Winthrop Center Residences Secure New England’s Largest C-PACE Financing

Why it matters

This is a notable private financing transaction using C-PACE, the largest in New England, but it represents routine capital raising activity within a niche green financing program without broad market or systemic impact.

Sources

• Connect CRE

  Winthrop Center Residences Secure New England’s Largest C-PACE Financing

  MassDevelopment, Nuveen Green Capital and Millennium Partners announced $281 million in private financing for the Millennium Residences at Winthrop Center at 115 Federal St. in downtown Boston under the state’s Property Assessed Clean Energy (PACE) Massachusetts program. This…

• Commercial Observer

  Nuveen Green Capital Closes $281M C-PACE Loan for Boston Condos

  The steady climb of commercial property assessed clean energy (C-PACE) financing around the U.S. has made its way to one of Boston’s tallest buildings. Millennium Partners has secured a $281 million C-PACE loan to implement energy efficiency upgrades at the 62-story Winthrop…