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The Boston Real Estate BlogI am an independent real estate broker, focused on the residential real estate market in downtown Boston. |
Wonderland And Revere Beach A Hotbed Of Construction
Several new condo projects are in the planning stages or under construction on or near Revere Beach.
These include The Ocean Club and The Atlantica.
Nearby, Eurovest has unveiled plans for the beach area near the Wonderland Blue line T-stop.
The $485 million proposal includes 902 market-rate residential condominiums, a hotel, an office building, shops, restaurants and jazz clubs, a 12,000-square foot cultural center, and parks and plazas to connect the train station and Revere Beach. When completed in 2019 , the development would produce an estimated $10.5 million annually in taxes and fees for the city and could lead to the creation of 850 permanent jobs.
Also on tap are plans for a major construction project at the Wonderland racetrack, which would bring a mixed-use development to the site.
And, further down the street, Suffolk Downs may also be redeveloped, sometime in the near future.
More: Eurovest to lead Wonderland project - By Katheleen Conti, The Boston Globe
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