News

Pick out the perfect Christmas tree this weekend at Revere. Kicking off the opening of Suffolk Downs’ new public space, the event will feature live music, sweet treats, food trucks, and arts and crafts, and will also take place next weekend. 

The HYM Investment Group (HYM) recently announced the opening of The Yard @ Beachmont Square, an interim activation space in the heart of Suffolk Downs’ Beachmont Square neighborhood.

Amaya, the first residential building at the repurposed Suffolk Downs racetrack, is ready to welcome residents. Humans, not horses. After horse racing ended in 2019, HYM Investment Group, in partnership with National Real Estate Advisors, Cathexis, Ullico, and the City of Revere, began the redevelopment of this massive 161-acre site, located in both East Boston and Revere.

Suffolk Downs’ fourth-annual Touch-a-Truck event is about to get their trick-or-treat on. Kids can get up-close-and-personal with their favorite vehicles — including fire engines and police cars — while filling a sweet treat bag along the way.

The HYM Investment Group (HYM), alongside leaders from National Real Estate Advisors (National), Cathexis, Ullico, and the city of Revere celebrated the grand opening of Amaya, the first residential building to deliver at Suffolk Downs. 

Massachusetts-based Twisted Fate Brewing is opening a location at the Amaya, a residential building in Revere, Mass., according to The HYM Investment Group and National Real Estate Advisors. Twisted Fate, a family-owned, majority female-owned nanobrewery is the first retail lease signed at Amaya, which welcomed its first residents in June.

REVERE – The HYM Investment Group (“HYM”) and National Real Estate Advisors, LLC (“National”), announced that Twisted Fate Brewing will open a location at Amaya, the first residential building to deliver at Suffolk Downs.

The first apartment building in the redeveloped Suffolk Downs opened in June. By early August, more than 70 were leased and 16 were actually occupied. If all goes according to plan, those residents will be the first of tens of thousands to call the onetime horse-racing track home.

“A part of Mission Hill goes with me wherever I travel. But my life has been about giving something back wherever I am,” said Napier. “That is one of the main reasons I decided to invest in the P3 Roxbury Project. 

Five years after Suffolk Downs hosted its final live horse race, the property is unrecognizable. The former racetrack, on the line between Boston and Revere, is bustling not with jockeys and spectators but with construction workers and trucks.

FAYE WEBSTER “Underdressed at the Symphony,” the fifth album from this shape-shifting Atlanta singer-songwriter, is full of appealing left turns like the sleepy yet sly psych-folk cut “eBay Purchase History’ and the sumptuous collaboration with fellow genre-agnostic Georgian Lil Yachty “Lego Ring.” July 27, 7 p.m. The Stage at Suffolk Downs.

REVERE — A luxuriant overgrowth of blue, red, teal, and pink petals and fronds appeared this month on the walls at Amaya, a new residential building along Salt Street in the Suffolk Downs development. Over 16 days, French muralist Julien Colombier and an assistant transformed 2,700 square feet of wall into a veritable jungle inspired by native plants such as cardinal flower, coral honeysuckle, and blue wild indigo.

The biggest such project is a planned redevelopment of the former Suffolk Downs racetrack spanning the border of East Boston and Revere. The project will encompass 16 million square feet of construction — equivalent to nine John Hancock towers.

King Gizzard & the Lizard Wizard, The Stage at Suffolk Downs, Aug. 19.

Looking for a fun (and free!) activity for kids this summer? For the second year in a row, The HYM Investment Group LLC (HYM), is excited to announce their partnership with Linda Sessa and Outside the Box Learning Company to deliver an exciting line-up of free family programming throughout the summer at The Track at Suffolk Downs.

Tom O’Brien of HYM Development gave an update on the Suffolk Downs development project during a special city council committee of the whole meeting on Monday night.

Pre-leasing at the first housing development inside the reimagined Suffolk Downs is off to the races. As of Thursday, prospective tenants can now pony up to secure their apartments in Amaya, a 475-unit development that will be the first residential complex to open amid the massive transformation of the 161-acre horse racing track site on the East Boston-Revere border. 

