Ovation 309 Reaches Stabilization, Wins Building of the Year
Ovation 309, a luxury residential high rise located in the heart of downtown Madison and managed by Siegel-Gallagher Management Company has reached stabilization after a mere three months of opening their doors. The building success in addition to its superior design and amenities has won Ovation 309 the esteemed award of Building of the Year, presented by the Building Owners and Managers Association (BOMA).
Leasing efforts began in August of 2014. As of its Grand Opening on June 1st, 2015, Ovation 309 doubled the original leasing projections, and has already reached 96% occupancy, an extraordinary feat given the competitive location. The building achieved occupancy on schedule and moved-in a record breaking 100+ units in the first month. Due to being ahead of scheduled occupancy, the budget goals have been far under original projections. A superior management and leasing staff, unparalleled amenities, outstanding services have all played a part in the property’s success. Our on-site staff was chosen based on the performance of each individual’s strengths. The entire staff has been trained in several Fair-Housing, Leasing, and Marketing courses. The staff continues to aim for excellence by providing continual education to all employees and offering various incentives for reaching goals.
What truly sets Ovation 309 apart are the spectacular indoor and outdoor community spaces. The 7th floor Veranda offers plenty of space to entertain guests, grill out on one of four gas grills, or relax by one of the fire pits. The 7th floor club room offers a caffeine bar for on-the-go residents and a meeting space for those working at home, with common spaces featuring complimentary resident WIFI. The 13th floor Skyclub with floor-to-ceiling windows and a wrap-around terrace offers breathtaking, 360-degree views of downtown Madison, Lake Mendota, Monona Bay and the Capitol. This fantastic space has plenty of room for residents to relax by one of the many fire places, enjoy a cocktail from a personal wine locker, layout on the sun deck in a chaise lounge, play a game of shuffleboard, or watch the sun set over Lake Mendota. Ovation 309’s 20-foot bar and catering kitchen opens up for resident social engagements, like a recent wine/beer/cheese tasting and an upcoming Hawaiian-themed luau. Ovation 309 will maintain a dynamic social event calendar for its residents to foster a sense of community and neighborhood within the building.
For more information on amenities and availability at Ovation 309, please visit the property’s website at www.ovation309.com. For more information on other luxury properties managed by Siegel-Gallagher Management Company, please visit www.siegelgallagher.com.