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Boston & New England  + Metro Boston  + Apartments  | 

Nantucket Affordable Complex Garners $32M Financing

Rockland Trust has partnered with HallKeen Management and Norton Point Development to provide $32 million in financing to develop Ticcoma Green apartments in Nantucket. Located on nearly six acres of land at 6 Fairground Rd., Ticcoma Green will offer 64 affordable and workforce housing apartments once the project is complete.

“At Rockland Trust, we’re proud to support developments that expand access to affordable and workforce housing throughout our communities,” said Kelly Nguyen, VP, commercial banking officer at Rockland Trust. “Projects like Ticcoma Green directly contribute to the long-term sustainability of our island communities.”

The complex, which is expected to be completed in 2027, will also feature shared amenities, including parking, a bike shed, a picnic and grill area, EV charging stations, a playground, a community garden, storage, and an onsite management office.

Nantucket continues to experience significant housing shortages, influenced by limited land availability and rising construction costs.

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Inside The Story

Rockland Trust's Nguyen

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Financing
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