Rockland Trust Provides Financing for Arboretum Place

A Massachusetts bank will pump $8 million into Arboretum Place, a Forest Hills mixed-use development, which houses the new Harvest Co-Op, a cat hospital and other businesses.

Rockland Trust said Tuesday it will provide a $2.1 million construction loan and $5.9 million in construction financing for Arboretum Place developer APW LLC & APV Realty LLC.

Summer Search, Massachusetts Society for the Prevention of Cruelty to Children, Boston Cat Hospital, Harvest Co-Op and Dane Street LLC are tenants of the property – located at 3815 Washington St. A new café is planned for 3840 Washington St., across the street from the currently built out property.

“Arboretum Place is going to have a tremendous impact on the Forest Hills community in many ways, but most importantly in terms of job creation,” said Kevin Walker, principal of APW LLC & APV Realty LLC, in a statement.  “We are thankful to Rockland Trust and the New Markets Tax Credit program for providing the financing that made this development possible.”

“Rockland Trust is dedicated to improving Massachusetts’ communities by providing funding to developments that spur economic recovery such as Arboretum Place,” said John McGregor, first vice president of commercial lending at Rockland Trust, in a statement.  “This new project brings jobs and amenities to Jamaica Plain, and Arboretum Place is one of the first new developments in the Forest Hills area in decades.  We look forward to seeing how it reinvigorates the community.”