Windows In & Facade Install Underway for Revere Multifamily Project
Windows are in and facade install is now underway at 90 Ocean Avenue in Revere, dubbed 90o. The building will feature 75 apartments along with a rooftop lounge and fitness center. The transit-oriented development is just 500 yards from the Revere Beach Train Station.
Wood framing is in place for the new 75 unit apartment building at 90 Ocean Avenue in Revere. The project will feature 1 & bedroom apartments, just a short walk from the Revere Beach MBTA Station. The 5-story building's roof will feature a common roof deck overlooking the ocean.
Helge Capital has secured $20.5 million via Needham Bank for the project at 90 Ocean Ave in Revere, MA.
The multifamily project consists of the demolition of an existing building (formerly a Chinese food restaurant) and the construction of an approved 5 story 75 unit apartment building. Additionally, the construction of surface parking as well as parking under the building, utility connections, stormwater management system and incidental site work will occur.
Helge Capital has acquired the land at 90 Ocean Ave on Revere Beach for $4.125 million.
The project was originally approved in September 2016 for a five-story, 60 unit multifamily building located just steps from the Revere commuter rail station. The initial plans were to attract the growing workforce in the Boston area who work downtown but want to live outside the city.
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