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Riverhavn Development to Bring Up to 250 Apartments and 16-Story Building to Stoughton

Strategic Insights

— 1 min read

Construction of the Riverhavn development, a project that could bring up to 250 apartments and a 16-story building to Stoughton, is set to begin in the third quarter of 2026. The Alexander Company, a Madison-based developer, plans to build 122 apartments by the third quarter of 2027 on riverfront land near South Fourth Street and East South Street. A second phase of the project, dubbed Riverhavn, would roughly double the number of apartments at the site by 2030. The Stoughton City Council approved a development agreement for the project last week, with Mayor Tim Swadley praising the plans as "thoughtful growth" that would add high-quality housing and enhance the public realm along the riverfront.

Key Takeaways:

  • The Riverhavn development, led by The Alexander Company, will include up to 250 apartments, with the first phase consisting of 122 apartments in two buildings.
  • Construction of the first phase is expected to start in the third quarter of 2026 and take approximately 14 months to complete.
  • A second phase of the project, set to begin in 2029, is expected to double the number of apartments at the site by 2030.
  • The development agreement for the project was approved by the Stoughton City Council last week.
  • The project will also include a 16-story building, although no further details on the building's purpose or amenities were provided.
  • The Riverhavn development aims to provide "high-quality housing at a range of price points" and enhance the public realm along the riverfront.

Statistics:

  • Up to 250 apartments will be included in the Riverhavn development, with the first phase consisting of 122 apartments.
  • The first phase of construction is expected to take approximately 14 months to complete, starting in the third quarter of 2026.
  • The second phase of the project is expected to begin in 2029 and will roughly double the number of apartments at the site by 2030.
  • The 16-story building, part of the second phase, will be the tallest in the development.

Sources:

  • The Wisconsin State Journal (Madison, Wis.).

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