This is a big one.
Related Beal just closed on a $280M loan for the new Seaport life sciences project, readying them for the next phase of the project, construction.
You might wonder why we care?
One of the partners on the project, The Boston Real Estate Inclusion Fund, led by Kirk Sykes, has listed an offering on Small Change. They’ve already raised $1 million towards a $3.75 million goal for an equity stake in this project.
22 Drydock is focused on Impact with a capital I. Slated to become Boston’s first LEED Platinum and zero net carbon life science building, the developer has also achieved 50% minority participation in all aspects of the project including construction, design and ongoing operations. And ownership through the Small Change platform.
We’re excited. Take a peek at the full article here.
Image courtesy of Related Beal