Rockland Trust has provided $27 million in financing for the next phase of The Point, a 540,000-square-foot mixed-use development by Sam Park & Co. of Boston. The 90-acre property at Route 495 and Route 119 will include 400,000 square feet of retail and restaurants, office space, a 10-screen theater complex and a 115-room Courtyard by Marriott.
“Rockland Trust is excited to support Samuel Park on a project that will revitalize Boston’s I-495 Metro Northwest region,” Steve Hall, first vice president of commercial lending at Rockland Trust said in a statement. “The Point is the area’s first mixed-use destination of its kind, and we enjoy supporting projects such as these that transform communities and have a strong economic impact.”
The first phase of the project included 200,000 square feet of commercial space and is anchored by a Market Basket supermarket. An additional 200,000 square feet of retail space is now under construction.