HFF Inc. announces $341M in construction financing, JV equity for Boston condo.
HFF Inc. announces $341M in construction financing and joint venture, or JV, equity for the development of The St. Regis Residences, Boston, a waterfront condominium tower located on one of the last remaining developable waterfront parcels in downtown Boston. The HFF team worked as an exclusive advisor to the developer, Cronin Development, to secure $306.5M in construction financing. Additionally, HFF advised Cronin Development in structuring a joint venture equity partnership for $34.5M with a private equity partner. With 114 units spread over 22 stories, The St. Regis Residences, Boston features a contemporary design. Every residence in this building offers views of Boston or Boston Harbor as well as access to outdoor space. The Residences will also include underground parking, a two-story restaurant, five-star amenities and customized services for owners.
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|Date:||Oct 16, 2018|
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