Work on stalled Winthrop Center tower may finally resume

New Developments News
Last year at this time, work at the Winthrop Center construction site was well underway. David L. Ryan/Globe Staff/File 2019

It looks like work on the Winthrop Center skyscraper is ready to get back off the ground.

An arm of developer Millennium Partners on Wednesday filed documents in Suffolk County indicating it has closed on a $775 million loan that would allow construction on the tower — which has been largely stalled since March — to resume.

Millennium recorded a mortgage with a subsidiary of Cale Street Investments, a British real estate firm that invests on behalf of a large Kuwaiti sovereign wealth fund. The deal, the largest construction loan inked in Boston since the COVID-19 pandemic hit in March, should allow construction to restart on the $1.3 billion building, which at 691 feet will be the tallest in the Financial District.

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