PIPELINEPROJECTS
SUFFOLK DOWNS UPDATE • Developer: HYM Investment Group • General Contractor: John Moriarty & Associates
After a unanimous yes vote by the Boston Planning & Development Agency (BPDA) at the end of September, the Suffolk Downs neighborhood development is set to be reviewed next in front of the Zoning Commission. The BPDA voted yes for the project to move forward after hearing from more than 100 people in a virtual community meeting. If the Zoning Board also votes favorably, construction near the Beachmont MBTA train station in Revere will be set to start early in the New Year. The massive construction project will create 10,000 units of housing, including 13% affordable units, in a new minicity between Revere and East Boston. The developer, HYM Investment Group, has also pledged $5 million to fund affordable housing elsewhere in East Boston, and $400,000 to an emergency rental relief fund that will help Boston residents avoid eviction due to COVID-19. The project will be built under a historic-in-scale Project Labor Agreement, guaranteeing union wages and benefits for workers.
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Quarterly News of IBEW Local 103
