Upton + Partners, as a visionary pioneer, became the sole developer of this contemporary 230-unit multi-family apartment project at Waterfront Square, located on the Revere Beach oceanfront adjacent to the new $85 million MBTA parking garage and transportation center.
Upton + Partners navigated the local and State permitting and approval process while establishing positive relationships with the City of Revere, the MBTA, the Massachusetts Department of Conservation and Recreation, neighbors and the business community. As the developer, Upton + Partners negotiated the debt and equity financing with TA Associates Realty of Boston, Massachusetts for the $52 million project
The project finished ahead of schedule and within budget constraints in early 2017. The building was sold to Greystar in 2018 for $89 million, returning a significant profit to its investors.