Headquartered in Waltham, Massachusetts, Crosspoint Associates, Inc. has over 2,500,000 square feet of office, industrial and retail real estate under management throughout New England. Established in 1989, Crosspoint Associates, Inc. is a regional real-estate development, investment, and management company. Our objective is to be a leader in commercial office, retail, and mixed-use real-estate throughout New England. We will best serve our investors, employees, and tenants needs by consistently creating and managing developments of lasting value to the communities in which we develop or acquire them.
Aug 07, 2019
Avalon Saugus Expected to Welcome First Residents This Month
The first units at Avalon Saugus are nearly complete with first residents expected to move in this month. The redevelopment of the 14-acre former Hilltop Steakhouse site will include 280 luxury apartments in total, a mix of studio, 1, and 2 bedrooms. Units feature open plan, modern kitchens along with walk in closets and many offer den or loft space. Final phases of construction will continue through the fall with completion of the full project expected by the end of the year.
May 06, 2019
First Units Nearing Completion at Avalon Saugus
The first of three new residential buildings at Avalon Saugus is nearing completion and expected to welcome residents in the coming weeks. The redevelopment of the 14-acre former Hilltop Steakhouse site will feature 280 luxury apartments in total. Units ranging in size from studios through 2 bedrooms are currently priced at $1750-$2550. Resident amenities will include a state of the art clubhouse, fitness center, saltwater pool, and a heated outdoor lounge.
At the front of the development site, commercial tenants including Starbucks are now open with interior fitouts ongoing for others including Salem Five Bank.
Dec 11, 2018
Construction Continues at Avalon Hilltop
With changes to the iconic sign complete, construction continues on various phases of the Avalon Hilltop development. Work is nearly complete on the commercial component with tenant fit-out taking place including on the 110 Grille.
On the residential side exterior work and window install are underway for 2 of the buildings with framing ongoing for another two toward the back of the project. Residential buildings are scheduled to open in fall 2019.
In total, the project will include 280 luxury apartments, a mix of studios, 1, and 2 bedrooms and 24,000sf of retail.
Aug 27, 2018
Commercial Space at Avalon Hilltop Set to Open in Late October
Commercial space at Avalon Hilltop is nearing completion with expected opening in late October. According to Jonathan Hueber, Director of Acquisitions at Crosspoint Associates, several commercial tenants including 110 Grill, Starbucks, Salem Five Bank, and Aspen Dental are already lined up to move into the highly anticipated development. Around 9,000 sf of commercial space remains available for lease at this high traffic location on Route 1 in Saugus.
Behind the commercial buildings, framing is underway for the residential portion of the development. Three new four-story residential buildings will be constructed to include 280 luxury apartments. Construction on the residential buildings is expected to be complete in Fall 2019.
Jul 18, 2018
Construction at Avalon Hilltop OngoingApproved mixed-use redevelopment of the 14-acre former Hilltop Steakhouse site located on Route 1 in Saugus. Three new four-story residential buildings will be constructed at the site’s rear containing 280 luxury apartments. Apartments will include 16 studios, 122 one-bedrooms and 142 two-bedrooms surrounding a landscaped courtyard with a pool, grills, fireplaces and dog parks. 10% of apartments will be designated affordable.Two new buildings featuring 24,000 square feet of retail will be constructed along Route 1. Retail will be co-developed with Crosspoint Associates and will include service-oriented businesses such as a dry cleaner, a hair salon, a coffee shop and a pharmacy as well as both full-service and casual restaurants. The development team intends to use the property’s existing liquor license. The landmark neon Hilltop Steakhouse cactus sign, which remains on site, will be incorporated into the development.Parking will be constructed both at grade at the front of the property and in a new parking garage at the property’s rear. Resident parking will be constructed at a 1.62 residential-unit-to-parking-space ratio. Construction of the project is scheduled to commence by the end of 2017 and will take approximately two years.
Jan 23, 2018
Construction complete at Newton Nexus office and retail development
Construction is complete at Newton Nexus, a 142,000-square-foot office and retail development located along the N2 Innovation Corridor in Newton, MA. Replacing and repurposing an office park formerly home to Polaroid and, in recent years, TripAdvisor, Newton Nexus' three-building new-construction Main Campus, located at 141-165 Needham Street, is nearly fully leased and features tenants including bfresh, Boston Ballet, Boston Ski & Tennis, Qdoba, Sierra Trading Post and TJ Maxx.
AAA and Citizens Bank will open locations at Newton Nexus' Main Campus this Spring. Empow Studios will also open a location this Spring at Newton Nexus' pre-existing East Campus, located across from the Main Campus at 180-210 Needham Street, which features three buildings with tenants including Anthony’s Coal Fired Pizza, Baby Koo, Eastern Bank, HomeGoods, Modell’s Sporting Goods, and Papa Gino’s. Newton Nexus is located minutes from Interstate 95/128, a short drive from Downtown Boston. The following are photographs of Newton Nexus:
Jun 09, 2017
AvalonBay acquires former Hilltop Steakhouse property in Saugus for $17.25 million following mixed-use development approval
AvalonBay Communities has acquired the 14-acre former Hilltop Steakhouse site on Route 1 in Saugus, on which the company recently received approval to construct a 280-unit luxury rental apartment community with 24,000 square feet of retail, for $17.25 million. The sale amounts to $1,232,142.86 per acre. AvalonBay will start construction of the mixed-use development, dubbed Avalon at Hilltop, by the end of this year; the development will take approximately two years to complete.
Avalon at Hilltop was unanimously approved by the Saugus Planning Board in April. Apartments at Avalon at Hilltop will feature luxurious finishes including stainless steel appliances throughout, granite countertops and large windows. Resident amenities will include a freshly landscaped courtyard, a pool, multiple fireplaces, a top-notch fitness space, grills and a dog park. Retail at Avalon at Hilltop will be developed in partnership with Crosspoint Associates. AvalonBay is the owner of over 285 apartment communities and 82,000 apartment homes across 10 states.
Jan 19, 2017
Details revealed for Hilltop Steakhouse Redevelopment on Route 1 in Saugus
AvalonBay Communities and retail co-developer Crosspoint Associates have revealed new details of Avalon at Hilltop, the proposed $100 million redevelopment of the 14-acre former Hilltop Steakhouse property along Route 1 in Saugus. Preliminary plans call for 280 residential apartments with 24,000 square feet of retail. The City of Saugus is now reviewing these plans.
Oct 16, 2016
Boston Ballet leases space at upcoming Newton Nexus development
Internationally acclaimed ballet company Boston Ballet has leased 26,550 square feet at Newton Nexus, a 142,000 square foot mixed-use development under construction in Newton, per an official press release. Boston Ballet will relocate to Newton Nexus in Summer 2017. Newton Nexus is now 85% leased with confirmed new tenants including Anthony’s Coal Fired Pizza, bfresh, Boston Ski & Tennis, Qdoba, Sierra Trading Post and TJ Maxx.
Jun 07, 2016
AvalonBay Communities moves to purchase former Hilltop Steakhouse property on Route 1 in SaugusThe Boston Globe reports reports that
AvalonBay Communities has an agreement to purchase the former Hilltop
Steakhouse property located at 855 Broadway on Route 1 in Saugus from current owner High Country
Investor, Inc. Development concepts for the 14-acre site include residential
and retail uses. The property’s existing liquor license will likely be retained
for retail use. A sale price for the site has not been reported.
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