JLL arranges $870M construction loan for Southern facility redevelopment

JLL arranges $870M construction loan for Southern 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 Southern facility redevelopment, which comprises a 1.2 million-square-foot, 51-story mixed-use tower which is built at Boston’s Southern facility transportation hub. The South facility redevelopment is a global world- >Boston’s transport hub and skyline.

JLL labored on behalf of the joint venture 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 period associated with task offer roughly 660,000 rentable square feet of course AA workplace and space that is retail well as approximately 166 residential condominium devices and much more than 500 parking spaces. The faceted oval glass tower was created by Pelli Clark Pelli Architects and you will be constructed to align utilizing the historic Southern facility facade and fulfill LEED ® Gold 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 component that is residential of tower will offer you studio, one-, two- and three-bedroom devices along side penthouse duplex devices. The residences will feature the best finishes and will also be accessed by way of a lobby that is private doorman/door staff. Renters and residents may be given market-leading amenities such as for instance a metropolitan sky park with back yard; an office sky lobby and domestic sky lobby; meeting center; health and fitness center; landscaped terrace with outdoor pool and cooking and entertaining room for resident usage as well as an on-site restaurant. “JLL arranges $870M construction loan for Southern facility redevelopment” okumaya devam et