Image courtesy of Cube3 Architects

Brookline Bank has provided a construction mortgage for one of Greystar’s three apartment projects in Everett.

The apartment project at 1690 Revere Beach Parkway received a construction loan of $100.2 million from Brookline Bank earlier this month, property records show.

Charleston, South Carolina-based Greystar is developing a 741-unit residential building at the site of a former Stop & Shop supermarket in Everett’s Commercial Triangle district, a federal opportunity zone.

Construction has started on two other Greystar developments in the area. Work began this month on a 6-story apartment building with 384 units at 85 Boston St., the second phase of a development that will total 714 units. Construction began earlier this year at 35 Garvey St., a 450-unit apartment complex.

Correction 5:30 p.m., Nov. 29, 2022: An earlier version of this article misstated the number of units for the 1690 Revere Beach Parkway development and the 85 Boston St. development.  

Brookline Bank Provides Construction Loan for Everett Apartments

by Diane McLaughlin time to read: 1 min