Toll Brothers, PGIM Land $226M Loan for 34-Story Boston Apartment Project

Toll Brothers has secured financing to build a 34-story apartment tower in Downtown Boston, its first development in the city. The developer is partnering with PGIM Real Estate, and the joint venture obtained a $226M construction financing package from Wells Fargo, BNY Mellon, and The Bank of East Asia for the project. Branded as Lyra, the project is planned to have 432 units and 5,500 SF of retail at the intersection of Huntington and Massachusetts avenues, near Boston’s Back Bay and South End neighborhoods… Read More