Value Add Oceanfront Development Deal in Booming Boston Submarket

Overview

Premier 75-Unit Multifamily Development in booming Revere, Massachusetts, located just 5 miles North of Downtown Boston. Revere is just beginning to experience  massive expansion and economic activity with the planned developments at Suffolk Downs and Wonderland Park, which will add more than 6 million SF of office, retail, lab and housing and the creation of more than 15,000 permanent and growing jobs.  90 Ocean is a Transit Oriented Site within a high-barrier to entry market, with a limited land supply, and high demand for housing that will far outpace supply for many years to come.

Residents are a ¼ mile, 5 minute walk to the MBTA’s Revere Beach Blue Line Train Station, which provides direct access to Logan Airport in less than 10 minutes and Downtown Boston in 15 minutes. Over the past 7 years, officials have invested $53 million in a new 1,500-car parking garage and bus terminal, as well as $20 million in a grand plaza and park that also includes a 140-foot-long pedestrian walkway that connects to Revere Beach Boulevard. Both improvements have helped facilitate the more than 2 million annual visitors to Revere Beach

Contact Member
Sector
Real Estate
Geographic Region
Northeast
Expiration Date of Post
Sunday, April 16, 2028
Source of Deal
I am investing in a new deal (or considering an investment)
Leadership of Deal
I am leading this deal and looking for co-investors
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