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| Rendering of planned 1282 Boylston Street apartments, Fenway/Kenmore neighborhood, Boston, MA |
BOSTON, MA – HFF announced today that it has arranged a
$123.6 million construction/permanent loan for 1282 Boylston Street, a
to-be-built, 342-unit, Class A multi-housing development with ground floor
retail and below-grade parking in Boston’s Fenway/Kenmore neighborhood.
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| Bob Herron |
Working exclusively on behalf of the borrower, The Abbey Group, HFF
placed the loan with AXA Equitable through its advisor Quadrant Real Estate
Advisors.
Due
for completion in Summer 2015, 1282 Boylston Street will have metro suites,
studios, one-, two- and three-bedroom units averaging 750 square feet
each. 38 units will be designated
affordable.
Property amenities will include a fitness center, 24-hour
concierge, a 10th floor common area roofdeck with views of Fenway Park, and a
260-space parking garage.
There will also be 9,935 square feet of ground floor retail
space plus a 2,700-square-foot community space to serve neighborhood
needs. The property is located adjacent
to Fenway Park near Landmark Center, Trilogy, the MBTA’s Yawkey Way and Kenmore
stations and is within a short walking distance of Boston’s Back Bay and
Longwood Medical areas.
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| Fenway Park, Boston, MA |
The HFF team representing Abbey Group was
led by senior managing director Bob Herron and director Porter Terry.
The
Abbey Group, formed in 1968, is a Boston-based real estate development company
with a portfolio of more than 100 acquisitions and developments throughout New
England.
. For a complete
copy of the company’s news releases, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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