The Castle Square Tenants Organization (CSTO) and WinnDevelopment have begun work on a $40.1- million effort to modernize Eva White Apartments, a 102-unit low-income housing community for seniors and people with disabilities in Boston’s South End. The property is adjacent to the 500-unit Castle Square apartment complex.
Along with a substantial renovation of resident apartments and the creation of new amenity areas, the project entails new onsite health services and an extensive Deep Energy Retrofit.
The Boston Housing Authority designated CSTO and WinnDevelopment as joint venture developers in February 2018, but economic conditions and the pandemic delayed the project. CSTO became the 99% owner of Eva White Apartments last December after securing financing.
“With the start of work on this long-awaited effort, the relationship between CSTO and our company has reached a new level as an industry benchmark for creating true partnership between owners and residents,” said WinnDevelopment president & managing partner Larry Curtis.
JLL Capital Markets arranged a $154.25-million refinancing for Greybarn Amityville, a mixed-use residential property in Amityville, NY, owned by Rechler Equity Partners. Senior managing directors Peter Rotchford and Andrew Scandalios and director Clayton Ross arranged the financing through PCCP, LLC. “Lenders are looking closely at how a multifamily property performs today and at the owner’s...
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RioCan is shifting $235M in residential development assets toward commercial uses, a move disclosed in its third-quarter results that raises questions about plans for an approved 80-storey condominium tower on Toronto’s Mink Mile. The tower at 83–95A Bloor St. W., planned with Parallax, received zoning approval in December 2024. But RioCan’s latest financial statements identify...
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Affinius Capital LLC has originated a $226-million loan to refinance 55 Willoughby (marketed as House 55), a Class A, 295-unit, 43-story multifamily property with 3,200 square feet of ground-floor retail located in Downtown Brooklyn. The loan was made to a joint venture between Lonicera Partners and Rabina. Proceeds will bridge the property to stabilization early...
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