I've seen the Madewell transport in-person and it's nice. The leather is good, looks and feels sturdy. I like that it can be monogrammed. The Nordstrom option is one third of the price, $48, and has great reviews. I haven't seen it in-person. Neither of the totes have 'feet' on the bottom, which keep the full bag from resting on whatever surface you put it on. I'm not sure if faux leather can be monogrammed. I suppose so. I've owned many faux leather bags and find that I don't carry them as much as real leather. I might be swayed by a special color in the Nordstrom option. I'd have to see it to be sure, though. Split decision.
The transport also comes in cabernet. Check it out on Audreybella.
Nordstrom also has another tote by Street Level. I prefer the shape of the one above. When totes run deep, horizontally like this, it starts becoming a cavern.