The Archer Residences
Update
02/07/18
$160 million construction financing secured for The Archer Residences luxury condominiums on Beacon Hill
The Archer Residences, an upcoming luxury condominium building located on Beacon Hill at 33-61 Temple Street, has secured $160 million in construction financing, allowing the project to proceed. Financing has been provided by a joint venture of GTIS Partners, Golden Tree Asset Management and The Union Labor Life Company. “We were attracted to this investment principally because The Archer Residences Beacon Hill is destined to become a much sought-after development in one of Boston’s most elite areas,” said Herb Kolben, Senior Vice President of Union Labor Life's Real Estate Investment Group, in a prepared statement. “There’s nothing else comparable to it in the neighborhood.”
The Archer Residences is Beacon Hill’s largest luxury condominium development currently under construction. Developed by Center Court Partners, the building will feature 70 residences anticipated to be available for sale by the end of this month. Amenities at The Archer Residences will include on-site parking, concierge service, a fitness center, a kids room and a common roof deck.