Multiple Sources reported today and company officials have confirmed that the NorthPoint Lofts Condo Development site in East Cambridge has been sold to new developers including the Canyon-Johnson Urban Funds of which Earvin “Magic” Johnson is part owner.

The North Point project is a 44 Acre tract of land and originally started construction in 2000 and was planned to build a 10 Acre park,  2.2 million square feet of commercial office space, 2,700 residential units and 150,000 square feet of retail space as well as a new MBTA Green Line Station. The Project has been stalled since 2005 while Currently only 330 residential units have been built at Northpoint. The Tract of land is mostly in East Cambridge but includes 5 Acres in Somerville & 1.5 Acres in Charlestown.

The Stylish units feature: Bamboo Floors, Soaring Glass windows, Stainless steel kitchen appliance package, Italian Design Cabinets by Arclinea, Quartz Stone Counter-tops, Ceramic Subway Tiled Bath & Phillipe Starck Duravit sinks with Vanity & Moen faucets.

NorthPoint is a great Cambridge Loft development and still has units currently for sale: Studio loft Apartments start at $299,900, 1 bedroom lofts start at $375,000 & 2 bedroom lofts go for around the $600,000 range.

Post from: The Boston Loft Blog

Does this developer have the Magic touch?

I went over to the North Point Lofts the other day with a client and saw two great units for rent in the Tango building. Each duplex loft had 2 bedrooms and 1.5 baths. They also had an amazing balcony with stunning views of the Charles River.

The Units Feature:

•      Two-story lobby

•     Hardwood floors

•     Stainless steel appliances

•     Tiled bathroom floors

•     Variety of unit types and layouts

•     Private stoops and patios at most ground floor units

•     Large corner units

•     Numerous penthouse units with private roof terraces

•     Opportunity for controlled-access garage parking

•     Key-less entry system

•     Immediate access to the Central Park

Post from: The Boston Loft Blog

North Point Loft Rentals