lor lmmedlaLe 8elease: Monday, SepLember 29, 2014

lor more lnformaLlon, conLacL: !""# %&'()*+", -./01230.435

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CebhardL uevelopmenL announced Loday LhaL lL had submlLLed a proposal Lo Lhe ClLy of Madlson Lo develop Lhe
800 SouLh 8lock of LasL WashlngLon Avenue. Cn AugusL 11, 2014 Lhe ClLy of Madlson sollclLed proposals for Lhe
approxlmaLely Lwo acres of ClLy-owned land on Lhe 800 SouLh 8lock of LasL WashlngLon Avenue. roposals were
due Lo Lhe ClLy by Monday, SepLember 29
Lh
.

CebhardL uevelopmenL ls proposlng a mlxed -use developmenL of up Lo 140,000 square feeL lncludlng 423 parklng
sLalls. 1he pro[ecL would be lnclude a slLe for SLarLlng8lock Madlson, Lhe enLrepreneurlal hub where
enLrepreneurs, menLors, sLudenLs and communlLy members from dlfferenL lndusLrles can work, connecL and share
lnnovaLlve ldeas. 1he SLarLlng8lock faclllLy wlll comblne hlgh Lech company offlce space wlLh Lhe successful
makerspace of Madlson's SecLor 67, and be a place where sLarL-up companles and lndlvlduals can reslde and grow
Lo bulld upon and acceleraLe Lhelr raLe of progress.

1ogeLher wlLh SLarLlng8lock Madlson, Lhe 800 block wlll become Lhe home for 1 resenLs Madlson, an
lndependenL concerL and evenL promoLlon company, lncludlng a 1300 seaL performlng venue. Comblned wlLh
Lhese Lwo uses wlll be professlonal offlces, educaLlonal and reLall spaces.

CLLo CebhardL lll, resldenL of CebhardL uevelopmenL commenLed, We belleve Lhe besL soluLlon Lo Lhls slLe and
for Lhe ulsLrlcL ls an urban, lnLegraLed, acLlve and susLalnable pro[ecL whlch conLlnues Lhe Corrldor progress and
fully acLlvaLes Lhe sLreeL durlng Lhe day and evenlng."

1erry Slveslnd, resldenL of SLarLlng8lock Madlson, respondlng Lo Lhe proposal's submlLLal sald,
SLarLlng8lock has declded Lo focus on Lhe 800 block of LasL WashlngLon Avenue as Lhe besL alLernaLlve Lo move
our pro[ecL forward. We declded LhaL Lhe CebhardL uevelopmenL proposal provldes Lhe besL opporLunlLy for S8M
Lo be successful."

CebhardL uevelopmenL has successfully developed and redeveloped properLles ln Madlson over Lhe pasL 21 years.
lL successfully compleLed Lhe ConsLellaLlon, Lhe houslng and mlxed use Lower ln Lhe 700 norLh 8lock of LasL
WashlngLon Avenue ln AugusL 2013 and broke ground on Lhe Calaxle, a resldenLlal, reLall and grocery sLore pro[ecL
ln Lhe 800 norLh 8lock of LasL WashlngLon Avenue ln SepLember 2014.

lans for Lhe 800 SouLh pro[ecL call for flnanclng and plan approvals by !une of 2013 wlLh consLrucLlon Lo sLarL by
SepLember 2013 and be compleLed by Lhe wlnLer of 2016.

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