Nicholas & Associates Tapped as Contractor for Ground-Up Multifamily Development in Madison

Nicholas & Associates Tapped as Contractor for Ground-Up Multifamily Development in Madison
News| July 17, 2026| Jasmine Kilman
Chicago & Midwest + Apartment Buildings

Nicholas & Associates, the construction management and general contracting arm of the Nicholas Family of Companies, has been selected by Moyer Properties as the general contractor for Aster Flats, a 263-unit, three-building luxury rental community set on a 4.86-acre site in Madison, Wisconsin.

The ground-up development is the latest in Nicholas & Associates’ Wisconsin portfolio, further expanding the firm’s presence in the state and region. Designed by HKM Architects + Planners, Inc., Aster Flats will offer studio, one-, two- and three-bedroom units ranging in size from 588 to 1,395 square feet.

“Being selected to build Aster Flats reflects the trust and strong reputation we’ve established in southeast Wisconsin through a series of high-profile projects in recent years,” said Nick Papnicholas Jr., chief executive officer and managing director of Nicholas Family of Companies.

Nicholas & Associates will break ground in August on the new development, with construction happening in phases across the three buildings. Completion is anticipated in February 2028.

If you’re reading about the multifamily industry, you should be in the room with its leaders. Connect Apartments brings together the executives featured in Connect CRE’s coverage for an afternoon of high-level insights and unmatched networking on September 22 at The Biltmore in LA.

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