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Board Approves Plan for New Hotel at Revere Beach

November 16, 2017 By Journal Staff By Sue Ellen Woodcock Plans for a new hotel on Revere Beach Boulevard have been approved by the Conservation Commission during its recent meeting. The eight story, 175-room hotel which includes an 80-seat restaurant is being pitched by JBX Developers of East Boston.  Dan Burke of JBX said the u-shaped building will have 25 rooms per floor, with 10 rooms in total not having an ocean view, and roughly 90 parking spaces. The property was the home of the former Shipwreck Lounge on the corner of 49-54 Revere Beach Blvd. and Ocean Avenue. Stormwater drainage on the site will be directed toward the Ocean Avenue drainage areas.  It was noted that there are also flood gates near the hotel. Developers are also working closely with the Department of Conservation and Recreation (DCR). Bob O’Brien of the city’s Economic Development office said the hotel plans …

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Paying Big Bucks: Several Key Properties Bought by New Developers

October 21, 2017   Story by Revere Journal Staff Westbrook Partners, of New York City, have acquired the 194-unit Vanguard at Waterfront Square luxury apartment community on Revere Beach, which opened in 2016, for $59.85 million in cash. The sale amounts to approximately $308,505 per unit. The Bozzuto Group has assumed management of Vanguard at Waterfront Square with Westbrook Partners’ acquisition. The project’s seller, a joint venture of Covington Realty Partners and Real Estate Capital Partners, paid $41.7 million to develop Vanguard at Waterfront Square. Vanguard at Waterfront Square features two newly constructed buildings located steps from the MBTA Blue Line stop at Wonderland, with amenities including a fitness center, a swimming pool, a clubroom, a business center, garage parking and sweeping ocean views throughout. Westbrook Partners is currently developing other area projects like The Aberdeen, a 40-unit luxury condominium building in Brighton, and is proposing to construct 55 Wheeler Street, a …

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2017 International Sand Sculpting Festival Winners

Story and image captured by AJ Terminiello for RevereBeach.com 2017 International Sand Sculpting Festival Winners It’s over and the judges and the people have spoken, for the top sculptors of the 2017 Annual International Revere Beach Sand Sculpting Competition. From left; State Representative RoseLee Vincent, Paul Hoggard-People Choice, Leonardo Ugolini-5th Place, Andius Petkus- 3rd Place, Mayor Brian Arrigo, Pavel Mylnikov (Russia) 1st Place and Sculptures Choice, Jonathan Bouchard-2nd Place, Abe Waterman-4th Place, and Senator Joseph Boncore.

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Revere Beach Gets Top Marks for Water Quality

Revere Beach is at the top of the class in terms of water quality, according to a report card recently released by a local environmental organization. Revere received a 98 percent on primary beach safety in the Beach Water Quality Report Card released by environmental advocacy organization Save the Harbor/Save the Bay. The report card is based on water quality data collected during the 2016 beach season on 15 public beaches in 10 communities, including Lynn, Swampscott, Nahant, Revere, Winthrop, East Boston, South Boston, Dorchester, Quincy and Hull. “This year’s report card contains good news for many of our beaches,” said Save the Harbor’s spokesman, Bruce Berman. “However, 2016 was a very dry year, with just 5.3 inches of rain and one large storm with over one inch of rain compared to the 10.2 inches we had in 2015 and the 13 inches of precipitation we expect in a typical …

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REVERE PUTS A RIBBON ON PROGRESS

LYNN ITEM PHOTO BY OWEN O’ROURKE State Secretary of Housing and Economic Development Jay Ash, left, helps Budge Upton, partner at Upton & Partners, Mayor Brian Arrigo, and Xander Dyer, V.P. T.A. Associates Realty cut the ribbon at Ocean 650 Apartments. ITEM STORY By GAYLA CAWLEY REVERE — Ocean 650 Apartments, a new luxury apartment complex on Revere Beach, was christened by city and state officials on Wednesday, who hailed it as setting the standard for future development in Revere. Jay Ash, State Secretary of Housing and Economic Development, joined Mayor Brian Arrigo and other city officials for a ribbon cutting on the rooftop of the apartment complex on Ocean Avenue, which holds 230 market-rate units, ranging from $1,750 to more than $4,000, according to the developer, Budge Upton, partner with Dedham-based Upton & Partners. “This is awesome,” Ash said. “To the City Council, congratulations on what you’ve been able …

