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| Rendering of Planned 110 Broad Street Condominiums, Rose Kennedy Greenway, Financial District, Boston, MA |
BOSTON, MA –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged financing totaling $58.7
million for the development of 110 Broad
Street, a 36-unit, luxury residential condominium development to be built
along the Rose Kennedy Greenway in Boston’s Financial District.
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| Brett Paulsrud |
HFF worked on behalf of
the borrower, New Boston Ventures, to secure a $46 million fixed-rate
construction loan through East Boston Savings Bank and $12.7 million in
subordinate financing from Canyon Partners Real Estate LLC.
Boulevard on the Greenway
(Boulevard), located at 110 Broad Street, will consist of 12 stories featuring
36 for-sale residential units, 3,550 square feet of ground floor retail space
and 48 below-grade parking spaces.
Designed by award-winning architectural firm,
Finegold Alexander + Associates, Boulevard will showcase one-, two- and
three-bedroom units averaging 1,774 square feet each, with five units on the
second floor designated as Artist Live/Work Studios.
Additionally, there will
be three exclusive penthouse units on the 11th and 12th floors with an average
size of 3,941 square feet, and an exclusive residents’ lounge.
The property’s location
overlooking the Rose Kennedy Greenway places it at the nexus of Boston’s Financial
District within a block of the waterfront, walking distance of virtually all
means of public transportation, and provides residents with immediate access to
the Southeast Expressway (Interstate 93) and the Massachusetts Turnpike
(Interstate 90).
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| Rose Kennedy Greenway Park |
The HFF debt placement
team representing the borrower was led by director Brett Paulsrud.
“Boulevard is a unique
opportunity for condo dwellers to live adjacent to the most desirable stretch
of the Greenway in a newly constructed, boutique luxury building.
"Traditionally, such living along the Greenway
has only been available in larger, more dated buildings and in small
traditional walk-ups in the North End,” said Paulsrud.
“The property will combine
excellent views of the Greenway and waterfront with an unrivaled amenity
base. Boulevard will be met with
exceptional buyer demand.”
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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