 on the 2024 FORTUNE 500 and was recognized by FORTUNE® as one of the “World’s Most Admired” life insurance companies in 2024.
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries. Subsidiaries include Northwestern Mutual Investment Services, LLC (NMIS) (investment brokerage services), broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company® (NMWMC) (investment advisory and services), federal savings bank; and Northwestern Long Term Care Insurance Company (NLTC) (long-term care insurance).
1Includes investments and separate account assets of Northwestern Mutual as well as retail investment client assets held or managed by Northwestern Mutual.
About PeakMade Real Estate
PeakMade Real Estate, based in Atlanta, GA, is a diversified real estate services company, offering development, property management and consulting services for conventional multifamily and student apartments. PeakMade Real Estate was built to execute on strategies consistent with the goals and long-term investment strategies of its partners. When something is PeakMade, it’s not only built upon expertise and experience, it’s built upon a foundation of community. For more information on PeakMade Real Estate, visit www.peakmade.com.