$87.5M Loan Secured for 170 Units on Langrange St

Financing

The construction loan for 21-story, 170-unit residential tower at 47-55 Langrange Street has officially been secured reaching $87.5M.

Nearing 170,000 square feet, this project will have 22 units that are designated as affordable.  On the ground floor, 1364 square feet of retail will be implemented.  Other amenities included a residents’ kitchen, a roof deck, a billiard’s room, and a screening room.

Fortis Property Group out of New York will be heading this project, which was pitched originally in late 2016.  Additionally, Fortis Property Group plans to construct a six-story residential addition to Fanueil Hall’s Dock Square Garage.

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Photo & Article Credit: https://www.bisnow.com/boston/news/multifamily/construction-loan-secured-for-21-story-theater-district-multifamily-project-100115 Author of Bisnow article: Cameron Sperance