Tuesday, March 29, 2022

Local Builder Supplier Blackton Awarded Project at Minto’s Latitude Margaritaville in Daytona Beach, FL

Michael 'Micky' Blackton


 Daytona Beach, FL  --  Blackton, Inc., one of Central Florida’s largest and most active suppliers of roofing and flooring materials to the homebuilding industry, recently received a contract from Minto Communities to supply the Latitude Margaritaville community in Daytona Beach, FL

 Michael “Micky” Blackton, CEO  said his company, working out of their new Holly Hill location, will provide flooring for 416 paired cottage homes by the builder-developer. 

“The team at our new Holly Hill location led by Manager Michael Walmer will provide the prompt service this community needs to accommodate the season of homebuyers that started this spring and anticipated to escalate throughout the summer.”

Blackton said flooring work valued at an estimated $3.5 million will begin immediately  at the 55+ community located at 2400 LPGA Boulevard in the heart of Daytona Beach.

Blackton, Inc., headquartered north of downtown Orlando, with branch operations in Holly Hill and Leesburg, is a family-owned operation that has been supplying the homebuilding industry from Jacksonville to Tampa for more than six decades.

Minto Communities, with more than 40 years of experience developing award-winning master-planned communities in Canada and the US, has built homes for over 30,000 families. 

Contact: :

Michael “Micky” Blackton, Chairman, Blackton Inc. 407-898-2661 Micky@Blacktoninc.com

Beth Payan, Larry Vershel Communications 407-461-3781 beth@larryvershel.com 

 

 

JLL arranges $543 million in financing for the $596.6 million 10 World Trade project in Boston’s Seaport district

 10 World Trade is located
 in the heart of Boston’s Seaport District
 and across from the city’s largest convention center
 

BOSTON, MA,  Mar. 29, 2022 JLL Capital Markets has arranged $543 million in financing for the $596.6 million 10 World Trade project, a speculative development that will offer 555,250 square feet of life sciences, office and retail space in the heart of Boston’s Seaport District.

Molly Heath

JLL worked on behalf of the borrower/developer team, led by Boston Global Investors, to secure a $382.5 million construction loan through a life insurance company lender.

JLL also arranged approx. $160 million in joint venture equity from PGIM Real Estate (“PGIM”) and Wheelock Street Capital (“WSC”) for the development.

Anthony Cutone
The JLL Capital Markets team representing the borrower was led by Managing Director Anthony Cutone and Senior Director Andrew Gray.

 JLL’s Brokerage team of Managing Director Barry Hynes, Senior Managing Director Molly Heath, Managing Director Ben Heller, Managing Director Patrick Nugent and Senior Managing Director Don Domoretsky has been retained to lease the project.

 “Over the past decade, Boston’s Seaport District has emerged as city’s premier commercial and residential neighborhood,” Cutone said.

“10 World Trade is one of the last remaining development sites and BGI’s vision for the project is truly outstanding.”

Andrew Gray

 10 World Trade began sitework in first quarter 2022 and is anticipated to be delivered in fourth quarter 2024.

Designed by the award-winning architects at Sasaki, the iconic tower will incorporate flexibility, well being, sustainability and technology, which are the new benchmarks of development in a post-pandemic world.

The “smart building ready” design allows the building to quickly adapt to a rapidly changing global environment and synthesize data to address health and safety issues within the building at all times.

 The 17-story tower will house life science and office uses on floors 3-17, while the ground floor will be home to a dramatic two-story public atrium with a 45-foot domed ceiling, a food hall, and a garden lounge surrounded by an operable glass façade.

Barry Hynes
10 World Trade will offer a best-in-class amenity package throughout the tower, including a 300-meter indoor jogging track on the top floor providing 360-degree views of the Boston skyline within a 15,000-square-foot fitness center.

 Located in the heart of Boston’s Seaport District and across from the city’s largest convention center, 10 World Trade has direct frontage along Congress St. and World Trade Center Ave. and is within walking distance of numerous local and national retailers, restaurants, hotels, luxury residential and entertainment offerings.

The transit-oriented tower also has direct access to the Massachusetts Turnpike (I-90), which provides a direct connection to Boston’s Logan International Airport as well as Interstate 93.

Ben Heller
In addition, the project is served by the MBTA Silver Line providing a quick ride into Boston’s Financial District, South Station and Logan Airport.

 JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.

 The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

Patrick Nugent 
For more news, videos and research resources on JLL, please visit our newsroom.

 About Boston Global Investors

Boston Global Investors (BGI) is a leading real estate development and consulting firm headquartered in Boston, Massachusetts. 

 Led by John B. Hynes III and a team of experienced real estate professionals, BGI has over 30 years of experience developing commercial, residential, and mixed-use projects, from landmark towers to city-scale development. 

For more information, please visit: bginvestors.com.

 

 Don Domoretsky 

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. 

JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. 

JLL is a Fortune 500 company with annual revenue of $19.4 billion in 2021, operations in over 80 countries and a global workforce more than 98,000 as of December 31, 2021. 

For further information, please visit jll.com.

 Contact: 

Kristen Murphy

 JLL Director

 Public Relations

Phone: +1 617 848 1572

Email:  Kristen.Murphy@am.jll.com