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 for the first period of this Southern Station redevelopment, which comprises a 1.2 million-square-foot, 51-story mixed-use tower that’ll be built at Boston’s Southern Station transport hub. The Southern facility redevelopment is 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 mortgage aided by the kids’ Investment Fund.

Anticipated for delivery in 2024, the very first stage for the task will offer you roughly 660,000 rentable square feet of course AA workplace and space that is retail well as more or less 166 residential condominium units and much more than 500 parking areas installment loans hawaii. The faceted glass that is oval ended up being created by Pelli Clark Pelli Architects and you will be built to align aided by the historic South facility facade and satisfy LEED ® silver standards.

Work 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 component that is residential of 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 you will be accessed through a lobby that is private doorman/door staff. Tenants and residents will undoubtedly be given market-leading amenities such as for instance a metropolitan sky park with back yard; an workplace sky lobby and residential sky lobby; seminar center; health and fitness center; landscaped terrace with outside pool and cooking and entertaining room for resident usage and an on-site restaurant.Continue reading