Clarion Partners Vermilion Development and Quartz Lake Capital Open The Duncan Waterfront Community in Madison Wisconsin
Clarion Partners, Vermilion Development and Quartz Lake Capital have opened The Duncan, a 309-unit multifamily community at 1625 Lock Lane in Madison, Wisconsin. Located within a federally designated Opportunity Zone, the development overlooks Lake Mendota and sits across from Tenney Park, providing direct access to waterfront recreation and proximity to downtown Madison.
The Duncan comprises a mix of studio, one-, two- and three-bedroom homes, including townhome options. Residences feature open-concept layouts and elevated finishes, with many units offering views of the Capitol Building, Tenney Park or Lake Mendota. Community amenities include a fitness center, club room, co-working space, a sky lounge with outdoor terrace, heated vehicle and bike parking, an expansive outdoor amenity area with fire pits and grilling stations, a fenced dog run and community gardens.
“The Duncan reflects our continued conviction in high-quality housing located in markets supported by strong fundamentals and enduring resident appeal, said Clarion Partners Managing Director Jason Glasser. With its idyllic waterfront setting and access to the broader Madison area, the community is well positioned to meet the needs of today s renters.”
“The Duncan represents the kind of placemaking we strive for—thoughtfully designed housing that is connected to its surroundings and enhances the resident experience, said Dave Cocagne, President/CEO of Vermilion Development. It s setting near the water, the park, and downtown Madison creates a compelling lifestyle offering, and we re proud to bring this community to market.”
Potter Lawson served as architect and McShane Construction Company was general contractor. CIBC provided project financing and Greystar will manage the property.
The Duncan illustrates a continued focus on well-located housing in high-demand markets where access to amenities, transportation and public space informs design and programming. As the multifamily sector responds to resident preferences for connectivity and outdoor amenities, developments sited in established corridors and Opportunity Zones will remain a focal point for institutional capital and local placemaking efforts.