Twining Properties Closes $70 Million in Financing on Watermark Court Square in Long Island City with Principal Investors, Santander Bank & CBD and Arranged by Cushman & Wakefield

Watermark Court Square developed by Twining Properties with partner CBD closed on its financing today with Principal Real Estate Investors and Santander Bank. Watermark Court Square at 27-19 44th Drive overlooks the Citicorp Tower Park in LIC with dramatic Manhattan skyline views. Cushman & Wakefield arranged the construction loan and joint venture equity.

Watermark Court Square will be 27 stories with168 apartments with all of the conveniences of the city within reach. The building is served by seven subway lines with 15 minute access time to midtown Manhattan. Shopping, dining and cultural activities are a short stroll away on Vernon and Jackson Avenues. Designed by Handel Architects, the building started construction in June 2015, and apartments will deliver in fall 2017.

Twining Properties is bringing its Watermark Brand Apartments to NYC. Hatched at the Cambridge Innovation Center in Kendall Square across from MIT, the Watermark brand brings leading edge thinking to modern living. In Kendall Square Cambridge there are 465 apartments in two towers above a full-service fitness center and six restaurants with outdoor dining, a sky deck and large second floor garden terrace all overlooking the Charles River and a boat landing. Watermark Kendall brought the first FIOS to apartment living in the U.S., was the first LEED EB apartment building in the country and provided curated artwork throughout the building from the DeCordova Museum. Principal Real Estate Investors was the capital partner for both towers. Watermark Seaport in Boston is now renting 346 apartments with exceptional amenities including a rooftop terrace overlooking the Boston Harbor and Downtown Boston.