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City Looks to Partner With New Developers of Suffolk Downs Site

By Revere Journal Staff By Sue Ellen Woodcock Being billed as the largest development possibly ever on the North Shore when construction begins at the Suffolk Downs property, the project could take 10 or 15 years to be fully developed. Either way the development will have an impact on Revere for the next 50 years. “It’s definitely an opportunity for transformational development at Suffolk Downs,” Mayor Brian Arrigo said. He’s had a number of conversations with developers HYN and principles Tom O’Brien and Dino DiFronzo about the fact that they and city officials will be working together for a number of years. “A lot of people are eager to work on this and a lot of people are jealous of the position I’m in,” Arrigo said in an office interview. “At the end of the day I’m interested in creating jobs for residents and commercial tax dollars for the city …

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Top spots to live in Greater Boston

Boston Globe Story- By Elizabeth Gehrman APRIL 12, 2017 Where homes are in high demand, for prices ranging from under $500,000 to more than $1 million. Confidence is contagious if you’re selling a home in the Boston area. In 2016, the fifth year since home prices started rebounding after the ruinous Great Recession, single-family sales increased by double digit percentages for the state as a whole, according to Tim Warren, CEO of the Boston-based market tracking firm The Warren Group, publisher of Banker & Tradesman. “The feeding frenzy is back, with crowded open houses and multiple offers,” he says. “That has accelerated price increases in the communities closest to Boston.” Accelerated them so much, in fact, that in several areas, medians have surged well beyond their pre-recession peaks. Cambridge, for example, has seen prices almost double, so a house that would have cost you $667,500 in 2005 set you back …

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Area Home Prices Just Keep Increasing…

Buying Tips

February 3, 2017 By Journal Staff By Sue Ellen Woodcock The real estate market showed median home sale prices have increased between 8 to 21 percent in the Revere, Winthrop, Chelsea, East Boston, Everett and Lynn. Revere single family home sales price comparing 2015 to 2016 were up eight percent from $330,000 to $356,250. There were 244 sales in 2016 and 196 in 2015. In the condo market there was a 44 percent increase in condo sales, from 134 in 2015 and 193 in 2016. The median condo sales price was down by 6.6 percent from $289,000 to $270,000.00. According to the Massachusetts Association of Realtors, Winthrop single family home sales price comparing 2015 to 2016 is up 10.7 percent, or $375,000 to $415,000. There were 89 sales in 2015 and 79 sales in 2016. Winthrop condominium prices were up 3.5 percent from $285,000 in 2015 to 295,000 in 2016. …

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Revere will not be a Sanctuary City

“We are not going to be a Sanctuary City” Advocate News – Interview with Mayor Brian Arrigo The mayor stated that his critics have thrown everything out there, including: He was going to place a “Black Lives Matter” banner on City Hall – false; or the public health office opened on Revere Street was actually a methadone clinic – false; or that he will have Syrian refugees living at the hotel at the new Shaw’s site development – false. “Or that I didn’t renew Chief Cafarelli’s contract because I wanted to make Revere a sanctuary city because he didn’t want to, and that was the bone of contention between him and I, which is unequivocally false,” said the mayor.  It was exactly one year ago, Jan. 6, 2015, when Mayor-Elect Brian Arrigo took over as the new leader of The Beach City of Revere following a tumultuous election against incumbent …

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Governor Baker brings Big Bucks to Revere

LYNN ITEM PHOTO BY OWEN O’ROURKE Revere City Councilor Anthony Zambuto, left, talks with Gov. Charlie Baker after they arrive at the old Shaw’s supermarket site at 205 Revere Beach Parkway to announce a $3.6 million MassWorks Infrastructure Program grant to build luxury apartments and extended stay hotel rooms. Story By THOMAS GRILLO REVERE — The shuttered Shaw’s supermarket on Revere Beach Parkway near the Beachmont MBTA station will soon be transformed into 220 apartments and a 132-room hotel. The six-acre site, which has been vacant for more than five years, benefited from a $3.63 million MassWorks Infrastructure Program grant to the city to advance the $90 million project that is expected to break ground next spring. Officials gathered on Wednesday at the abandoned market site, a five-minute walk to the T and Revere Beach, to celebrate the grant that made the development possible with the public infrastructure improvements. ALSO: …

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