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JLL arranges $ construction that is 870M for Southern facility redevelopment

Posted by Rwaq on 11/03/2020
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JLL arranges $ construction that is 870M for Southern facility redevelopment

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

JLL worked on behalf of a jv between affiliates of Hines, APG Groep NV and Dune Real Estate Partners LP, to secure the mortgage with all the kids’ Investment Fund.

Anticipated for delivery in 2024, the initial stage associated with the task will offer you roughly 660,000 rentable square feet of Class AA workplace and space that is retail well as more or less 166 residential condominium units and much more than 500 parking areas. The faceted oval cup tower ended up being created by Pelli Clark Pelli Architects and will also be built 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 residential part 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 will also be accessed by way of a lobby that is private doorman/door staff. Tenants and residents is supposed to be provided with market-leading amenities such as for instance an urban sky park with back yard; a workplace sky lobby and domestic sky lobby; seminar center; health club; landscaped terrace with outside pool and cooking and entertaining room for resident usage and an on-site restaurant. Continue Reading

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