The HYM Investment Group Announces BLACKLINE Retail Group as the Exclusive Retail Leasing Agent for Beachmont Square at Suffolk Downs
BLACKLINE will Bring Diverse Retail Options to the Vibrant 1.7M sq ft Neighborhood
Revere, MA – May 27, 2023 – The HYM Investment Group (“HYM”) has announced that BLACKLINE Retail Group (“BLACKLINE”) has been selected as the exclusive leasing agent for the restaurant and retail components of Beachmont Square, the first phase of HYM’s development of Suffolk Downs, located adjacent to the MBTA Beachmont Blue Line Station.
Beachmont Square will be comprised of 1.7M square feet and a vibrant mix of uses, located in the heart of Revere’s Beachmont neighborhood that will serve as a gateway to the entire Suffolk Downs development. The development will feature over 1,500 luxury residential units, 325,000 square feet of lab/office space, 85,000 square feet of retail space, a 159-key hotel and thoughtfully designed open space including a plaza and outdoor amphitheater. The project will be situated directly across from the MBTA Beachmont Station and is designed to be an accessible, sustainable, and dynamic community that enhances the quality of life for its many residents and visitors. Construction of the first residential building, Amaya, broke ground in 2022 and is set to open in the summer of 2024. Amaya will feature 475 apartments and 24,000 SF of dynamic ground floor retail.
“HYM is thrilled to partner with BLACKLINE as we look to bring diverse and vibrant retail, lively food and beverage and neighborhood resources to Beachmont Square,” said Thomas N. O’Brien, Managing Partner and Chief Executive Officer of HYM. “Beachmont Square will intentionally serve and provide meaningful economic opportunities for the surrounding Revere and East Boston neighborhoods.”
BLACKLINE Retail Group is a commercial real estate brokerage firm specializing in the representation of landlords and tenants for retail properties throughout New England. Their team of seasoned professionals brings a wealth of experience and a deep understanding of the retail landscape to every project they undertake. Members of the BLACKLINE team have been involved with the lease up of Boston’s Fenway neighborhood, The Continuum in Allston, and many restaurant and retail deals throughout the city. BLACKLINE currently leases some of New England’s premier mixed use destinations including Patriot Place, Hingham Shipyard & Linden Square.
“We are thrilled to launch the retail leasing component of Suffolk Downs and be a part of one of the largest mixed-use projects in Boston’s history. We look forward to working with the professional team at HYM to bring Beachmont Square to life,” said Daniel Dori, President of BLACKLINE. “We are confident that our expertise and knowledge of this asset class will help attract the best tenants and create a vibrant shopping and dining destination for the community.”
Construction on Beachmont Square is currently underway and will begin to deliver in summer of 2024. For more information about Beachmont Square, please visit atsuffolkdowns.com/beachmont-square/.
About Suffolk Downs
In 2017, Suffolk Downs, located in both East Boston and Revere along two MBTA Blue Line Stops, was purchased by HYM and its investors with a vision to create a welcoming neighborhood designed around new ways of living and working. Today, the 161-acre site at Suffolk Downs is being reborn as a new urban district with a dynamic mix of uses and offerings connected and supported by public open space, neighborhood retail, and civic spaces. Suffolk Downs will deliver 5.2M SF of life science and office space, 10.15 M SF of residential space, 450K SF of retail space, 400k SF of hotel space and over 40 acres of open space. Phase 1 of the redevelopment, Beachmont Square, broke ground in May 2022 on the Revere side of the site and will begin to deliver in 2024.
About The HYM Investment Group
The HYM Investment Group is a premier development company that is leading the development of more than 20 million square feet of real estate throughout Greater Boston. The company creates mixed-use communities that strive to push the needle on sustainability, creativity, and technology for a more productive and resilient future.
The team has an unparalleled knowledge of the development process that allows the company to bring complex projects to market through community input and support. Through experience, relationship building, and transparency with all stakeholders, HYM is able to deliver projects on-time and on budget in order to bring a material return for its investors.
With a team made up of 50% women and 35% people of color, HYM is committed to building projects that prioritize inclusion and embrace Greater Boston’s rich diversity. From projects like Suffolk Downs to Bulfinch Crossing, the team is leading the industry on creating some of the most thriving neighborhoods in the region. www.hyminvestments.com
About BLACKLINE Retail Group
Based in Newton, Massachusetts, BLACKLINE Retail Group provides first class retail leasing and brokerage services to Landlords and Tenants throughout New England. BLACKLINE leases over 7 million Square Feet of premium retail in Mixed-Use, Lifestyle, Power & Neighborhood Shopping Centers and has completed hundreds of retail leasing transactions throughout New England.
BLACKLINE’S local and regional market knowledge and range of skills include ground up leasing, lease negotiation, site planning & place making, and tenant mix advisory services, which includes strong local prospecting. Visit www.blacklinere.com or call 617.553.1820 for more information.
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