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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 so it has arranged an $870 million construction loan for the first period associated with Southern Station redevelopment, which comprises a 1.2 million-square-foot, 51-story mixed-use tower which is built at Boston’s Southern Station transportation hub. The Southern facility redevelopment is 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 utilizing the kids’ Investment Fund.

Anticipated for delivery in 2024, the very first stage regarding the task will offer you around 660,000 rentable square feet of course AA workplace and space that is retail well as more or less 166 hawaii installment loans no credit check residential condominium devices and much more than 500 parking areas. The faceted oval cup tower ended up being designed by Pelli Clark Pelli Architects and you will be built to align with all the historic South facility facade and fulfill LEED ® Gold standards.

Work component will feature 26,000-square-foot, mainly column-free flooring dishes with 13′ floor-to-ceiling heights 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 units along side penthouse duplex devices.بیشتر بخوانید