Monday, November 24, 2008
Foxborough development lands $10M
Boston Business Journal
VinCo Properties Inc. and Abrams Properties received $10 million in financing for the Chestnut Green Apartments. The loan was arranged by Holliday Fenoglio Fowler LP through Wells Fargo.
The loan will be used to fund construction and acquisition costs associated with redevelopment of the property in Foxborough, Mass. The apartment plan is part of the historic mixed-use redevelopment of the former Foxborough State Hospital campus.
The redevelopment will include residential, office, recreation and retail uses. Upon completion in 2009, Chestnut Green Apartments will have 55 one-and-two-bedroom units. Amenities will include a fitness center, community room, recreational fields, walking trails and on-site storage.
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