The development includes 18 loft-style residential condominiums and 10,000 sf of office space and is located near Harvard Yard and both Inman and Porter Squares. According to Joe Bartolotta, spokesman for Fantini & Gorga/iCap, the office space has not been leased yet and work is just beginning on the condos.

Bartolotta also emphasizes that despite the current economic climate, arranging the financing for this project was not difficult. "There will always be financing for solid projects with solid financing, such as this one," he tells GlobeSt.com. "This is a good development. The economy would have to get seriously worse for it to be difficult to get financing for quality projects such as this one."

Fantini & Gorga/iCap Realty Advisors is an affiliate of Boston-based Eastern Bank and was formed this past August through the merger of Fantini & Gorga Incorporated with the local office of iCap Realty Advisors, a national mortgage-banking firm with offices across the country.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.