500 Ocean Avenue
Update
04/26/18
Gate Residential Mortgages 500 Ocean Ave Development
Boston based, Gate Residential, has mortgaged the property at 500 Ocean Ave in Revere for $65 million. The group has received the funds for the beachfront development from PNC Bank.
The current project at 500 Ocean Ave is a mixed-use development that consists of an apartment building with shared amenities and retail on a 2.4-acre parcel. The parcel is part of the master-planned Waterfront Square district, which will also include hotel and retail programming.
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