Real estate company Greystar Real Estate Partners, LLC has begun development on two-phase, 741-unit development at located 1690 Revere Beach Parkway in Everett, MA.

Greystar Real Estate Partners, LLC ‘s three residential developments in the city’s Commercial Triangle district represents a more than $730-million investment in the city and deliver more than 100 affordable units to Everett.

Upon completion of Phase I in early 2025, 1690 Revere Beach Parkway will deliver 325 units to the. Phase II, set for completion in early 2026, will deliver 416 units. The development, will provide 875 parking spaces, over 9,500 square feet of retail space, and 22,800 square feet of amenities for residents.

Amenities of the two seven-story buildings will include five courtyards, a pool exclusive to each building, a dog park, and an upper-level terrace on the 7th floor. 1690 Revere Beach Parkway is a seven-minute walk from the Chelsea MBTA station and proximate to the MBTA’s Wellington Orange Line station, the Encore Boston Harbor resort and the Assembly Square District.

Greystar Real Estate Partners, LLC manages more than 754,000 units nationwide and has an institutional investment management platform with approximately $49.9 billion of assets under management, including $22.6 billion of development assets.