Madison Towers

The Madison Tower serves as a comfortable, rather affordable and amenity packed residential space that clearly reaches into the sky in a manner visible from all directions and angles. The location is robust for its claim to high vacancy and all that is acquired through the role of being lessee of one of these living spaces makes one feel as if they had made the right choice. It stands right on the edge of Yale's net-gothic campus, close enough to make it a quick travel to the center of the campus but far enough to where there is not a steady stream of students traveling by. It succeeds in serving as an ideal spot for living regardless what one's current situation is.

In 1958, the city of New Haven used eminent domain when it became the owner of the residential lot that was home to the University Towers. In 1961, New Haven gave all the rights to University Towers, Inc. Subsequently, twenty years after the rights were transferred, The New Haven Towers and Associations group bought the rights of the tower adjacent to Park Street and renamed it, becoming the Madison Tower in 1981. University Towers Section B, Inc. has the current claim on what has been a profitable investment for them, rarely ever having a vacancy rate deviate more than 6-7% from 100%.

Prior to the lot being redeveloped into two towers under the Oak Street Development Project, the Sunburn Maps can be observed to see it had a high concentration of multi-story, single family homes along with a Episcopalian Church and the Webster Public School. In 1958, the city of New Haven used eminent domain when it became the owner of the residential lot that was home to the University Towers. In 1961, New Haven gave all the rights to University Towers, Inc. Subsequently, twenty years after the rights were transferred, The New Haven Towers and Associations group bought the rights of the tower adjacent to Park Street and renamed it, becoming the Madison Tower in 1981. University Towers Section B, Inc. has the current claim on what has been a profitable investment for them, rarely ever having a vacancy rate deviate more than 6-7% from 100%. With the growth of the area that corresponded to the increasing density of people near Yale's campus and its location being right on the edge of downtown New Haven, the development project found it equitable and efficient to redevelop the lot into two, profound towers that would go on to serve as wonderful investments of land and capital.

Ever since the New Haven Towers and Associations claimed the Madison Tower, it has served to house those of a smaller degree of wealth or intention to spend small a smaller amount on housing. This gives reason for its large concentration of undergraduate students along with some graduate students or New Haven citizens that fall into the attraction of the building. The University Tower compliments this living situation well by attracting a higher concentration of elderly citizens along with some graduate students who are more willing and capable to pay extra expenses for a different location with very similar amenities plus a few additional perks. Residential use has always been its primary, but it has also consistently had medical offices on the first floor of the building, even to this day.

The block that houses the University and Madison Towers makes for an open lot with excess room for parking and other amenities that are simultaneous with living in the towers. As a part of the Oak Street Development Project in the 1950's, the particular lot that these towers equip is surrounded by a large, densely populated area of commercial, restaurants, residential and educational use that is right on the edge of the Dwight neighborhood and at the beginning of downtown New Haven. Sitting on the Oak Street Connector that divides the Yale Medical facilities from Yale University's primary campus, allowing it to serve as a fantastic location for any and all students looking for affordable housing that is "off campus."