Project Progress: Under Construction

Architects Arrowstreet
General Contractors NEI General Contracting
Engineers Hancock Associates
Developers The Neighborhood Developers

About 571 Revere Street

Revere, MA

571 Revere is a transit-oriented, new construction development that will create 51 new rental homes for families on a blighted, vacant property. The site is within a 10-minute walk of the Wonderland MBTA station, a five-minute walk of Revere Beach and adjacent to “Waterfront Square,” where the City of Revere has encouraged private investment and economic development through the creation of more than 600 market-rate rental apartments.

571 Revere will expand housing options for households with a range of incomes. Pricing for the units will be as follows - 6 units < 30% AMI, 5 units < 50% AMI, 21 units < 60% AMI, 19 units < 120% AMI.

 

Construction Cost $11,292,895.00
Acquisition Cost $1,950,000.00
Square Feet 74,206
Sector

Housing

Stories 4
Height (feet) 70
Start Date Nov 04, 2019
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Latest Updates


Apr 03, 2020

Core in Place for Affordable Housing Development in Revere

Read More >>


Mar 26, 2020

Electrical Permit Pulled for 571 Revere St

Read More >>


Nov 15, 2019

Revere Development Secures $23.15 Million in Financing

Read More >>


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