The first residents won’t move in until June, but prospective tenants can now sign contracts for one of the 475 units set to open at the complex.

The HYM Investment Group and its partners have kicked off pre-leasing at Amaya, the first building scheduled to open at their massive Suffolk Downs redevelopment in Revere and East Boston.

The first building at the 16 million-square-foot Suffolk Downs redevelopment is nearing completion and has begun marketing 475 apartments for occupancy in June.

The HYM Investment Group announced the promotion of John Hurley to the position of Partner while continuing his duties as Director of Development.

This is the year Suffolk Downs will really start to become the gigantic mixed-use development it’s set to be: The project’s first residential building is set to open this summer on the Revere side of the property. Named Amaya, it will feature 475 studio, one- and two-bedroom apartments. 

From an exquisite tower that stands where Beacon Hill, the North End and the Waterfront meet, a luxury condominium offers unobstructed views that extend from inner Boston Harbor all the way up to Cape Ann.

A couple of weeks ago, what’s become an annual ritual took hold of social media sites and group chats: The end-of-year data dumps offered by streaming services, who used their tracking of their users’ listening habits to formulate charts and pick out patterns to help them make sense of the year.

Boston’s office vacancy stands at its highest rate since the pandemic hit: more than 20%, with a record of 15 million square feet of empty space. Those numbers, according to the realty analyst Colliers, reflect companies’ increasing view that they don’t need nearly as much space — or maybe any at all — at a time of remote and hybrid work.

Last week, Governor Maura Healey, Lieutenant Governor Kim Driscoll, Economic Development Secretary Yvonne Hao, and Housing and Livable Communities Secretary Ed Augustus were in Revere to announce $164 million for 338 grant awards to support local economic development projects in 161 communities across the state.

Tom O’Brien is not shy about taking on challenging projects. The one-time City Hall planning chief turned developer is fresh off a big win with his One Congress office tower.

Today, Governor Maura Healey, Lieutenant Governor Kim Driscoll, Economic Development Secretary Yvonne Hao and Housing & Livable Communities Secretary Ed Augustus announced $164 million for 338 grant awards to support local economic development projects in 161 communities across the state.

For some of the key players in the debate over how to fix the state’s soaring housing costs, Gov. Maura Healey’s $4.1 billion package of policies and spending, unveiled Wednesday, comes down to whether or not it’s a good compromise.

The weather wasn’t cooperating for the third annual Touch-a-Truck at Suffolk Downs this September so HYM Partners decided to add a Halloween spin on things. Stop by the Track at Suffolk Downs for Truck or Treat on Sunday, October 29 from 10am – 2pm. Wear your costumes and come trick-or-treat at all your favorite trucks!

Pelli Clarke & Partners, the New Haven-based architecture firm, is changing the skyline of Boston. Founded by the late, legendary Cesar Pelli, who was dean of the Yale School of Architecture during the 1970s and ‘80s, the firm just completed One Congress Street as part of the Bulfinch Crossing project and is busy with the office/residential tower that is rising above South Station.

The Boston Business Journal has released its annual list of the region’s 50 most influential people who are using their power to improve the community. The Power 50: Movement Makers includes leaders across a range of industries and business sizes, from the state’s largest private employer to small firms that are making an outsized effect on the area.

Now, almost five years later, the flight to quality trend dominates after COVID transformed the way companies and their workers use offices. State Street’s famed sign, with 13-foot-high S’s (the “tate” “treet” are 11 feet each), has been moved from One Lincoln St. — its former headquarters building — to the gleaming, glassy One Congress office tower it now calls home. State Street will eventually occupy 27 floors across the 43-story skyscraper, which officially opened last week.

Four years and one global pandemic after its groundbreaking, downtown Boston’s One Congress office tower is getting its grand opening. Boston-based development firm The HYM Investment Group and partners Carr and National Real Estate Advisors are hosting a ribbon cutting outside the 600-foot building on Thursday afternoon.

