Madison Communities Breaks Ground on 292-Unit Apartment Development on Florida’s Space Coast

by John Nelson

ROCKLEDGE, FLA. — Madison Communities, a subsidiary of Madison Capital Group, has broken ground on Madison Grove, a 292-unit apartment community in Rockledge. Madison Grove will comprise six four-story apartment buildings and several carriage homes. Amenities will include a clubhouse, fitness center, outdoor lounge with a summer kitchen, resort-style pool and pool deck with grilling stations, recreation areas and cabanas.

Madison Grove, located on Rockledge Boulevard, will serve Florida’s Space Coast, a growing region known for its collection of aerospace, engineering and defense industries. Winter Park, Fla-based general contractor Walker & Co. will deliver the property. Madison Communities funded the project through a partnership with Marble Capital and via a construction loan from SouthState Bank.

Madison Communities recently acquired sites throughout Florida for future developments, including Bonita Springs, Ruskin, Bradenton, Orlando, St. Augustine, Palm Coast and Jacksonville. Additionally, the developer has new communities under construction in Charlotte, Asheville Charleston and Savannah.

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