JLL Capital Markets announced that it has arranged an $870 million construction loan for the first phase of the South Station redevelopment, which comprises a 1.2 million-square-foot, 51- story mixed-use tower that will be built at Boston'sSouth Station transportation hub. The South Station redevelopment is a world-class, 1.9 million-square-foot mixed-use project that will transform Boston's transportation hub and skyline.JLL worked on behalf of a joint venture between affiliates of Hines, APG Groep NV and Dune Real Estate Partners LP, to secure the loan with The Children's Investment Fund. Anticipated for delivery in 2024, the first phase of the project will offer approximately 660,000 rentable square feet of Class AA office and retail space as well as approximately 166 residential condominium units and more than 500 parking spaces. The faceted oval glass tower was designed by Pelli Clark Pelli Architects and will be constructed to align with the historic South Station façade and meet LEED(R) Gold standards. The office component will feature 26,000-square-foot, primarily column-free floor plates with 13' floor-to-ceiling heights and unobstructed views of downtown Boston and Boston Harbor. The residential component of the tower will offer studio, one-, two- and three-bedroom units along with penthouse duplex units. The residences will feature the finest finishes and will be accessed through a private lobby with doorman/door staff.