HYM Investment Group’s brand-new One Congress office tower officially opens today, the first in a big pulse of downtown Boston class A space being delivered over the next several quarters.

The HYM Investment Group LLC (HYM), the firm leading the redevelopment of Suffolk Downs, announced an exciting line-up of activities taking place at The Track at Suffolk Downs throughout the summer and fall months.

O’Brien, co-founder, managing partner and CEO of HYM Investment Group, believes others can benefit from work in the public sector. “I would encourage people to think about politics and government, particularly at an early stage of their career,” O’Brien said.

The HYM Investment Group and its partner are a step closer to building labs and housing on a nearly eight-acre, city-owned Roxbury parcel after reaching an agreement with the Boston Planning and Development Agency that covers rent and more.

The inaugural series of concerts held at the Stage at Suffolk Downs held two weekends ago went off with minimal complaints and complications, according to city officials and the Suffolk Downs developers.

Taking the stage for a sold-out night on day 3 of the Re:SET Concert Series at The Stage at Suffolk Downs, the supergroup made up of Phoebe Bridgers, Julien Baker, and Lucy Dacus took time to make audience members feel at home.

A year after the arrival of Roadrunner, the Bowery Presents is preparing to unveil its newest concert venue in Boston — an outdoor space for 8,500 concertgoers on the racetrack infield at Suffolk Downs.

Suffolk Downs is undergoing early phases of a construction project that’ll transform the former horse racing track into a 16 million square-foot behemoth of a development. In the meantime, it’s bringing back the music.

Almost 2,000 girls showed off their girl power on Saturday with a special 5K race in Boston. 1,800 girls ages 8 to 13 ran in the race at Suffolk Downs to celebrate the end of a 10-week training season with Girls on the Run Greater Boston, an independent nonprofit organization.

Area residents interested in learning about life-changing career opportunities in the union building trades are encouraged to attend a free union job information session being held Tuesday, May 23, from 5-7 p.m. at Suffolk Downs.

Revere, MA – The HYM Investment Group announced that BLACKLINE Retail Group has been selected as the exclusive leasing agent for the restaurant and retail components of Beachmont Square, the first phase of HYM’s development of Suffolk Downs, located adjacent to the MBTA Beachmont Blue Line Station.

The Revere Traffic Commission held a public hearing last Thursday to discuss, and vote upon, a number of changes affecting city streets being proposed by HYM Development Group, the developer of Suffolk Downs.

Looking for a family friendly way to kick off the Boston Marathon weekend? On Saturday, April 15, The HYM Investment Group LLC, “HYM,” will host the second annual Marathon Daffodil Dash from 10 a.m.-1 p.m. at The Track at Suffolk Downs.

A highly subjective list of the concerts, festivals, exhibits, plays, and experiences you shouldn’t miss this season.

Steve Lacy, LCD Soundsystem, and boygenius will be the first three artists to play shows at The Stage at Suffolk Downs, a new seasonal outdoor music venue opening later this year at the former racetrack in East Boston.

An easy stroll to Government Center on one side and to TD Garden on the other, One Congress Street is an elliptical 43-storey office tower that doesn’t look like any other structure in Boston.

Last month news broke that The Bowery Presents was opening a new outdoor music venue called The Stage at Suffolk Downs, the site of a shuttered racetrack in East Boston. Now we have our first confirmed live events at the space, and it’s pretty solid: Re:SET weekend will take place June 16 to 18, and feature three outdoor mini-festivals headlined by Steve Lacy, LCD Soundsystem, and boygenius.

The total value of construction starts fell significantly in 2022, but the beginning of work on the Suffolk Downs project is a hopeful sign

On Thursday afternoon, the Boston Planning and Development Agency Board voted to tentatively designate HYM Investment Group and My City at Peace to redevelop Parcel P3 in Roxbury.

