New in the Neighborhood: Revere
Revere Beach has certainly changed drastically since it opened as the country's first public beach way back in 1896. The current revitalization, centered around the Waterfront Square masterplan, is bringing large scale luxury development to the 3.5 mile stretch of waterfront real estate. Recent completions this year and upcoming construction account for around 1,000 luxury residential units, the bulk of which are located along Ocean Ave. & Revere Beach Parkway. Hotel development is also hot here with several projects under construction including the Marriott Spring Hill Suites. Just a 10-15 minute train ride from Boston plus easy access to roast beef sandwiches, Revere should continue to be a popular spot for residents.
Let's take a look at the two newest multi-family projects just north of the city.
500 Ocean just recently welcomed first residents and construction is still wrapping up for parts of the luxury waterfront project. This mixed-use development consists of a 305 unit apartment building with shared amenities and retail/restaurant space including the new Dryft restaurant which opened last month.
The full-service building features over 13,000 square feet of interior and exterior amenity space including a programmed roof deck with unobstructed ocean views; a bar/lounge/media concept; a communal workspace; dynamic fitness concept with outdoor yoga space; outdoor lap pool; dog care facility; and indoor and outdoor gaming activities.
Rents are currently ranging from $1940 per month for a 480 square foot studio up to nearly $5,000 for a 1400+ square foot 3 bedroom/2bath home.
Opened at the beginning of 2019, One Beachmont features 195 luxury apartments just minutes from Revere Beach. Amenities at One Beachmont include a fitness and yoga area, a lounge, a conference room, a mailroom and an outdoor pool with cabanas. On the sixth floor, residents have access to a lounge with an outdoor deck, along with a community room.
Not surprisingly One Beachmont's pricing is very similar to 500 Ocean with studios at 482 square feet starting at $1910 per month. Here however the largest unit renters will find is a 2 bed/2bath at 1120 square feet for around $3200 per month.