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Old 09-05-2014, 02:07 PM   #1
Jahvon09
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Revere Developments

Can someone please tell me what is about to be put into the spot at the shopping center where the Stop & Shop supermarket used to be? Will it be another supermarket going in there?

The place is just between the Wonderland & Revere Beach stops on the Blue Line.

Driving up in there, I notice that the section of road in front of it is blocked off.
They've been working there for a while now. :sad:
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Old 09-05-2014, 05:34 PM   #2
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Re: Revere Developments

Its still listed as available.

I'm on my phone but Boylston realty advisors owns it an its available on their website.
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Old 09-06-2014, 07:30 PM   #3
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Re: Revere Developments

It's going to be a Big Lots store.
http://www.chainstoreage.com/article...-massachusetts
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Old 10-14-2014, 02:24 PM   #4
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Re: Revere Developments

Quote:
Revere eyes new development, jobs

By Kathy McCabe | Globe Staff October 12, 2014

Revere Mayor Dan Rizzo will hold an economic summit Nov. 21 to discuss new growth and business opportunities, but there won’t be much talk about turning the city into a seaside gambling resort.

After Mohegan Sun lost its bid for a license to operate a $1 billion resort casino at the storied Suffolk Downs race track, Revere now is focused on smaller, but still promising, developments.

“Revere’s long-term plan and path forward toward future growth and prosperity may not be a simple one,” Rizzo said in announcing the summit, which will be held at Revere Showcase Cinema. “But it is one that, in the end, makes our city better and stronger for residents, businesses, and visitors.”

Already, there are signs of progress.

On Revere Beach, construction is underway on The Vanguard, a 194-unit luxury apartment complex that is the first phase of Waterfront Square, a $500 million residential/retail/hotel development planned by Eurovest Development of Boston.

Market Basket, the Tewksbury-based supermarket chain, plans to open a big store at Northgate Shopping Center on Route 60 by the end of the year. Construction was completed over a year ago, but the store remained unstocked while a management impasse played out at the chain. The crisis ended in August, when Arthur T. DeMoulas, the chain’s longtime chief executive, reached a deal to buy the company from rival relatives.

David McLean, director of operations at Market Basket, could not be reached for comment. When it finally opens, the Revere store is expected to have about 400 employees, according to Rizzo.

Harley-Davidson, which opened a flagship dealership on Revere Beach Parkway in Everett 16 years ago, plans to relocate operations to a former supermarket building on Squire Road, near the Malden line. The facility is due to open in December or January, according to Rizzo.

The summit, the second to be held in two years, aims to “highlight and outline our long-term economic plan,” Rizzo said.

Still, some small-business owners feel stung by the stunning loss of the casino license to a rival project in Everett, and the looming closing of Suffolk Downs. Mohegan Sun had promised to spend at least $10 million annually to purchase goods and services from Revere businesses.

“It’s quite a disappointment,” said Bob Upton, president of the Revere Chamber of Commerce. “Many of us were very, very enthusiastic about what the casino would bring.’’

Suffolk Downs on Thursday asked the state gambling commission to reconsider its decision to award the casino license to Wynn Resorts to build a resort casino in Everett. Track officials cited the recent indictments against three sellers of the land where Wynn plans to build a waterfront resort.

Without the casino license, Suffolk Downs has said it must close. The final nine races at the oval track were held Oct. 4, ending 79 years of racing that featured such thoroughbred stars as Seabiscuit and Cigar.

In a Sept. 17 letter to Rizzo, Suffolk Downs officials said the track is expected to close Nov. 20, and 176 full- and part-time employees will be laid off. Since then, a group of horse owners and trainers has filed an application with the state gambling panel to continue racing at the track.

But Rizzo and others are proceeding as if the track is closing. About 100 Revere residents will be affected if that occurs, said Miles Lang-Kennedy, Rizzo’s chief of staff.

“The mayor is very concerned about them losing their jobs,” Lang-Kennedy said.

workers attended two meetings with job counselors from the state Executive Office of Labor and Workforce Development to help them make new career plans, said Ann Dufresne, a state spokeswoman.

The track’s expected closing, along with the lost business opportunity from the casino, is deeply felt by Revere small-business owners.

“New Year’s Eve there would have been great for the flower business,” said Kerri Abrams, owner of Kinship Floral, which supplies flowers to Suffolk Downs. “We hoped they would purchase flowers from us, not only for the guests, but for the function facilities.’’

Suffolk Downs had been a steady customer since she opened her small shop three years ago on Revere Street. She made centerpieces for the track’s parties held to celebrate opening day, the Kentucky Derby, the Belmont Stakes, Valentine’s Day, and Christmas.

Abrams also hand-sewed 1,700 white carnations onto a felt blanket draped over a horse that accompanied the track’s float at Columbus Day parades in Revere and East Boston.

“They were a fun client,” Abrams said, as she pointed to photos posted on her Facebook page.

Gina Walker, chief operating officer at North Shore Shuttle-Be Driven, was gearing up for new business from the casino.

