March 15, 2024

Crosspoint Associates to Build New Neighborhood Center in Concord

by Crosspoint Associates in Featured

Crosspoint Associates, Inc is thrilled to announce that it has completed the acquisition and
permitting of a 15,000 SF property in Concord, MA, where it plans to build a new neighborhood
center that will feature three restaurants and a bank.

Situated at 768 Elm Street, just off Route 2, the site was formerly occupied by the beloved Papa
Razzi Restaurant, which closed its doors in July 2023. Following comprehensive planning and
collaboration with the Town of Concord, Crosspoint secured approvals for the construction of the
new building on January 16th, 2024. Construction is expected to begin in July 2024, just one year
after Papa Razzi closed its doors.

The upcoming development promises to be a vibrant hub for the Concord community, offering
three new dining establishments complete with outdoor seating, alongside a regional bank equipped
with a remote ATM. This mix of culinary and financial services is designed to cater to a wide range
of needs, enriching the local lifestyle.

“We are excited to bring this project to life and create a vibrant destination for the residents and
visitors of Concord,” said Kerry McCormack, PE, Director of Development at Crosspoint
Associates. ” Our talented design team and carefully selected tenants are committed to elevating the
property’s appeal, ensuring a positive impact on the community.”

About Crosspoint

Crosspoint is a real estate investment, management, and development company with over three decades of successful industry experience. We own and manage real property investments primarily in the greater New England area and select markets across the east coast offering individuals, family offices and institutional partners direct access to the best real estate opportunities. We seek to acquire, develop, and manage a real estate portfolio of the region’s best properties, always endeavoring to transform the communities in which we do business for the better along the way.