St. Regis Residences
Investment Type: Construction Completion
Property Description: Mixed-Use / Condominium Development
Loan Amount: $345MM
Madison originated a $345MM first mortgage loan for the construction completion of a 22-story, ultra-luxury residential condominium development consisting of 114 St. Regis-branded units and 10,211 square feet of retail space located at 150 Seaport Boulevard in Boston, MA.
Designed by world-renowned architect Elkus Manfredi, the Property offers a collection of residences in the market with irreplaceable, waterfront views. A majority of the units will have a walk-out or Juliet balcony. The Property is curated with a full range of amenities including a fitness and wellness center with a spa, a bistro-style restaurant with waterfront dining, tenant lounge and tranquil pool overlooking the harbor, and two guest suites.
Madison sourced the deal through a direct relationship with a broker prior to it being widely marketed.
Strong representation of Madison’s ability to close complex transactions on an expedited timeframe and offer low-cost transitional financing options for institutional borrowers.