Assignment
Trimont was engaged on multiple assignments by two European-based lenders to provide construction loan and condo administration on $175 million of senior loans.
Asset
500 Atlantic Avenue is a 20-story InterContinental-branded hotel and condominium complex with 424 guestrooms and 130 units in Boston, MA. The building sits on a premiere site between The Rose Kennedy Greenway and Fort Point Channel a short distance from the Quincy Market, Beacon Hill, and the Financial District. Built in 2006 on the former location of a Boston Edison electrical substation, the project is credited with revitalizing Boston’s Waterfront District. The gentle curves of the reflective, glass-wrapped towers have established the building as a contemporary landmark on Boston Harbor.
Insights
- Ships inspired the shape of the blue-glass wings and graceful, curved lines of the building.
- The building contains a hidden cluster of 237 foot ventilation shafts that are part of the famed Big Dig project.