Jones Lang LaSalle's (JLL) capital markets group secured $384 million in financing for Panepinto Properties and AJD Construction's Harborside 8, a luxury waterfront multifamily project in Jersey City, New Jersey.
The financing includes $306 million in senior non-recourse construction financing from Kennedy Wilson (KW) and $78 million in preferred equity for the land purchase and vertical construction from Affinius Capital, JLL said Tuesday in a statement.
Construction is expected to begin in Q1 2026, with stabilization projected for Q1 2030.
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