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Tag Archives: MBTA

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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Pilot Bike Sharing Program ‘ofo’ Rolls Out

  Revere Journal Article    Story by Sue Ellen Woodcock   If you see someone on the streets riding a yellow bicycle, it’s part of a new ride share program that is the largest in the world. The Mayor and the Healthy Community Initiatives launched a  pilot program of a citywide, bike-sharing program with the world’s first and largest station-free bike sharing company, ofo.  The funny little company name is more of a logo than a word, said Grace Lin, vice president of ofo U.S.  The word is also a logo for the company meant to look like a bicycle. “ofo looks like a bike,” Lin said. Lin and her crew dropped off 200 bicycles  in Revere Monday morning and Lin said they hope to expand to the program in 2018. The system is paid for by ofo and comes at no expense to city taxpayers, Arrigo said. Lin said …

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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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5 things to know about living in Revere – story at Boston.com

IMAGE by Pat Greenhouse/Globe Staff Walks on Revere Beach can happen even when the weather is still chilly in spring. Story By Megan Turchi @meganturchi Boston.com Staff December 27, 2015 6:00 AM Though Revere has recently been in the spotlight because of casinos, horse tracks, and controversial new developments, the beachside city is known for a lot more than that. In the summer months, you might have seen Revere Beach, which is the country’s first public beach, on lists of sandy spots accessible by MBTA. You might have also heard of Kelly’s Roast Beef, which has been around since 1951 and claims to have made the first roast beef sandwich. – See more at: http://www.boston.com/real-estate/community/2015/12/27/things-know-about-living-revere/8H0EbKP2Xz9PqzmLtPu83K/story.html?p1=story_hp#sthash.ipst2Qlc.dpuf

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