Home / Recent News / Governor Baker brings Big Bucks to Revere
screen-shot-2016-11-17-at-10-20-50-am

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: Lynn Democrats look at transportation issues

Among the work to be done includes water, sewer, and utility upgrades, as well as street and sidewalk work, to unlock redevelopment of the commercial property.

Gov. Charlie Baker said Revere competed with more than a 100 other communities for the MassWorks cash. A total of $287 million in requests were received from an allotment of $90 million.

“You should all be enormously proud of the work that was done by the city to make this proposal where we thought the bang for the buck made it stand above the rest,” he said.

The developers, Revere Beach Parkway Partners LLC, comprised of Boston-based Gate Residential and Transdel Corp., closed on the parcel Tuesday for $5 million, according to the Suffolk Registry of Deeds.

See FULL STORY at ITEMLIVE.com

Thomas Grillo can be reached at tgrillo@itemlive.com

About RB

Check Also

DSC_0154

Top spots to live in Greater Boston

Boston Globe Story- By Elizabeth Gehrman APRIL 12, 2017 Where homes are in high demand, …

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>