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CAMBRIDGE, MASS. — A joint venture between Canyon-Johnson Urban Funds, The HYM Investment Group and Atlas Capital Group have acquired the former Pan Am rail yard in Cambridge and plan to redevelop it into a transit-oriented, mixed-use project. The 44-acre site, which is being called Northpoint, is located across the Charles River from Massachusetts General Hospital. When complete, it will contain residential, commercial office, retail, hospitality and life sciences space surrounding a 10-acre park. The infrastructure is already in place, and a new Green Line MBTA station is set to open by 2015. Pan Am Railways is serving as an investment partner in the project.