Suffolk Downs Developer Makes Strategic $2.075M Revere Buy
June 01, 2022
HYM Investments has purchased a small property in Revere for $2.075 million.
The quarter-acre parcel at 619 Winthrop Ave is located diagonally across from the defunct Suffolk Downs race track, where HYM is in the process of beginning construction on a massive development project that will bring 10.5 million square feet of office, retail, hotel, and open space, and 10,000 units of housing over the coming decades.
The buy was through SD Winthrop LLC, according to the Suffolk County Registry of Deeds. Beachmont Roast Beef is currently located on the site. The seller, a family trust, purchased the property in 2016 for $35,000.