HFF Arranges $191 Million Construction Loan for The Van Ness

by Nate Hunter

Boston — The Van Ness will feature a three-story, 169,000-square-foot Target.

Boston — A joint venture between Samuels & Associates and institutional clients advised by J.P. Morgan Asset Management has received $191 million in construction financing for The Van Ness, a 762,000-square-foot mixed-use project in Boston’s Fenway Triangle neighborhood.The development will include 172 residential units atop a three-story, 169,000-square-foot Target. The project will also feature 31,000 square feet of ground-floor retail and an 11-story, 233,000-square-foot office tower. Greg LaBine of HFF secured the long-term, fixed-rate financing through Northwestern Mutual.

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