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Image courtesy of V10 Development
A development firm co-founded in 2020 by a former Encore Boston Harbor lobbyist unveiled plans for a 21-story residential tower and rooftop restaurant run by the Strega restaurant team.
V10 Development, a partnership between John Tocco and Volnay Capital founder Ricky Beliveau, said the SKY Everett development at 114 Spring St. would become the second-largest building in the city after the casino itself
Varano Group, owner of the Strega family of restaurants, would operate the 6,000-square-foot restaurant and lounge including a 1,500-square-foot sky deck and retractable roof. The designs by Charlestown architects Context would allow “four season indoor and outdoor dining,” the development team said.
The 1-acre property surrounded by industrial uses contains a warehouse dating back to the 1930s and is owned by Hingham-based Nead Realty LLC, according to assessors’ records.
The project would accommodate plans for future public transit upgrades in the form of a 15-foot-wide right-of-way for a future MBTA Silver Lake stop and dedicated bus lane
Everett Mayor Carlo DeMaria signaled his support for the project.
“This project supports our transportation goals and, just as important, cleans another significantly contaminated site in our city and returns it to the public for lasting enjoyment and revitalization,” DeMaria said in a statement.
