The project will consist of a 135,000-sf, 14-story building with 96 luxury condominiums on the edge of the new "Rose Kennedy Greenway" which has emerged with the completion of the Big Dig, the city's massive highway project. The development is scheduled to begin construction next month and will feature 118 underground parking spaces and 5,500 sf of ground floor retail. The condominiums will range in price from $350,000 to $2 million.
"80 Broad St. is market making in terms of capital structure and producttype for Boston," says Martin O. Kamm, a principal of Spaulding & Slye Colliers and managing director of the firm's Structured Finance Group. "When complete, 80 Broad will be a true franchise asset."
Broad Franklin Development Trust has partnered with private investors Real Estate Capital Partners and HSH Nordbank, a German-based lender, and development manager Spaulding & Slye Colliers to develop this project. CBT is the architect.
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