By Chris Reidy Globe Staff

HFF, a provider of commercial real estate and capital markets services, said that it has arranged joint venture equity and construction financing for the development of Waterside Place, a 236-unit high-rise apartment building in Boston’s Seaport District.

Construction financing in the amount of $72 million is being provided by a group of banks led by RBS Citizens in partnership with Eastern Bank and Blue Hills Bank, HFF said. Waterside Place, a $120 million project, is being developed by the Drew Company and an institutional client advised by J.P. Morgan Asset Management.

The development is situated on 1.2 acres between the Boston Convention & Exposition Center and the Seaport Hotel, HFF said. It will include rental housing, retail, and parking adjacent to the World Trade Center Silver Line transit station.

Waterside Place is part of a larger development known as the Core Block – a roughly eight-acre parcel of land located between Summer and Congress streets, HFF said. The Waterside Place project occupies the northern edge of the Core Block.