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Condo Tower Gets $294M Construction Loan

JP Morgan and Mack Real Estate have provided a $294 million construction loan for Cronin Development’s St. Regis Residences at 150 Seaport Boulevard in Boston.

The 114-unit condominium tower broke ground this month and is scheduled for completion in early 2020; it will replace the former Atlantic Beer Garden and Whiskey Priest restaurants.

HFF and Sullivan & Worcester represented the developer in the financing package. Joyal Capital Management is Cronin Development’s equity partner and John Moriarty & Assoc. is the construction manager.

B&T Daily