Investments

500 Ocean Avenue

Revere Beach, MA

305 units

Mixed-Use Multifamily & Retail Development

500 Ocean Avenue, a luxury 305-unit mixed-use multifamily, is part of the City of Revere’s master-planned Waterfront Square District that will revitalize this re-emerging neighborhood. 500 Ocean offers stunning views of Revere Beach, proximity to an adjoining restaurant, and convenient access to Boston with a bridge directly connecting the building to the Wonderland MBTA Blue Line station. Located less than 0.1 miles from Route 1A, the property also provides vehicular access to the City and Logan Airport and connections to I-90 and I-93. The full-service building features over 13,000 SF of interior and exterior amenity space.

In October 2021, Redgate sold 500 Ocean Avenue to an institutional buyer at an outer urban Boston record-setting purchase price of $158M.

Amenities

  • Roof deck with ocean views
  • Bar/lounge/media concept
  • Communal workspace
  • Outdoor lap pool
  • Fitness center
  • Outdoor yoga space
  • Dog care facility
  • Indoor/outdoor gaming activities

Status

Sold





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