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| 70 Kennedy Plaza, Downtown Providence, RI |
Boston, MA -- EagleBridge Capital, working exclusively on
behalf of its client, has arranged construction/permanent mortgage financing in
the amount of $2,437,500 for 70
Kennedy Plaza located in the heart
of Downtown Providence, Rhode Island.
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| Ted M. Sidel |
The mortgage financing was arranged by EagleBridge
principals Ted M. Sidel and Brian D. Sheehan who said that the
loan was provided by a leading Massachusetts financial institution.
70 Kennedy Plaza is a recently renovated six story
retail/apartment building. The street level and basement are leased to CVS
which has been a long term tenant at this location. The upper five stories will contain seventeen spacious
apartments of which ten have been completed and seven units are to be built
out.
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| Brian D. Sheehan |
The apartments offer premium contemporary finishes with
kitchens featuring the latest appliances, modern cabinetry, and ample storage
space. The master bath has large
walk-in showers with double shower heads.
Each unit has its own washer/dryer. There is a private
street level apartment entry foyer with an elevator which is security keyed for
each unit, and each unit is equipped with video security monitors.
70 Kennedy Plaza was originally the home of Peoples Savings
Bank. Designed by Cram and Ferguson, it
was the first building in Downtown Providence influenced by the international
style of Modernist architecture.
EagleBridge Capital is a Boston-based mortgage banking firm
specializing in arranging debt and equity financing as well as joint ventures
for industrial, office, and r & d buildings, shopping centers, apartments, hotels, condominiums and mixed use
properties as well as special purpose buildings.
For a complete copy of the company’s news release, please
contact:
Stanley J. Sidel
Senior Advisor
EagleBridge Capital
33 Broad Street
Boston, MA 02109
Tel: 617-292-7177 Ext.
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