“I had plans to provide an employee shuttle, a shuttle to bring guests there,” said Walker, who runs the business with her father. “This would have been a great opportunity for many businesses. I guess it just wasn’t meant to be for Revere.”

In the last year, Suffolk Downs hired Walker’s company to shuttle residents to the polls to vote in a casino referendum and to attend community rallies and public hearings on the project.

“Suffolk Downs has been a great partner,” Walker said. “We had hoped to continue our relationship with them.”

On Revere Beach, one restaurant owner had hoped the casino would bring a steady flow of new customers.

“The added tourism would have had a ripple effect along the beach,” said Gary Ferragamo, a part-owner of Antonia’s At The Beach Restaurant and Bar. “I was expecting that our business would increase 20 to 40 percent.”

Antonia’s, one of the largest restaurants on the beach, now is trying new deals and ideas to lure customers. A new promotion, called Municipal Mondays, gives city workers a 20 percent discount on their bill on Mondays.

“We’re trying to be creative,” Ferragamo said.
Boston Globe
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Old 11-29-2015, 12:42 AM   #5
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Re: Revere Developments

new building going up at the corner of Beach & Broadway... appears to be apartments, about 4 stories...

edit - it's this:


And some history of the site here:
Quote:
A Piece of History Is Lost; Reardon’s Razed
May 7, 2015
By Seth Daniel

Last Friday, the old Reardon’s Pub building came down to make way for an elderly residential building, and while it’s known in more recent times as a hang-out and bar, it’s also the end for one of the oldest buildings in Revere – a place where stagecoaches stopped, horses rested and Colonial dignitaries took their lunch.

Much of the original building had been built over, but the foundation was the same foundation that was put in place by John Fenno in 1835 to create the first general store and “Publick House” in the area. That old foundation and the other relics left over as part of the skeleton of the building were quite clear once demolition crews began tearing away the outer layer of the building on Friday.

Revere historian – and former city clerk – John Henry said the area was long a stopover for the passenger stagecoach that ran from Boston to Salem. The coach, known as the omnibus, operated by the site, and possibly stopped there, as early as 1766.

In 1803, Broadway – running past the site – became the Salem Turnpike and was the first privately financed and constructed toll road. Another milestone for the site was in 1825 when French-American General Marquis de Lafayette – the Revolutionary War contemporary of George Washington – received greetings from the residents of the area at the Reardon’s location. He stopped there as he travelled to Salem from Charlestown after laying the cornerstone at the Bunker Hill Monument during the 50th Anniversary of that battle.

In 1835, the property took on more of the restaurant/store role that it was known for up until 2007 when it closed down for good.

That’s when John and Joe Fenno established a store and “halfway house” on the Fenno’s corner. It was known as a halfway house because it was a resting point for horses travelling the Boston to Salem route.

At the same time, a U.S. Post Office was established in the store and was operated by Postmaster Horatio Alger (the father of the famous writer by the same name).

“It was a very active place when the store was there,” said Henry. “There was a lot of history on that corner in that site. It was built at the same time as the first Revere City Hall, which burnt down. At that time, Revere was part of Chelsea and most of the development of this area was around the store and in the (Slade’s) Mill area. It was one of the first corners of this area to become inhabited.”

Former Reardon’s owner Stephen Reardon, now a city councillor, said it was bittersweet to see the building go down. He said that his father bought the café from the Maffei family in 1962 and the family operated it until it closed in 2007.

The Maffei’s had owned it since the 1930s.

He said the building had changed a great deal, but its very old Colonial history was readily seen.

“The foundation that was there was largely the old building,” he said. “You could go down in the cellar and see the old frameworks. You could tell it was very old. You could also see the joists and beams from the old stable area. Unfortunately, the building was largely expanded on. It was extended over the original boardwalk of the restaurant and stage coach stop – the front porch area seen in older pictures.”

Reardon said the restaurant and bar also spoke to a history in Revere and Chelsea that came from the blue collar, working class neighborhood that bloomed from the 1930s to the 1970s.

He said that at one time, the restaurant was a very popular place for men at the Forbes Lithograph plant in Chelsea to take their lunch. Along with Forbes, men from Reliable, Waugh’s and Parrotti’s auto dealerships would crowd the bar and booths for their lunch.

“It is the ending of an era,” he said. “It was one of the oldest buildings, if not the oldest, located on Broadway from the early 1800s. Along with Reliable, Forbes and Waugh’s, it was one of the stalwarts of Broadway. Those were the times when people worked and lived and got a meal and a drink in the same neighborhood. People didn’t have to go far in those days, but those days are gone. People are more mobile now and that era is also gone…We had a good run, but we just got too old to run that business. It’s a young person’s business.”
read on by clicking link above...



****
Also, former Shaw's site (205 Revere Beach Parkway) approved:
Quote:
Developers plan to build two, six-story apartment buildings after removing the Shaw’s store, which has been closed since 2011. The 6.2 acre site has a creek running at the back of the property. There are also wetland areas and the border land is subject to flooding.

