The QUONAE GroupCompass
Compass Profile
The QUONAE GroupCompass
Compass Profile
Revere Beach — America's first public beach, looking north toward the boulevard and oceanfront.
Revere Beach opened in 1896 as the first public beach in America.[1] More than a century later, the same boardwalk sits at the center of one of Greater Boston's largest revitalization efforts, and the Commonwealth is helping to fund it.
Revere Beach is also a state asset. The three-mile crescent is a reservation of the Massachusetts Department of Conservation and Recreation (DCR). It was created after the state set aside roughly $1 million in the 1890s, a very large sum at the time, to relocate a shoreline railroad and build the beach's first bathing pavilions and bandstand.[1][2] In 2018, the Commonwealth and the city opened a new public bathhouse and DCR maintenance facility on the boulevard, completing a land transfer the Legislature approved in 2011.[3]
In October 2023, Governor Maura Healey and Lieutenant Governor Kim Driscoll chose Suffolk Downs in Revere to announce $164 million in statewide grants through the Community One Stop for Growth.[4][5] Revere's share funded a striking range of work:
• $4 million — a MassWorks Infrastructure grant for roadway and traffic upgrades tied to phase one of the 161-acre Suffolk Downs redevelopment.[5]
• $285,000 — Housing Choice grant for public-realm infrastructure near Shirley Avenue.[5]
• $275,000 — Site Readiness grant to master-plan mixed-use development at the 35-acre Wonderland Park parcel by Wonderland Station.[5]
• $250,000 — Brownfields grant advancing a riverfront park and climate-resiliency project.[5]
• $50,000 — Commonwealth Places grant to remake Fitzhenry Square into shared space and a dog park.[5]
That round built on a $1 million MassWorks grant the state awarded Revere in 2019 for Ocean Avenue infrastructure that helped unlock the Waterfront Square district.[6]
Those public dollars are helping to launch a much larger project. The HYM Investment Group is redeveloping Suffolk Downs, 161 acres that straddle Revere and East Boston, into a new neighborhood of up to 10,000 homes along with a hotel, offices, and retail. The project is valued at roughly $10 billion, will be built over more than a decade, and is served by two MBTA Blue Line stations.[7][8] The first building, the 475-unit Amaya, opened in 2024, and a second, the 473-unit Portico in Beachmont Square, broke ground in December 2025.[8]
Revere offers ocean views, a roughly 15-minute Blue Line ride to downtown Boston, and condo prices that are still lower than in Boston proper. Combined with steady public and private investment, those factors could support long-term value in Beachmont and along the boulevard as the district grows, although no one can guarantee future appreciation.
Want to visit the neighborhood? Start with the boardwalk.
Explore Revere Beach →If you're considering Revere as a place to live or invest, it's a market we watch closely, and we'd be glad to talk it through with you before the next wave of listings.
Yes. Revere Beach opened in 1896 as the first public beach in America, and it remains a state reservation managed by the Massachusetts Department of Conservation and Recreation (DCR).
The HYM Investment Group is redeveloping the 161-acre former racetrack, which straddles Revere and East Boston, into a neighborhood of up to 10,000 homes along with a hotel, offices, and retail, served by two MBTA Blue Line stations. The first building, the 475-unit Amaya, opened in 2024, and the 473-unit Portico broke ground in December 2025.
The five Community One Stop for Growth grants described in this brief total about $4.86 million (our own total of the cited amounts), part of a $164 million statewide round announced at Suffolk Downs.
All references verified and retrieved July 1, 2026. Figures follow each source's own methodology and are subject to change.
[1] Massachusetts Department of Conservation & Recreation. “Revere Beach Reservation.” Mass.gov. https://www.mass.gov/locations/revere-beach-reservation
[2] Society of Architectural Historians. “Revere Beach Reservation.” SAH Archipedia. https://sah-archipedia.org/buildings/MA-01-RV1
[3] Revere Journal. “Officials Hold Ribbon-Cutting for Bathhouse and Maintenance Facility.” Oct. 26, 2018. https://reverejournal.com/2018/10/26/officials-hold-ribbon-cutting-for-bathhouse-and-maintenance-facility/
[4] Commonwealth of Massachusetts. “Healey-Driscoll Administration Announces $164 Million for Economic Development Projects Through Community One Stop for Growth.” Mass.gov, Oct. 26, 2023. https://www.mass.gov/news/healey-driscoll-administration-announces-164-million-for-economic-development-projects-through-community-one-stop-for-growth
[5] Swift, Adam. “State and City Officials Announce State-Wide Development Grants at Suffolk Downs.” Revere Journal, Nov. 2, 2023. https://reverejournal.com/2023/11/02/state-and-city-officials-announce-state-wide-development-grants-at-suffolk-downs/
[6] Revere Journal. “Revere Awarded $1 million MassWorks Grant for Infrastructure Improvements on Ocean Avenue.” Nov. 8, 2019. https://reverejournal.com/2019/11/08/revere-awarded-1million-massworks-grant-for-infrastructure-improvements-on-ocean-avenue/
[7] HYM Investment Group. “Suffolk Downs.” https://www.hyminvestments.com/suffolk-downs/
[8] The Boston Globe. “HYM breaks ground on second residential building at Suffolk Downs.” Dec. 17, 2025. https://www.bostonglobe.com/2025/12/17/business/suffolk-downs-housing-breaks-ground/
Revere's share of the October 2023 grants