Gables Seaport Update 01/18/18

Waterside Place Phase 1B apartments in Seaport District secure construction financing and long-term ground lease


The next phase of the Seaport District’s Waterside Place development, which will feature 307 apartment residences and 3,500 square feet of ground-floor retail, is expected to break ground imminently following developer Gables Residential’s securing of construction financing and a long-term ground lease for the Massport owned project site. Wells Fargo Bank has provided the proponent with a $102 million construction loan, allowing construction of the $157 million project to proceed. Construction fencing has been erected around the site, located at 501 Congress Street, and initial site preparation work has begun. The 23-story Waterside Place Phase 1B tower will contain studio, one-, two- and three-bedroom residences, including 62 innovation units.

View Gables Seaport >>

Search BLDUP

Search BLDUP for news, projects, and companies to find the information that pushes your business forward.

Related News