Ryder
Update
08/13/18
.74-acre Revere Beach Parcel Acquired for $8 Million
Gate Residential has acquired the property at 50 Ocean Avenue in Revere, MA for $8 million. The beachfront property is currently vacant land used for parking.
Gate Residential proposes to construct a building consisting of two levels of parking under five levels of residential spaces (the “Project”) within a 0.74-acre area of land on Ocean Avenue in Revere, MA. The existing conditions of the Project Site is a paved parking area bounded by a vacant lot to the north, the Surf Side Condominium (a residential building) to the south, Ocean Avenue to the east, and MBTA Blue Line property to the west.
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