PGIM Real Estate Secures $132 Million Financing for Boston's Viridian Tower
July 22, 2025 - 19:55
BOSTON—PGIM Real Estate has announced it has provided $132 million in floating-rate financing to The Abbey Group to refinance The Viridian, a 342-unit Class A multifamily high-rise located in Boston’s Seaport District. This significant financial backing underscores the growing demand for high-quality residential spaces in urban areas, particularly in vibrant neighborhoods like Seaport.
The Viridian features modern amenities and is strategically positioned to cater to the needs of city dwellers, making it an attractive option for both renters and investors. The financing will enable The Abbey Group to enhance the property further and maintain its competitive edge in the bustling Boston real estate market.
As cities continue to evolve post-pandemic, multifamily developments such as The Viridian are becoming increasingly vital in addressing housing shortages. This financing initiative highlights the commitment of PGIM Real Estate to support urban development and provide quality living options in key metropolitan areas.
MORE NEWS
August 21, 2025 - 08:01
Racial Discrimination Allegations in Marin County Real Estate CaseIn a recent lawsuit filed against Marin County, a Black real estate investor claims he faced significant obstacles in obtaining permits for his floating homes after the community learned of his...
August 20, 2025 - 23:05
New Jersey Small Businesses Eligible for Grants Up to $50,000 for Real Estate ExpensesSmall businesses in New Jersey have the opportunity to apply for grants of up to $50,000 through a program administered by the New Jersey Economic Development Authority. This initiative is designed...
August 20, 2025 - 00:53
Caribbean Islands Provide Pathway to Citizenship via Real Estate InvestmentSome Caribbean Islands offer foreigners the opportunity to acquire local citizenship in exchange for real estate investments. This growing trend has attracted many individuals seeking a second...
August 19, 2025 - 06:51
Fresno County DA's Office Offers Support for Real Estate Fraud VictimsVictims of real estate fraud in Fresno County now have a dedicated resource to turn to for assistance. The District Attorney`s Office has established an investigation team specifically focused on...