The HYM Investment Group, National Real Estate Advisors, Cathexis, and the City of Revere Celebrate the Grand Opening of Amaya at Suffolk Downs

The first residential building to deliver at Suffolk Downs brings 475-units and 24,000 square feet of ground-level retail to Beachmont Square

Today, The HYM Investment Group, alongside leaders from National Real Estate Advisors, Cathexis, Ullico, and the City of Revere celebrated the grand opening of Amaya, the first residential building to deliver at Suffolk Downs. The ribbon cutting ceremony and grand opening celebration underscore Amaya’s remarkable success and strong leasing momentum achieved since first move-ins began in June 2024. Amaya brings 475-units of housing, over 34,000 square feet of state-of-the-art amenities and 24,000 square feet of ground-level retail space to the Beachmont Square neighborhood. The Suffolk Downs Master Site will deliver 10,000 units of housing upon completion.

Today’s official grand opening ceremony featured a ribbon cutting ceremony and speaking program of local elected officials including Mayor of Revere Patrick M. Keefe, Jr. and Revere Ward One City Councilor Joanne McKenna, as well as representatives from HYM, National and Ullico. The event showcased performances by Veronica Robles Cultural Center’s all female mariachi band, local catering from La Hacienda, brews from new Suffolk Downs retailer Twisted Fate as well as a signature Amayarita cocktail.

Amaya’s 475-units are located adjacent to the Beachmont Square Blue Line MBTA Station, providing easy access to Downtown Boston and the Logan Airport by subway. With units ranging from studios to two-bedrooms, Amaya, managed by Bozzuto, offers its residents high-quality amenities including a 3,000 square foot, state-of-the-art fitness center, two outdoor courtyards which include a swimming pool, a pizza oven, grilling stations and an outdoor Shred Shed, as well as convenient lounge areas with work-from-home spaces, pet-friendly living options and an in-building parking garage.

Amaya includes 24,000 square feet of ground-level retail space being leased by BLACKLINE Retail Group, and anchored by Twisted Fate Brewing, a Massachusetts-based, family-and-majority-female-owned nanobrewery, recently announced as Amaya’s first retail tenant.  With the addition of Twisted Fate and additional retailers, Amaya’s residents will enjoy access to a diverse array of food and beverage and lifestyle options.

Residents of Amaya are connected to a lively community hub of neighborhood retail, open space and civic spaces within Beachmont Square, the 1.7M square feet, vibrant mixed-use neighborhood serving as a gateway to all of Suffolk Downs. With nearby access to The Track at Suffolk Downs, including The Dog Park, community events, and concerts hosted at The Stage at Suffolk Downs, residents are in close proximity to the best of Suffolk Downs.

“With the grand opening of Amaya, we are celebrating the realization of the vision of Suffolk Downs, and we’re excited to officially deliver the first residential building to the site,” said Thomas N. O’Brien, Managing Partner and Chief Executive Officer of HYM. “Amaya represents a milestone in the vibrant, dynamic community of Beachmont Square. From modern residences with extensive amenities and lively retail offerings, Amaya exemplifies high-quality living, and we look forward to celebrating with residents and guests alike at today’s grand opening.”

“We’re excited to celebrate the grand opening of this landmark residential development and welcome future residents to the thriving community of Beachmont Square,” said Jeffrey Kanne, President and CEO of National Real Estate Advisors. “Amaya exemplifies National’s dedication to investing in sustainable assets that not only aim to deliver strong returns to our clients, but create integrated communities.” 

“As the only labor-owned financial services company, we are thrilled to invest in a proud-union city like Boston,” said Brian J. Hale, CEO and President of Ullico Inc. “This project is another example of investing Labor’s capital to bolster the local Boston economy with good, family-sustaining union jobs.”

“The Suffolk Downs development represents a transformative opportunity for Revere and its surroundings: It is a signal towards the growth and ambition we have chosen to embrace. When we look at Amaya, we see the first steps toward creating a dynamic community hub that is both accessible and inclusive: It is a vision that serves all of us,” said Mayor of Revere Patrick J. Keefe.

