Boston & New England + Apartments | March 3, 2021

Plans Unveiled for 21-Story Apartment Tower in Everett

Former Wynn executive John Tocco has announced plans to build a 366-unit, 21-story apartment tower in Everett, MASS. Tocco will develop the project as part of a real estate venture with Volnay Capital principal Ricky Beliveau. The real estate venture will be called V10 Development.

The tower, which will be called Sky Everett, will be topped by a restaurant run by North End restaurateurs Nick and Nico Varano and will include views of the Boston skyline, harbor and the Wynn Encore Boston Harbor Casino. The 6,000-square-foot restaurant will include a 1,500-square-foot porch with a retractable roof.

Construction is slated to start in 2022, with a goal of opening in 2024. The building property is currently an industrial site at 114 Spring St., which is approximately one mile from the new Chelsea commuter rail station that is under construction.

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John Tocco

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.