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Natixis Leads $480M Boston Seaport Square Lending
Natixis acted as the sole lead arranger and administrative agent for a $480.8-million construction loan to Los Angeles-based Cottonwood Management to develop 3.5 acres in Boston’s Seaport Square. The project is an 819,000-square-foot mixed-use development underway that anchors the district.
The loan will finance a 717-unit residential facility, two condominium towers and one luxury rental tower. The development will also include a two-story, 125,000-square-foot retail base podium centered around a public courtyard at Seaport Boulevard and B St., which is slated to open in phases between 2019 and 2020.
The property’s residential units will feature luxury finishes including quartz countertops, stainless steel appliances, gas fireplaces, floor-to-ceiling windows and in-unit laundry, Porcelanosa cabinetry and porcelain tile. Common amenities will include a wine room, lounge, outdoor and indoor swimming pools, spa treatment room, half basketball court, innovation center, children’s playroom, pet spa and state-of-the-art lobbies.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Development
