The construction of THE MAREK at Lebanon, a 250-unit Class A multifamily community has received $79.7 million. This comes in the form of a joint venture equity and senior secured construction finance thanks to Colliers Capital Markets.
The general contractor is DEW Construction Corp., with VHB, Inc. handling the engineering, and Market Square Architects, and PLLC handling the architecture. THE MAREK at Lebanon is expected to open for occupation in the fall of 2023.
Construction on the program’s expansion will begin in early 2023 at additional locations, including THE MAREK in Colorado Springs, CO. For the deep and growing pipeline of THE MAREK projects around the nation, Saxon Partners has exclusively appointed Colliers to handle the financing activities.
Features and amenities of THE MAREK at Lebanon
THE MAREK at Lebanon, a 250-unit, 100% market rate multifamily project with a 17.7-acre site, is unlike anything else now available in the Upper Valley. The 2-story, 10,500 s/f amenities structure has two serviced elevators. It has four stories above one-story podium apartment buildings.
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Furthermore, there is a mix of one-bed junior (124) and one-bed units (126). Additionally, there are open floor designs and stainless steel appliances featured in the apartments. Keyless access, bespoke closets, in-unit washers, and 9-foot ceilings will feature in each apartment at THE MAREK at Lebanon.
A dog park, dog wash, lounge areas, co-working spaces, an outdoor terrace with hot tubs, fireplaces, and grilling pavilions, a second-story Skydeck with bar and entertainment areas, a fitness center with a yoga studio, and easy bike storage are just a few of the community’s features.
The huge recreational trail network and open area next to THE MAREK will also be accessible to residents. We are really eager to work with the Saxon team once more, said Marcelo Dutra, vice president of commercial real estate finance for Brookline Bank.
