The Corbin District in Darien, Connecticut

JLL Arranges $165 Million Construction Financing for Phase II of The Corbin District in Darien, Connecticut

by Channing Hamilton

DARIEN, CONN. — JLL has arranged $165 million in construction financing for Phase II of The Corbin District, a six-acre mixed-use development in downtown Darien. JLL Capital Markets represented the sponsor, locally based Baywater Properties, to secure a $102 million loan from Barings and $63 million in C-PACE financing from Counterpointe SRE.

Michael Gigliotti, Evan Pariser and Robert Tonnessen led the JLL Capital Markets team that arranged the total financing package. 

Once complete, The Corbin District will comprise 11 buildings featuring 112 apartments, as well as 78,810 square feet of retail and 105,968 square feet of office space. The development team completed Phase I of the project in 2023. Construction is now underway on the second phase, with completion slated for the summer of 2026.

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