Tishman Speyer Lands $750 Million Construction Loan Package for Harvard Project
With financing secured, construction is set to begin next week on the research campus in Boston.
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New York-based developer Tishman Speyer has secured a $750 million construction financing package, led by Otera Capital, for the first phase of a sprawling Harvard University research campus.
The first part of the Harvard Enterprise Research Campus project is a 900,000-square-foot (83,600-square-meter) mixed-used development that will include two laboratory buildings for scientific research, a 343-unit rental apartment building and a hotel, Tishman said Friday in a statement. A quarter of the new rental units included in the project’s first phase will be affordable.