“We’re thrilled to celebrate the grand opening of Amaya today, and excited by the strong leasing momentum we’ve seen thus far,” said General Manager Jennifer Soto of Bozzuto. “With thoughtfully designed spaces, top-tier amenities and a deep connection to the vibrant Beachmont Square neighborhood, Amaya has quickly become a place where residents feel a true sense of community.”

For more information on Amaya, please visit liveamaya.com or visit Amaya’s Instagram (@liveamaya) or Facebook pages.

Suffolk Downs

In 2017, Suffolk Downs, located in both East Boston and Revere along two MBTA Blue Line Stops, was purchased by HYM and its investors with a vision to create a welcoming neighborhood designed around new ways of living and working. Today, the 161-acre site at Suffolk Downs is being reborn as a new urban district with a dynamic mix of uses and offerings connected and supported by public open space, neighborhood retail, and civic spaces. Suffolk Downs will deliver 5.2M SF of life science and office space, 10,000 residential units , 450K SF of retail space, 400k SF of hotel space and over 40 acres of open space. Phase 1 of the redevelopment broke ground in May 2022 on the Revere side of the site and the first building, Amaya, delivered in 2024.

The HYM Investment Group, LLC

The HYM Investment Group is a premier development company that is leading the development of more than 20 million square feet of real estate throughout Greater Boston. The company creates mixed-use communities that strive to push the needle on sustainability, creativity, and technology for a more productive and resilient future. The team has an unparalleled knowledge of the development process that allows the company to bring complex projects to market through community input and support. Through experience, relationship building, and transparency with all stakeholders, HYM is able to deliver projects on-time and on budget in order to bring a material return for its investors.

With a team made up of 60% women and people of color, HYM is committed to building projects that prioritize inclusion and embrace Greater Boston’s rich diversity. From projects like Suffolk Downs to Bulfinch Crossing, the team is leading the industry on creating some of the most thriving neighborhoods in the region. www.hyminvestments.com

National Real Estate Advisors

National Real Estate Advisors, LLC is an investment manager developing, operating, and managing commercial real estate projects across the United States.

National’s mission is to create lasting value through projects that produce solid, long-term returns for our clients while improving the communities in which we invest and develop.

Since 2000, National’s investment team has been constructing investment portfolios of diverse property assets — primarily multifamily, data centers, office, healthcare, and medical buildings. National manages separate accounts and multiple commingled investment vehicles, including a data center fund. National seeks to create value for investors by adhering to a rigorous investment process and development principles guided by profits, integrity, community, and collaboration. National is an independently operated subsidiary of the National Electrical Benefit Fund (“NEBF”), a pension trust with assets that are managed by National on a discretionary basis. For more information, please visit www.natadvisors.com.

Ullico

The Ullico Inc. family of companies provides insurance and investment solutions for labor organizations, union employers, institutional investors and union members. Founded over 95 years ago, the company takes a proactive approach to anticipating labor’s needs, developing innovative financial and risk solutions and delivering value to our clients. Our products are tailored to promote financial security and stability for American workers.

The Ullico Inc. family of companies includes The Union Labor Life Insurance Company; Ullico Casualty Group, LLC.; Ullico Investment Company, LLC (Member FINRA/SIPC).; and Ullico Investment Advisors, Inc. For additional information, visit www.ullico.com.

Bozzuto

Bozzuto is an experience-focused real estate company distinguished by their innovative developments, dedicated customer service, and top-rated workplace culture. With award-winning expertise in homebuilding, multifamily development, construction, and management, Bozzuto is devoted to delivering extraordinary experiences for those they serve.

Since their founding in 1988, Bozzuto has developed, acquired, and built more than 50,000 homes and apartments. Celebrating 35 years of creating sanctuary for their residents, Bozzuto currently manages 90,000 apartments and 3 million square feet of retail space across the U.S., with 7 million square feet currently under construction. www.bozzuto.com.