BOSTON—PGIM Real Estate has announced it has provided $132 million in floating-rate financing to The Abbey Group to refinance The Viridian, a 342-unit Class A multifamily high-rise located in Boston’s vibrant Fenway neighborhood. The loan was issued through PGIM’s core lending strategy, with Amy Lousararian, Managing Director at JLL Capital Markets, arranging the transaction.
The financing will support the continued enhancement and long-term positioning of the luxury residential property, which has become a hallmark of upscale urban living in Boston.
“We’re excited to provide the financing to The Abbey Group for this dynamic residential project in Fenway, a neighborhood known for its energy, connectivity, and cultural significance,” said Michelle Liu, Executive Director at PGIM Real Estate, who led the transaction. “With thoughtfully designed residences, expansive amenity spaces, and direct access to world-class dining, entertainment, and transit, this property reflects the type of high-quality, well-located urban living experience we seek to back.”
The Viridian offers open floor plans, floor-to-ceiling windows, and designer kitchens equipped with Blomberg appliances. Select units feature spa-inspired bathrooms, walk-in closets, and Juliet balconies, combining modern style with comfort.
Residents enjoy premium amenities, including:
A two-story atrium with 24/7 concierge service
Two rooftop decks with panoramic city views and outdoor lounges
A state-of-the-art fitness center
Coworking and social lounges
On-site parking and ground-floor retail
Located steps from world-renowned medical centers, shopping, arts, and cultural venues, The Viridian also provides immediate access to the MBTA, Masco Shuttle, and Blue Bikes, making it a commuter-friendly hub in one of Boston’s most dynamic urban neighborhoods.
“We’re proud to have secured this new financing that will allow us to continue enhancing the property for our residents, retail tenants, and investors while positioning the asset for long-term success,” said Shane Baron, Co-CEO of The Abbey Group.
This latest financing reflects PGIM Real Estate’s ongoing commitment to supporting premier multifamily assets in high-demand urban markets. The Fenway neighborhood continues to see strong residential and retail demand, fueled by its proximity to academic, medical, and cultural institutions, as well as ongoing development and infrastructure improvements.
