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 very 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 facility transportation hub. The South facility redevelopment is a global world- >Boston’s transport hub and skyline.

JLL labored on behalf of a venture that is joint 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 very first stage regarding the task offer about 660,000 rentable square feet of course AA workplace and retail room because 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 satisfy LEED ® silver standards.

Any office 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. Continue reading “JLL arranges $870M construction loan for Southern facility redevelopment”