{"id":1004234686,"date":"2018-06-18T07:39:22","date_gmt":"2018-06-18T15:39:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004234686"},"modified":"2022-12-06T05:57:54","modified_gmt":"2022-12-06T13:57:54","slug":"boston-area-arsenal-yards-development-receives-109m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/boston-area-arsenal-yards-development-receives-109m\/","title":{"rendered":"Boston-Area Arsenal Yards Development Receives $109M"},"content":{"rendered":"<p>By Beata Lorincz<\/p>\n<p>A group of institutional investors, advised by J.P. Morgan, have invested a total of $109 million in the upcoming Arsenal Yards development in suburban Boston. <a href=\"https:\/\/www.commercialsearch.com\/news\/major-boston-area-mixed-use-project-receives-green-light\/\">Approved in 2017 by the Watertown Planning Board<\/a>, the large-scale, mixed-use project is currently under construction.<\/p>\n<p>Developed by Boylston Properties and The Wilder Cos., the first phase is slated for completion in 2019. Located in Watertown, Mass., Arsenal Yards will create more than one million square feet, including:<\/p>\n<ul>\n<li>250,000 square feet of retail and dining<\/li>\n<li>200,000 square feet of new and existing office and lab space dubbed&nbsp;YardWorks&nbsp;<\/li>\n<li>425 residences at&nbsp;Blvd &amp; Bond<\/li>\n<li>150-key Hampton by Hilton<\/li>\n<li>The Fitness Collection<\/li>\n<li>a revitalized Arsenal Park with improved access to the Charles River<\/li>\n<\/ul>\n<p>Roche Bros. and The Majestic Cinema will anchor the project&#8217;s retail component. The development also received $222 million in construction financing, with Wells Fargo Bank as the main financer.<\/p>\n<p><em>\u201cWe identified East End Watertown as having tremendous potential for growth and Boylston Properties\u2019 experience redefining the metro-Boston landscape solidifies our confidence in the investment,\u201d<\/em> said Jeremy Hopkins, vice president, Real Estate Americas, J.P. Morgan Asset Management, in prepared remarks. <em>\u201cThe area\u2019s proximity to Boston and Cambridge, coupled with Arsenal Yards\u2019 mixed-use offerings create the quintessential urban lifestyle, ultimately driving market demand.\u201d<\/em><\/p>\n<p><em>Renderings courtesy of&nbsp;Prellwitz Chilinski Associates Inc.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The project will bring more than 1 million square feet of mixed-use space to Watertown, Mass. The first phase is currently underway, with completion slated for 2019.<\/p>\n","protected":false},"author":739,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21825,21752,21742,10],"tags":[33523,40650,33223,40654,33215,40652],"class_list":["post-1004234686","post","type-post","status-publish","format-standard","hentry","category-boston","category-finance","category-mixed-use","category-latest","category-northeast","tag-arsenal-yards","tag-boylston-properties","tag-j-p-morgan-asset-management","tag-prellwitz-chilinski-associates","tag-wells-fargo-bank","tag-wilder-companies"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Boston-Area Arsenal Yards Development Receives $109M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/boston-area-arsenal-yards-development-receives-109m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boston-Area Arsenal Yards Development Receives $109M\" \/>\n<meta property=\"og:description\" content=\"The project will bring more than 1 million square feet of mixed-use space to Watertown, Mass. The first phase is currently underway, with completion slated for 2019.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/boston-area-arsenal-yards-development-receives-109m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-18T15:39:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T13:57:54+00:00\" \/>\n<meta name=\"author\" content=\"Beata Lorincz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-area-arsenal-yards-development-receives-109m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-area-arsenal-yards-development-receives-109m\\\/\"},\"author\":{\"name\":\"Beata Lorincz\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/23f841021ddf3b38ebc56abefe1d6004\"},\"headline\":\"Boston-Area Arsenal Yards Development Receives $109M\",\"datePublished\":\"2018-06-18T15:39:22+00:00\",\"dateModified\":\"2022-12-06T13:57:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/boston-area-arsenal-yards-development-receives-109m\\\/\"},\"wordCount\":225,\"keywords\":[\"Arsenal Yards\",\"Boylston Properties\",\"J.P. 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