JLL arranges $ construction that is 870M for South facility redevelopment
BOSTON , Jan. 24, 2020 /PRNewswire/ — JLL Capital Markets announced today so it has arranged an $870 million construction loan for the very first stage associated with Southern Station 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 facility redevelopment is really world- >Boston’s transport 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 because of the Children’s Investment Fund.
Anticipated for delivery in 2024, 1st stage associated with the task offer around 660,000 rentable square feet of course AA workplace and retail room since well as more or less 166 residential condominium units and 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 aided by the historic South facility facade and fulfill LEED ® silver standards.
Any office component will feature 26,000-square-foot, mainly column-free floor dishes with 13′ floor-to-ceiling heights and unobstructed views of downtown Boston and Boston Harbor. (more…)