1690 Revere Beach Parkway
Approved 800-Unit Everett Redevelopment Project Up for Sale
On behalf of The Grossman Companies, Inc. Colliers and Cushman & Wakefield are pleased to exclusively present the opportunity to either outright acquire 1690 Revere Beach Parkway or recapitalize the Sponsor’s basis and invest in its phased redevelopment through a joint venture.
Located in a Qualified Opportunity Zone, 1690 Revere Beach Parkway represents an unparalleled opportunity to develop a market-defining project of scale in Greater Boston’s fastest growing inner urban community. The site, currently a Stop & Shop grocery store, was approved for redevelopment by the Everett Zoning Board in January. Plans call for a 1,156,040 SF development on nearly 7 acres of land featuring 800 units across 3 buildings.