JV Opens 1st Phase at Big Boston-Area Project
Upon completion, the Suffolk Downs development will provide 10,000 housing units.
A joint venture between The HYM Investment Group, National Real Estate Advisors, Cathexis and City of Revere has opened Amaya, the first residential building to deliver at Suffolk Downs.
Situated at 50 Salt St. in Revere, Mass., Amaya is a component of the Suffolk Downs Master Site. Upon completion, the entire project will provide some 10,000 units of housing.
Located in the Beachmont Square neighborhood, the 475-unit community provides more than 34,000 square feet of amenities and 24,000 square feet of ground-level retail space. Amaya’s residences range from studio units to two-bedroom apartment homes.
The rental community’s amenities include two outdoor courtyards that feature a pool, pizza oven, grilling stations and more. Features and finishes of Amaya’s apartments include vinyl-tile flooring, stainless steel appliances, quartz countertops, ventless stacked washer-dryers and ceiling heights of 10 feet in living and bedroom areas and 8 feet in bathrooms.
Bozzuto is set to manage the community.
Location-based amenities
Amaya is proximate to the Beachmont Square Blue Line MBTA Station at which residents will find access via subway to Downtown Boston and the Boston Logan International Airport. Within the lively, mixed-use neighborhood of Beachmont Square, residents will be able to enjoy shopping, open spaces and civic spaces.
The project’s location gives residents access to The Track at Suffolk Downs, including The Dog Park and community events, as well as concerts performed at The Stage at Suffolk Downs.
Amaya’s ground-level retail space is being leased by Blackline Retail Group. It is anchored by Amaya’s recently announced first retail tenant Twisted Fate Brewing, a Massachusetts-based, family-and-majority-female-owned nanobrewery.
Last week, a community nearby in Downtown Boston traded hands. Carmel partners acquired the 396-unit, 30-story-tall LUKA on the Common. The company obtained $137 million in Fannie Mae financing to support the transaction, arranged by Walker & Dunlop.
