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The parcel on the west side of the tail end of Pleasant Street, designated in the historic record as the Point Lot, seems to have remained undeveloped and in Updike ownership until around the start of the 19th century when Lodowick Updike II entered into a 10-year lease agreement with shipwright Henry Vaughn and his business partners Capt. Richard Barney, merchant Stukely Himes, and trader and mariner Samuel Carter.

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