Financing from Prudential Real Estate Investors will clear the way for groundbreaking this month on Skanska USA’s 17-story luxury apartment tower in Boston’s Fenway neighborhood.

Skanska and Prudential each have invested $26 million in a joint venture for the 183,000-square-foot tower at 1350 Boylston St., the companies announced Tuesday.

Skanska USA Building has been awarded the $88 million construction management contract. Completion is expected in the fourth quarter of 2017.

Skanska obtained a $71.1 million construction loan from German commercial bank Landesbank Hessen-Thuringen on Sept. 29, according to records filed at the Suffolk County Registry of Deeds.

Apartment rents will be set around the time of completion, according to Mark McGowan, a development director for Skanska USA.

1350 Boylston joins a series of recent luxury residential and mixed-use projects built in the Fenway on former retail and industrial parcels.

Boston-based Samuels & Assoc. recently completed the Van Ness mixed-use development at 1325 Boylston St., which includes 172 luxury apartments. It held a ceremonial groundbreaking last week on The Pierce, a 30-story tower containing 109 condominiums and 240 apartments, at the corner of Boylston Street and Brookline Avenue. It’s redeveloping the Landmark Center on Park Drive with 550 residential units, offices and incubator space and retail anchored by Wegmans’ supermarket.

Another local Skanska project marked a milestone Tuesday as PwC moved into 101 Seaport, the new 440,000-square-foot office tower on Seaport Boulevard. The business consulting firm is relocating its local headquarters from Tishman Speyer’s 125 High St. in the Financial District.