NRP Group and Capital One break ground on apartment community in Massachusetts

The NRP Group, a vertically-integrated developer, builder and manager of multifamily housing, has broken ground on BLVD at Revere Beach, a community of 145 upscale apartments in Revere, Mass. The NRP Group is developing BLVD with Capital One, which is providing $35.3 million in construction financing for the project.

Located at 320 Revere Beach Blvd., across from the eponymous Revere Beach on the Atlantic Ocean, BLVD will provide quick access to downtown Boston by T and car, and residents will have water views from almost every apartment. The building will comprise a mix of studio, one- and two-bedroom apartments, 2,500 square feet of ground-floor retail space, 5,800 square feet of amenity space, and two levels of garage parking with 189 spaces.

BLVD is scheduled for completion in 2020.