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 for the Southern facility redevelopment, which comprises a 1.2 million-square-foot, 51-story mixed-use tower which is built at Boston’s Southern Station transport hub. The Southern facility redevelopment is just 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 kids’ Investment Fund.

Anticipated for delivery in 2024, the very first phase associated with the task will offer you around 660,000 rentable square feet of Class AA workplace and installment loans online south dakota no credit check 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 had been created by Pelli Clark Pelli Architects and you will be built to align utilizing the historic Southern facility facade and fulfill LEED ® silver 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. Continue reading “JLL arranges $870M construction loan for Southern facility redevelopment”