Nantucket, MA – January 6, 2026 - 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 three acres of land of an approximately six-acre parcel of Town-owned land at 6 Fairground Road and 4 Waitt Drive, 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 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 on-site management office.
About HallKeen Management
HallKeen Management currently manages a diverse portfolio of more than 6,800 multifamily residential units across 85+ communities throughout New England, New York, Virginia, North Carolina, Maryland, and Florida. While maintaining a primary focus on affordable housing, the company also oversees a range of residential and mixed-use properties. Its operations are supported by a team of over 40 professionals at its Norwood, MA headquarters and more than 350 site-based employees.
About Norton Point Development
Founded by David Oliveri, Norton Point Development specializes in mixed-use, mixed-income projects with a focus on thoughtful design and community enrichment. From multifamily Passive House units to complex LIHTC deals, Oliveri brings over 25 years of hands-on experience in real estate finance and development.
About INDB and Rockland Trust
Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. With retail branches in Eastern Massachusetts, Worcester County, and Southern New Hampshire as well as commercial banking and investment management offices in Massachusetts, New Hampshire, and Rhode Island. Rockland Trust offers a wide range of banking, investment, and insurance services to individuals, families, and businesses. Rockland Trust also offers a full suite of mobile, online, and telephone banking services. Rockland Trust is an FDIC member and an Equal Housing Lender.
