Citizens Bank has provided a construction loan to developer Roseland to build a 237-unit apartment complex in Worcester.

The $41.5 million loan will fund the first phase of the development, located on 4 acres at the intersection of Front and Foster streets.

This first phase of the project will include 237 residential apartments. There will be approximately 12,000 square feet of indoor amenity space, as well as a courtyard with a swimming pool, fire pit, BBQ grills and dog run.

At full build-out, the entire project is expected to include two four- and five-story residential buildings with a total of 365 units, 402 parking spaces and approximately 11,200 square feet of street-level retail.

The project is part of a 12-acre master plan that will include a 150-room hotel (currently under construction), a recently completed 65,000-square-foot medical facility, a recently completed 214,000-square-foot office tower occupied by Unum Insurance, as well as future parking garages, office space and street-level retail.

Roseland is a wholly owned subsidiary of Mack-Cali Realty L.P.