Canyon-Johnson Partners with HYM, Atlas on NorthPoint Development

The 44-acre lot will eventually house a mixed-use community.

September 8, 2010
By Allison Landa, News Editor

Canyon-Johnson Urban Funds is joining forces with The HYM Investment Group, L.L.C. of Boston and Atlas Capital Group to develop the largest remaining land parcel in the city of Cambridge.

That 44-acre lot, also known as the NorthPoint development, will eventually house a mix of residential, office, retail, hospitality and life sciences space as well as a 10-acre central park. Formerly a Pan Am rail yard, the lot is located across the Charles River from Massachusetts General Hospital.

Daily planning and on-site development will be directed by HYM. Permits have been put into place for the mixed-use community.

According to Canyon-Johnson managing partner Bobby Turner, the development has the potential to create a new focal point for the neighborhood, in addition to generating thousands of constructions and permanent jobs.