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JLL arranges $870M construction loan for South facility redevelopment

JLL arranges $870M construction loan for South facility redevelopment

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

JLL labored on behalf of the partnership between affiliates of Hines, APG Groep NV and Dune Real Estate Partners LP, to secure the mortgage with all the youngsters’ Investment Fund.

Anticipated for delivery in 2024, the initial stage of this task will offer you 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 glass that is oval 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.

Work 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 domestic element of the tower will offer you studio, one-, two- and three-bedroom devices along side penthouse duplex units. The residences will feature the best finishes and will also be accessed through a lobby that is private doorman/door staff. Renters and residents is going to be given market-leading amenities such as for instance a metropolitan sky park with back yard; a workplace sky lobby and domestic sky lobby; meeting center; health and fitness center; landscaped terrace with outside pool and cooking and entertaining room for resident use plus an on-site restaurant. Continue reading JLL arranges $870M construction loan for South facility redevelopment