50 Revere Beach Boulevard
Update
09/24/17
Developer acquires site of future Revere Beach hotel for $2.2 million
JBX Developers of East Boston has acquired the 0.34-acre site of the shuttered Shipwreck Lounge on Revere Beach, on which the proponent will construct a $15 million hotel, for $2.2 million in cash. JBX received approval in August to construct a nine-story waterfront hotel featuring 175 hotel rooms, an 80-seat restaurant, a rooftop terrace and a ground-floor cafe on the site, located at 49-54 Revere Beach Parkway steps from the Revere Beach MBTA Blue Line station. The hotel will be the largest commercial development on Revere Beach in over 20 years. JBX's acquisition follows Lixi Group of Montreal, QC's acquisition of 1.31 acres overlooking Revere Beach, on which the proponent will construct a 150-room Marriott SpringHill Suites hotel, for $2 million in cash earlier this month.
