The Point Just Landed $27M in Financing
Sam Park & Co has received $27M in financing from Rockland Trust to complete the first phase of its sprawling mixed-use project in Littleton. Located at the intersection of I-495 and Route 119, The Point is a 540k SF development designed to attract tech workers. President Sam Park is in the process of negotiating an additional $27M to $30M for the second phase, Boston Business Journal reports. Early tenants of the first phase include a Market Basket, Starbucks and several restaurants. “It doesn’t look like a strip center. It looks like a walkable urban village. People are looking for that city-like experience,” Sam said. The Point will include fire pits, large outdoor screens and trails through nearby wetlands. Also on tap are a 115-room Courtyard Marriott, a 10-screen movie theater, office space and additional stores. [BBJ]