Boston has long established itself as a global leader in the life science industry and played a critical role in ensuring our society’s stability and health, especially during the COVID pandemic. Leading life science companies continue to recognize the value of being based in Greater Boston and having immediate access to Boston’s world class educational and medical institutions and talented pipeline of life science professionals.

The Campus and Urban Planning category encompasses architecture’s true value and promise to communities. Campus and urban planning design share increasingly similar goals. They strive to be more inclusive, center economic development, and include community voices in the planning process. The best planning methods consider the entire built environment, local culture, and available resources.

Boston and Cambridge have seen an explosion of new life sciences development in recent years, and in 2022 that growth spread out into new jurisdictions.

The Bowery Presents, the regional concert promoters behind Roadrunner, Royale, and the Sinclair, will add to the company’s stable next spring with the opening of a new outdoor concert venue at Suffolk Downs.

Looking for a family-friendly way to kick off the holiday season? On Saturday, December 3, from 10am to 1pm The HYM Investment Group LLC, “HYM”, will host its second annual “Holiday Happenings” event at Suffolk Downs.

The Boston Planning & Development Agency (BPDA) announced on Monday, Nov. 7, the delivery of $569,118 in funding to The West End Museum, provided by The HYM Investment Group (“HYM”), BXP, and Delaware North.

Boston is the center of the US Life Science universe, and it has been even more of a focal point for the investment community in the past few years.

Boston – My City at Peace (MyCAP) and The HYM Investment Group, LLC received a recommendation on Oct. 3 as they look to develop a long under-utilized parcel in Roxbury known as Parcel 3 (P-3).

New plans for a long-empty parcel on Tremont Street in Roxbury moved a step closer to fruition Monday, with a neighborhood committee voting to recommend a residential, life sciences, and retail campus proposed by developer The HYM Investment Group and community group My City At Peace.

An advisory group backed plans for a major commercial development that would tap into Boston’s life science boom and create an estimated 2,700 jobs in one of the city’s poorest neighborhoods.

Developers received a $150 million construction loan for the first residential building at the former Suffolk Downs racetrack property. The 475-unit Amaya complex spans 415,000 square feet on the Revere section of the property near Beachmont station on the MBTA Blue Line.

The HYM Investment Group and its development partners have scored a $150 million construction loan for the Suffolk Downs redevelopment mega-project’s first residential building.

Suffolk Downs’ first residential building has landed a $150 million construction loan. Washington, D.C.-based Ullico Inc. provided the loan for Amaya, a 475-unit apartment building planned near the MBTA Blue Line Beachmont Station in Revere by development partners The HYM Investment Group, National Real Estate Advisors, and Cathexis Holdings LP.

Thomas O’Brien, founding partner and managing director of the HYM Investment Group, was asked the following question at the July 26 jobs fair at Suffolk Downs: How many new construction jobs will there be for HYM’s housing and commercial project on the 161-acre site of the former racetrack?

Union Job Fair at Suffolk Downs. July 26, 2022.

Area residents interested in learning about life-changing career opportunities in the union building trades are encouraged to attend a free union job information session being held Tuesday, July 26, at Suffolk Downs.

Area residents interested in learning about life-changing career opportunities in the union building trades are encouraged to attend a free union job information session being held Tuesday, July 26, at Suffolk Downs.

During the height of the COVID-19 pandemic, when Zoom meetings and social distancing became the norm and downtown rents plummeted, the prognosis for previously bustling cities became dire. Some feared the urban metropolis would never recover from what appeared to be a mass exodus in favor of suburban seclusion.

Developers are adopting innovative solutions to keep up with rising demand for lab spaces. As a hub for life sciences research, demand for lab space in Boston is constantly on the rise.

HYM Investment Group and its partners held a groundbreaking ceremony Tuesday to signify the start of construction at Suffolk Downs, a 161-acre former horse racing track that is planned to feature more than 16M SF of mixed-use development.

Revere Mayor Brian Arrigo along with Revere and Boston city officials, joined executives from The HYM Investment Group (“HYM”), Cathexis and National Real Estate Advisors (“National”) to break ground on the former racetrack site at Suffolk Downs.

