One Beachmont

  • 205 Revere Beach Parkway
  • Revere, Massachusetts

Multifamily

Property Website

Photo credit: Trent Bell Photography

Square Footage:
219,214
Acres:
6.2
Units:
195
Equity Partner:
Joint Venture with Landowner Partner
Debt & Lender:
Cambridge Savings Bank (Construction Loan); Northwestern Mutual Life Insurance Company (Refinanced Loan)

One Beachmont is a ground-up, LEED certifiable multifamily development on a 6.2-acre transit-oriented site along Revere Beach Parkway. The property is located adjacent to Suffolk Downs and within a quarter mile of the Beachmont MBTA station.

RCP formed a joint venture with the land partner on this off-market transaction, leveraging its local market knowledge, residential experience, and regulatory and development expertise to manage risk and maximize value. RCP was responsible for all aspects of the project’s design and delivery and provided ongoing asset management. RCP also re-planned the site to include a hotel component, which was developed by a third party.

Status:

Sold in 2026

Additional Investments