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JLL arranges $870M construction loan for Southern facility redevelopment

Март 11, 2020

BOSTON , Jan. 24, 2020 /PRNewswire/ — JLL Capital Markets announced today so it has arranged an $870 million construction loan for the very first period associated with South Station redevelopment, which comprises a 1.2 million-square-foot, 51-story mixed-use tower which is built at Boston’s Southern facility transport hub. The Southern facility redevelopment is a global world- >Boston’s transport hub and skyline.

JLL labored on behalf of the venture that is joint affiliates of Hines, APG Groep NV and Dune Real Estate Partners LP, to secure the mortgage aided by the kids’ Investment Fund.

Anticipated for delivery in 2024, the very first period associated with the task offer about 660,000 rentable square feet of course AA workplace and space that is retail well as more or less 166 residential condominium devices and much more than 500 parking areas. The faceted oval cup tower ended up being created by Pelli Clark Pelli Architects and you will be built to align using the historic Southern facility facade and fulfill LEED ® silver standards.

Any office component will feature 26,000-square-foot, mainly column-free flooring dishes with 13′ floor-to-ceiling levels and unobstructed views of downtown Boston and Boston Harbor. The installment loan consolidation hawaii residential element of the tower will offer you studio, one-, two- and three-bedroom devices along side penthouse duplex devices. The residences will feature the best possible finishes and you will be accessed by way of a lobby that is private doorman/door staff. (далее…)