REVERE, MASS. — The HYM Investment Group, Cathexis and National Real Estate Advisors have broken ground on the redevelopment of the former racetrack site at Suffolk Downs in Revere, about five miles north of Boston.

One of the largest real estate projects in Massachusetts history — the 161-acre Suffolk Downs redevelopment in East Boston and Revere — is receiving a $775M in investment from a national pension fund for union electrical workers. The goal is to have 4,200 residential units at Suffolk Downs within eight years, according to HYM Investment Group CEO Tom O’Brien.

REVERE – Revere Mayor Brian Arrigo along with Revere and Boston city officials, joined executives from The HYM Investment Group (“HYM”), Cathexis and National Real Estate Advisors (“National”) to break ground on the former racetrack site at Suffolk Downs.

Suffolk Downs, the thoroughbred racetrack in East Boston that operated for more than 80 years before shutting in 2019, is slated to be converted into a massive mix of housing, commercial and lab space that’s being billed as the biggest single private development in city history.

Revere Mayor Brian Arrigo along with Revere and Boston city officials, joined executives from The HYM Investment Group (“HYM”), Cathexis and National Real Estate Advisors (“National”) to break ground on the former racetrack site at Suffolk Downs.

REVERE — Developers at Suffolk Downs, the 161-acre former horse racing track that straddles East Boston and Revere, have landed major financing deals to move forward with a lab and biomanufacturing facility and several thousand housing units.

InterSystems Corp. will move its headquarters from Cambridge’s Kendall Square to the $1 billion One Congress tower under construction in downtown Boston, agreeing to take the building’s top 14 floors, the tech firm announced Tuesday.

Boston’s newest office tower is fully committed more than seven months before completion following a large lease by a Cambridge tech company for its new headquarters.

InterSystems Corp., a Cambridge-based medical software and data management company, plans to nearly double its headquarters footprint and employee count with a move to downtown Boston.

In a city with a history of conservative design, these three adventurous new buildings are seizing some much-needed attention.

Two proposals to transform the vacant lot in Roxbury known as Parcel P3 have hit the desk of the city’s planning and development agency, each promising new affordable housing and economic development in the area.

Seven proposed Boston buildings are about to start testing whether real commercial development can move past carbon-spewing construction materials in a big way.

As officials begin to review the latest development proposals for the 8-acre parcel, Boston-based HYM Investment Group is proposing that Roxbury join the Greater Boston life science boom in force with 700,000 square feet of office and lab space.

The city of Boston has drawn two proposals for a nearly eight-acre parcel of land in Roxbury that multiple mayoral administrations have tried in vain to develop. At least one of the bids, from The HYM Investment Group, would put a large life sciences and housing campus in the neighborhood.

A $280 million biomanufacturing facility in Revere is the first building to break ground in massive redevelopment of former horse track.

Civil rights and worker rights go hand-in-hand, and we must institute tangible ways to expand opportunity and truly create the conditions that allow all Black workers to thrive.

The Sudbury was initially conceived as rental apartments. But once the team behind the 46-story residential tower fully understood just how stunning its views would be, they developed the top 11 floors as condos and christened them The Sudbury Residences.

BOSTON – Global law firm K&L Gates LLP will be relocating its Boston office in 2023 to One Congress, a one million square foot, trophy office development owned through a joint venture between Carr Properties and National Real Estate Advisors, LLC (National) on behalf of its clients.

As part of the latest, revised plans for the ongoing redevelopment of the Government Center Garage, a single life sciences building is now planned for the east parcel of the project site, instead of three buildings as previously proposed, along with a new bus station, and a public plaza connecting to the Rose F. Kennedy Greenway.

At the nexus of the Seaport, the North End and Beacon Hill, there is a part of the Waterfront – Downtown area some are now calling Bulfinch Crossing.