The westerly building will have 149 units with 52 parking spaces in the garage and 72 storage spaces for bicycles. The easterly building will have 152, 53 garage parking spaces and storage for 54 bicycles. The existing parking lot will be repaved and have room for 246 parking spaces and raised to address the flood water elevation. A retaining wall will be constructed on the backside of the lot near the creek. The property line actually extends into the creek. As part of the project the creek will also have surface debris removed. The structures will also be made flood proof.

Last edited by FK4; 11-29-2015 at 01:21 AM.
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Old 04-22-2016, 09:16 AM   #6
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Re: Revere Developments

This sold for a lot more than $37M but with hotels, you can allocate a lot of the purchase price to personal property and value of the brand. I believe this sold for around $50M but it's beneficial to net the purchase price down for tax reassessment reasons. This hotel also has a plans and approvals for an addition.

In 2015 it did about $4.1M in NOI, at a 7.5% cap rate that's a $54.6M value.
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Old 04-22-2016, 09:24 AM   #7
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Re: Revere Developments

Quote:
Originally Posted by Bergeron37 View Post
This sold for a lot more than $37M but with hotels, you can allocate a lot of the purchase price to personal property and value of the brand. I believe this sold for around $50M but it's beneficial to net the purchase price down for tax reassessment reasons. This hotel also has a plans and approvals for an addition.

In 2015 it did about $4.1M in NOI, at a 7.5% cap rate that's a $54.6M value.
Thanks for this insight! Love it when people in the know get technical.
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Old 04-22-2016, 11:32 AM   #8
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Re: Revere Developments

Glad to hear that! I work for an owner & developer so this is basically what I do all day.
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Old 05-18-2016, 09:12 PM   #9
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Re: Revere Developments





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Old 05-18-2016, 09:14 PM   #10
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Old 05-19-2016, 01:30 AM   #11
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Re: Revere Developments

wow that last shot looks like it was taken somewhere in california or florida
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Old 05-19-2016, 02:20 AM   #12
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Re: Revere Developments

Revere is so wildly underdeveloped for being neighbor to boston w/ multiple subway stops AND having beachfront property.
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Old 05-19-2016, 08:48 AM   #13
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Re: Revere Developments

It has a lot of reputation to get over.

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Old 07-05-2016, 02:30 PM   #14
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Re: Revere Developments

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Originally Posted by cca View Post
It has a lot of reputation to get over.

cca
Chelsea has a lot worse reputation to get over and there is plenty of upscale development there.

Is that a 7 story wood frame apartment house in BeeLine's pics? Any Firewalls I wonder.
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Old 07-05-2016, 03:30 PM   #15
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Re: Revere Developments

Apparently you can do 2 levels of noncombustible material with 5 levels of wood frame over that. I'm not sure if that is what this developer is doing but the 2 and 5 construction is becoming fairly common these days to keep costs down.
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Old 07-05-2016, 04:34 PM   #16
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Re: Revere Developments

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Originally Posted by Bergeron37 View Post
Apparently you can do 2 levels of noncombustible material with 5 levels of wood frame over that. I'm not sure if that is what this developer is doing but the 2 and 5 construction is becoming fairly common these days to keep costs down.
That's correct. 5 is the max # of levels for combustible construction and the 5 can occur on top of a non-combustible base structure (such as CIP concrete or steel). It's being used in all the big developments in Chelsea lately like One North Phase I & II.
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Old 07-05-2016, 04:39 PM   #17
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Re: Revere Developments

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Originally Posted by Bergeron37 View Post
Apparently you can do 2 levels of noncombustible material with 5 levels of wood frame over that. I'm not sure if that is what this developer is doing but the 2 and 5 construction is becoming fairly common these days to keep costs down.
Indeed, with often spectacular results.

And in other news, some assholes just demolished a brick Bulfinch-designed warehouse on High Street...
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Old 07-05-2016, 05:24 PM   #18
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Re: Revere Developments

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Originally Posted by datadyne007 View Post
That's correct. 5 is the max # of levels for combustible construction and the 5 can occur on top of a non-combustible base structure (such as CIP concrete or steel). It's being used in all the big developments in Chelsea lately like One North Phase I & II.

What is the max horizontal/Square footage? Seems strange to have a max height and not a max overall size if flammability is the primary concern.
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Old 07-05-2016, 05:47 PM   #19
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Re: Revere Developments

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Originally Posted by Beton Brut View Post
Indeed, with often spectacular results.

And in other news, some assholes just demolished a brick Bulfinch-designed warehouse on High Street...
Beton Brut -- I guess that with this kind of construction you have multiple options depending on the threat:
  1. if you have a fire you go to the 1st floor [Reception desk]
  2. For a tornado [Revere has had one recently] you just hide in the Basement
  3. However, if its a Hurricane or a small Tsunami then you go to the 2nd floor?

Sweet
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Old 07-05-2016, 08:10 PM   #20
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Re: Revere Developments

"Indeed, with often spectacular results. "



Closer to home that 36 unit wood frame apartment building that burned in Peabody a few years ago. It was1 year old.
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