110 Ocean Ave
Quick facts
City: Revere
Expected Construction start date: 2025
Development type: New construction
Number of new homes: 56 homes (12 one-bedrooms, 30 two-bedrooms, 6 three-bedrooms, 8 Single Room Occupancy group living units).
Affordability: 28 homes at <30% AMI and 28 homes at <50% AMI
Commercial space: Office space for North Suffolk Community Services
Overview
110 Ocean is in the heart of the Revere Beach neighborhood and is currently the site of 7 existing Group Living beds owned and operated by North Suffolk Community Services (NSCS). NSCS’s commitment to serving the community inspired their collaboration with The Neighborhood Developers to redevelop the site to maximize their impact by providing additional homes for those needing mental health services who can live independently.
The new 7-story building will incorporate 8 Group Living units, commercial space for NSCS to provide supportive services and classes for community members, 12 one-bedroom apartments set-aside for residents eligible for services through NSCS, and 36 two and three-bedroom apartments for families. These residents will have the opportunity to partake in the beachfront living that other market-rate residents in the neighborhood already enjoy and will benefit from a community room and a 7th-floor beach view patio.
The building is designed to meet Passive House standards and coastal flooding resiliency best practices. With innovative design, thoughtful mixed uses within the building, and deep affordability, this building positively impacts the housing and community needs of Revere.
Development team
Architect: MASS Design Group
General Contractor: Bald Hill Builders
Predevelopment financing: Community Economic Development Assistance Corporation, The Life Initiative
Federal Equity Investor: Boston Financial
Construction Lender: TD Bank
State LIHTC purchaser: Clocktower
Subordinate Debt: Executive Office of Housing and Livable Communities
Permanent Lender: Massachusetts Housing Partnership
Tax-exempt Bond Financing: MassDevelopment
Additional Funding: North Suburban Consortium and the City of Revere
Supportive Service Providers: North Suffolk Community Services, Housing Families
