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 period associated with the Southern facility 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 really a global world- >Boston’s transport hub and skyline.

JLL labored on behalf of the joint venture between 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 initial stage regarding the project will offer about 660,000 rentable square feet of course AA workplace and space that is retail well as approximately 166 residential condominium devices and much more than 500 parking spaces. The faceted oval cup tower ended up being created by Pelli Clark Pelli Architects and will also be built to align with all the historic Southern facility facade and satisfy LEED ® silver standards. More