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Multi-Family New Construction
Opportunity to co-invest $3.4M of the remaining LP equity in a partnership alongside a leading Boston area sponsor, ready to break ground once equity is secured.
The $59.5M project is a shovel ready 114-unit, transit-oriented apartment development located in Revere, Massachusetts. The approved plans call for a 7-story, 100% market-rate residential building with spacious Studio, 1BR, 1BR+Den, 2BR, and 2BR+Den floor plans along with 844 SF of ground-floor commercial space and 114 parking spaces. The modern building design will incorporate luxury elements such as private unit balconies, state-of-the-art amenity and work from home space, and a community deck overlooking the Atlantic Ocean.
Located within walking distance of the popular Revere Beach, only 15 minutes from Downton Boston via MBTA’s Blue Line, and a 5-minute drive to Logan International Airport. Revere has emerged as a rapidly developing 1.5-mile extension of Boston and is poised to become one of the most vital corridors in the region, as institutional capital has invested heavily in the area in recent years, providing the economic scale necessary to transform the submarket.
Sponsor strategically acquired and assembled three contiguous parcels to create a unique opportunity for an investor to realize significant long-term appreciation.
Boston Area (Revere, MA)
$3.4M Remaining LP Equity
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