Chinese Investor Joining Hines' 1.8M SF Tower Project

Pixabay

The Boston Redevelopment Authority is meeting today to certify a new equity partner for Hines' proposed South Station tower project.

The Houston-based developer received approval for a form of the project about 10 years ago, but the recession delayed things.

At the time, Tufts University was co-developer of the 1.8M SF, mixed-use air rights project, but the school withdrew in '09, the Boston Business Journal reports. Now Gemdale Properties, a Chinese real estate firm with an office in LA, wants a piece of the action. [BBJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

TPG, ACORE Raise Billions For Opportunistic CRE Funds

Newmark Cuts Earnings Outlook Despite Record Third Quarter

Battered Mortgage REIT Suspends Dividend To Preserve Cash

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

Blackstone Mortgage Trust Reports Unexpected Q3 Net Loss

'Distress Is Finally Trading': Investors Chasing Big Discounts On Boston Office

Tyko Capital Sets New Record For Florida's Largest Construction Loan

Office Recovery Moving Faster Than Expected, CoStar Finds

140-Acre Attleboro Golf Course Hits Market, Pitched For Redevelopment

How Microsoft, Coca-Cola And Amazon Are Adapting Their Offices For AI Age

Hof Wonen Acquires 251 Social Rental Houses In New Mixed-Use Project In The Hague