It was just two weeks ago, when the city council approved a new hotel and apartment building for 205 Revere Beach Parkway at the old Shaw’s site and now the developers are moving forward with the project.
Greg Bialecki, executive vice president of Gate Residential, said the next step for the developers is creating a full-set of construction plans.
“We have general plans but now we can get specific,” Bialecki said.
Since they received approval from the city, they can now go ahead with firming up what the brand such as whether it will be an Extended Stay America, Marriott Courtyard or several others of the extended-stay hotel. With the approval from the city, Bialecki said it is now easier to work on the brand.
The project, at a cost of more than a $100 million to the developer, will include 195 apartments and 132 extended-stay hotel rooms. There will also be $3.6 million devoted to water infrastructure work on Revere Beach Parkway. There will also be $100,000 invested to improve Donnelly Square.
“We should be breaking ground at the end of this year or the first quarter of next year,” Bialecki said, adding that this is the time for demolition work to begin on the old Shaw’s building and the parking lot. The lot will be graded and prepped for the construction of the pads for the hotel and apartments. “We will not be going underground with this project.
This is the sixth Gate Residential property built in the area. The group also has over 12 hotels in its portfolio.
“We’re very excited about Revere,” Bialecki said. “I think people will be impressed with that they see. It will be a positive addition to the city.”
In addition to the plans, developers will also have to obtain construction permits, building permits, curb cut permits and other construction permits and routine permits.
“This will be the first hotel built in the city in 20 years,” Councillor Robert Haas Jr. said.