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

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 very first stage of this Southern Station redevelopment, which south dakota installment loans 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 a global 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 loan utilizing the kid’s Investment Fund.

Anticipated for delivery in 2024, the initial period associated with the task will offer you about 660,000 rentable square feet of Class AA workplace and retail area because well as more or less 166 residential condominium devices and much more than 500 parking areas. The faceted glass that is oval had been created by Pelli Clark Pelli Architects and will be built to align utilizing the historic Southern facility facade and satisfy LEED ® Gold standards.

Any office component will feature 26,000-square-foot, mainly column-free flooring plates with 13′ floor-to-ceiling levels and unobstructed views of downtown Boston and Boston Harbor. The component that is residential of tower will offer 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 via a lobby that is private doorman/door staff. Read More