Rockland Trust provides $32m in financing to develop Ticcoma Green

Nantucket, MA Rockland Trust has partnered with HallKeen Management and Norton Point Development to provide $32 million in financing to develop Ticcoma Green apartments. Located on nearly six acres at 6 Fairground Rd., Ticcoma Green will offer 64 affordable and workforce housing apartments – featuring a mix of studio, one-, two-, and three-bedroom units – 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, vice president, commercial banking officer at Rockland Trust. “Projects like Ticcoma Green directly contribute to the long-term sustainability of our island communities.”

“This has been one of the most challenging and rewarding projects Norton Point has undertaken, and Rockland Trust’s support was instrumental to its success – without Rockland as a partner, this project might not have moved forward,” said David Oliveri, president & CEO of Norton Point Development and partner at HallKeen. “This project has been a collaborative effort by many people over many years, with financial support from the Town of Nantucket and strong partnerships across multiple agencies and stakeholders. Nantucket has been one of the communities hit hardest by affordability, and Norton Point is grateful to be part of the team that has brought this project one step closer to reality.”

Nantucket continues to experience significant housing shortages, influenced by limited land availability and rising construction costs. The Ticcoma Green apartments project seeks to address these challenges by expanding access to affordable and workforce rental housing that supports the island community. 

“Bringing Ticcoma Green to fruition has been a long and rewarding process that began in 2018,” said Andy Burnes, interim CEO of HallKeen Management. “This project has been a truly collaborative effort involving an extraordinary group of partners, including the town of Nantucket, the Commonwealth of Massachusetts, MassHousing, EOHLC, MHP, Rockland Trust, Stratford Capital, the entire development team at Dellbrook, LDA Architects, and the teams’ legal advisors. Each played a critical role in navigating the complexities of this project and bringing it to life. We are grateful to everyone for their hard work and commitment to making this much-needed community a reality. Ticcoma Green represents not only new housing opportunities for Nantucket, but also the power of partnership and persistence.”

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