Cronin Development has completed construction financing for The St. Regis Residences, Boston at 150 Seaport Boulevard, where construction has begun for a luxury condominium tower on Boston’s waterfront. JP Morgan and Mack Real Estate are providing $294,000,000 for the project, which will be built by John Moriarty & Associates. The tower was designed by Elkus Manfredi Architects.
“This transaction allows us to take the next step to towards making The St. Regis Residences, Boston a reality,” said Jon Cronin, Principal at Cronin Development. “With the start of construction, we expect to deliver 114 exquisite homes in early 2020.
HFF represented Cronin Development in the transaction, as did the Sullivan & Worcester LLP team of Ashley Brooks, Victor Baltera, Warren Heilbronner and Joel Carpenter. Joyal Capital Management is an equity partner.
With 114 units spread over 22 stories, The St. Regis Residences, Boston feature a twisting and angular contemporary design evoking billowing sails in a nod to its nautical location. Every single residence in this architecturally significant building offers sweeping views of Boston or Boston Harbor as well as extensive access to outdoor space. The Residences will also include underground parking, a two-story signature restaurant, five-star amenities and customized services for owners.
The St. Regis Residences, Boston are not owned, developed or sold by Marriott International, Inc. or its affiliates ("Marriott"). 150 Seaport LLC uses the St. Regis marks under a license from Marriott, which has not confirmed the accuracy of any of the statements or representations made about the project.
ABOUT CRONIN DEVELOPMENT: Founded in 1995, Boston-based Cronin Development is driven by a sustained dedication to world-class design with a community-oriented outlook. With two decades of development success under the leadership of Principal Jon Cronin, the company remains entrepreneurial, disciplined, and steadfast in its mission to develop leading human experiences in residential, commercial and retail environments. For more information, visit www.cronindevelopment.com,
