Harborwalk Apartments at Plymouth Station
Barings Real Estate Finances Phase II Development of Harborwalk Apartments in Plymouth
Barings Real Estate has announced a mezzanine development loan for the development of the Harborwalk Apartments at Plymouth Station.
“We are eager to participate in Phase II, as Phase I proved our underwriting with strong leasing and market demand,” said Philip Adkins, Head of Barings U.S. Real Estate Debt Origination. “We look forward to continuing our partnership with Harborwalk’s sponsors, Cathartes and Janco Development, in this follow-on phase.”
The luxury, waterfront development features 300 apartments, a mix of 1 and 2 bedrooms. The second phase of development will include a 147-unit Class A garden-style apartment complex and 7,800 square feet of retail. Phase II will be adding to already existing 155 residential units and a suite of amenities including a fitness center, pool, outdoor BBQ area, roof deck, top floor clubhouse, and recreational equipment.