Skanska sells ownership stake in Watermark Seaport luxury apartments for about $60 million
Skanska, in partnership with project co-developer Twining Properties, has announced the sale of its’ Watermark Seaport luxury apartment tower in the Seaport District to CLPF Residences at Seaport LLC. The sale of Skanska’s equity ownership in the development, 42.75%, will reportedly amount to about $60 million. The transfer of ownership of Watermark Seaport to CLPF will reportedly occur in the first quarter of 2018.
The 17-story Watermark Seaport was completed in the first quarter of 2016 and features 346 luxurious apartment residences, including 65 lofts in a six-story building adjacent to the main tower. Watermark Seaport, which is LEED Gold sustainability certified, also includes 25,000 square feet of ground-floor retail, including an 11,590-square-foot CVS Pharmacy and multiple dining options. Resident amenities at Watermark Seaport include a roof deck with views of the Financial District and Boston Harbor, a wellness studio, a resident lounge, an innovation lab and underground parking.
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