BXP (BXP) said Thursday it has completed the formation of a joint venture to develop 290 Coles Street, a 1.75-acre site in Jersey City, New Jersey, into a 670-unit residential project.
BXP said it and its partners will execute the approximately $400 million development through a newly formed venture with CrossHarbor Capital, Albanese Organization and its partner.
Under the terms of the agreement, BXP said it will own a 19% interest in the venture, Albanese 14%, CrossHarbor Capital the remaining 67%.
BXP will also provide $65 million in preferred equity as additional project funding, the company said.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。