HYM Investment Group, Cathexis and National Real Estate Advisors Announce Pre-Leasing at Amaya

The HYM Investment Group, Cathexis and National Real Estate Advisors Announce Pre-Leasing at Amaya, the First Residential Building to Deliver at Suffolk Downs

The state-of-the art residential building will offer unparalleled amenities in the heart of Suffolk Downs’ vibrant Beachmont Square Neighborhood

REVERE – April 16, 2024 – Today, The HYM Investment Group (HYM), in partnership with Cathexis and National Real Estate Advisors, announced that pre-leasing has begun at Amaya, Suffolk Downs’ first residential building. The 475-unit project will include over 34,000 square feet of state-of-the art amenities and 24,000 square feet of dynamic ground-level retail offerings, with first move-ins beginning in June. The Suffolk Downs Master Site will deliver 10,000 units of housing upon completion. This redevelopment begins with the delivery of Amaya in the new Beachmont Square neighborhood.

Managed by Bozzuto, the 8-story residential building contains a variety of spacious and modern studio, one-bedroom, and two-bedroom units. Amaya offers quick, easy access to Downtown Boston and major transit hubs, and is located only 200 feet from the Beachmont Square Blue Line MBTA station, five minutes from Logan Airport, and 10 minutes from Downtown Boston.

Amaya will offer its residents access to an array of amenities, including a 3,000 square foot, state-of-the-art fitness center, which features an indoor fitness space, personal yoga room, and outdoor Shred Shed™, a freestanding fitness system that can actively accommodate up to 30 people. Two courtyards serve as the pillars of Amaya’s outdoor spaces, offering access to further amenities such as a swimming pool, seating areas, fire pits, lounge area with grills, and outdoor fitness activities.

Additional amenities at Amaya include the convenient lounge areas that serve as flexible work-from-home spaces with small-group work pods and banquette nooks, as well as designated spaces for communal working and gathering. The lounge space extends with an outdoor terrace and chef’s kitchen for gatherings. There is also a game room and arcade space on-site, featuring a pool table, shuffleboard table, darts nook, arcade games and a bar/lounge area.

Amaya will also offer pet-friendly living options, featuring a pet-spa equipped with Shore-line Elite Grooming Showers. Residents will benefit from a fully secure package room which includes refrigerator storage, 24/7 resident access, and storage lockers, as well as an in-building parking garage featuring both EV charging and bike racks with fix-it stations.

Amaya will be connected to a lively community hub of neighborhood retail, open space and civic spaces within Beachmont Square, a 1.7M square feet, vibrant mixed-use neighborhood serving as a gateway to all of Suffolk Downs. Residents will enjoy the nearby access to The Track at Suffolk Downs, including The Dog Park, community events, and concerts hosted at The Stage at Suffolk Downs. Situated in Beachmont Square, with 24,000 square feet of in-building, ground-level retail leased by BLACKLINE Retail Group, Amaya’s residents will be in close proximity to a diverse array of shopping, food and beverage options.

“Today, The HYM Investment Group is excited to announce the pre-leasing of Amaya,” said Thomas N. O’Brien, Managing Partner and Chief Executive Officer of HYM. “As the first residential project delivered within Suffolk Downs, Amaya represents a new standard of modern living in the Greater Boston area, with high-quality residences, a vibrant community experience and unparalleled amenities. We are proud to bring this vision to life and look forward to welcoming our first residents to Beachmont Square.”

“Amaya reflects National’s commitment to delivering high-quality assets while seeking to generate long-term returns for our clients and creating local job opportunities through our visionary projects,” said Jeff Kanne, President and CEO of National Real Estate Advisors. “As long-time investors in the Greater Boston area, we are thrilled to announce this exciting milestone in the transformative Suffolk Downs redevelopment.”

“We are thrilled to begin our pre-leasing efforts at Amaya today,” said Ron Moss, General Manager at Bozzuto. “Located in the heart of Beachmont Square, Amaya offers residents high-quality amenities, ground-level retail, and easy access to Boston. We look forward to welcoming residents to Amaya’s exceptional offerings this summer.”

More information on Amaya and access to pre-leasing can be found at liveamaya.com.

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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, 10.15 M SF of residential space, 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, will deliver 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 (“National”) 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.

 

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.