HYM Investment Group, the real estate firm behind the 161-acre redevelopment of Suffolk Downs, announced Wednesday that it is opening up a mile-long loop each day for Boston-area residents to exercise, run, or walk their dogs.

Boston dignitaries ascended to a banquet on the open-air 33rd floor of the city’s newest tower as the redevelopment of the Government Center garage continues — and the demise of the over-street portion of the old brutalist building nears.

A topping off ceremony was held Thursday at One Congress, a 600 foot-tall office tower, the newest addition to Boston’s skyline.

The development team behind the $1 billion One Congress office tower in downtown Boston on Thursday celebrated the 600-foot building’s topping-off, a traditional milestone marking the highest point of vertical construction on a project.

A 46-story condo tower has already opened, and a new headquarters tower for State Street will soon follow. Now, a dramatic remake of the Government Center Garage would build labs in an upcoming phase of the Bulfinch Crossing project.

After running a successful drive-in movie program during the height of the COVID-19 pandemic last summer, owners of Suffolk Down, HYM Investment Group, have decided to open the historic racetrack oval to the public this summer.

The plans originally called for housing, but the developer wants to capitalize on the strong demand from life sciences companies.

The Sudbury’s condominiums boast uninterrupted views of the North End and Beacon Hill.

When developers at HYM Investment Group started planning a major urban redevelopment at the former Suffolk Downs racetrack near Boston Harbor, they knew they had to plan around water.

Plans are underway to reinvigorate Suffolk Downs with a 16 million square-foot project that could bring upwards of 10,000 condominiums and apartments to the former thoroughbred horse racing facility, which closed on Oct. 4, 2014.

Initial site work has begun on the Revere side of the massive Suffolk Downs development. Under development by the HYM Investment Group, Suffolk Downs won approval in Boston in September of 2020 and will feature 10.52 million SF, more than doubling the residential development pipeline in the city.

2020 has been largely defined by the impacts of the coronavirus, threatening one of the area’s economic cornerstones. However, recent activity suggests that the Greater Boston construction sector will continue to thrive, and even expand.

Members of the Revere Conservation Commission voted unanimously to approve an eight- story, 340,000 square-foot building on the Suffolk Downs site being developed by HYM Investments.

According to year-end statistics compiled by the Boston Planning and Development Agency (BPDA), Boston planners approved 55 development projects in 2020 that will build over 12,000 new homes, 6.5 million square feet of new commercial space, and enough parking to store up to 11,162 more cars – and almost all of that new parking would be built in transit-accessible neighborhoods within a quarter-mile of an MBTA station.

Across the U.S., commercial real estate projects have ramped up to implement new technology to ensure a gold standard of wellness. One Congress, the highly anticipated office tower that will serve as an anchor to the larger Bulfinch Crossing development, is no exception.

Tom O’Brien, HYM Investment, on how immigration reform is good for business.

From Harvard’s president to an executive in Boston’s booming biotech industry, dozens of New England business, higher education and political leaders on Friday urged Congress to overhaul the nation’s immigration laws, following the introduction of President Joe Biden’s wide-ranging immigration bill this week.

Last week, the Boston Planning and Development Agency (BPDA) voted to distribute $200,000 in mitigation funds from the Suffolk Downs Redevelopment project to Greater Boston Legal Services (GBLS). The funding fulfills a portion of its community benefits commitment from when the project was approved in September 2020.

Tom O’Brien, HYM Investments, on their projects in the Boston-area

The Revere Planning Board gave its unanimous approval to the McClellan Highway Development Company and the HYM Investment Group’s sub-division plan for Phase 1R of the Suffolk Downs redevelopment project at its Jan. 12 meeting.

Tom O’Brien, the founding partner and managing director of the HYM Investment Group, has two big projects under development – a massive mixed-use complex at the site of Suffolk Downs in East Boston and a mixed-use project called Bulfinch Crossing at the former Government Center garage. Combined, the two projects call for 6.35 million square feet of office space.

The time has come after twelve terrific years of community news to say goodbye to NorthEndWaterfront.com.