Skanska USA Commercial Development has obtained mortgage financing for a multifamily tower in Boston’s Fenway neighborhood.

The company obtained $71.1 million for 1350 Boylston St.

The Boston Redevelopment Authority in May approved the 17-story tower at the former Burger King site near the corner of Kilmarnock Street. The 183,000-square-foot project will include 7,050 square feet of retail space on the ground floor and 105 parking spaces.

The $102-million project will contain 215 apartments, including 25 units designated as affordable middle-income units.

Skanska obtained a $71 million mortgage from Landesbank Hessen-Thuringen, a German commercial bank, on Sept. 29, subject to the terms of a construction loan, according to filings with the Suffolk County Registry of Deeds.

ADD Inc. designed the tower, which includes a four-story portion along the eastern edge of the property.

Skanska acquired the property in 2012 for $12.45 million from The Copley Group.

The project will become the latest in a series of luxury multifamily towers developed on former industrial and retail parcels in the Fenway in recent years.

Boston-based Samuels & Assoc. is building The Pierce, a 30-story tower containing 109 condos and 240 apartments, at the corner of Boylston Street and Brookline Avenue. Samuels recently completed the Van Ness mixed-use development at 1325 Boylston St., which includes 172 luxury apartments. It’s also redeveloping the nearby Landmark Center and adding 550 residential units as part of a mixed-use project that will include Boston’s first Wegmans supermarket.

Skanska’s Fenway Apartment Tower Gets Financing

by Steve Adams time to read: 1 min
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