MADISON, Wisconsin — A joint venture between Compass Properties and The Neutral Project has secured $73.8 million in construction financing for Bakers Place, a 206-unit mass timber luxury project in Madison. …JLL arranged the funding on behalf of both the borrower and the sponsor. The 14-story community is slated to encompass 164,707 rentable square feet, along with 8,400 square feet of retail space. Apartment interiors will feature designer fixtures and finishes, exposed mass timber and integrated technology. …A team led by The Neutral Project’s Managing Partner Nate Helbach is responsible for the development process, which focuses on sustainability. Designed by Michael Green Architecture, the project is set to achieve LEED Gold certification. …The property is located at 849 E. Washington Ave., along Madison’s Isthmus corridor, within walking distance of Wisconsin State Capitol.