Sovereign finances Waterplace mixed-use project

Construction of the two residential towers at the Waterplace mixed-use development in Capital Center is on schedule, according to a spokeswoman for the developer, Intercontinential Real Estate, which recently secured construction financing from Sovereign Bank. /
Construction of the two residential towers at the Waterplace mixed-use development in Capital Center is on schedule, according to a spokeswoman for the developer, Intercontinential Real Estate, which recently secured construction financing from Sovereign Bank. /
BOSTON – Intercontinental Real Estate Corp. says it has secured construction financing Waterplace, its luxury mixed-use complex in Providence’s Capital District, for which the company broke ground in May 2005. Sovereign Bank provided the financing directly to Intercontinental Fund IV Waterplace LLC, a single-asset entity of Intercontinental Real Estate Investment Fund IV LLC; it provides…

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