HYM Investment Group is pushing the massive Suffolk Downs redevelopment into its next act, lining up a large apartment building and a full-service hotel by the MBTA Blue Line's Beachmont stop this year. The new construction is set to tighten up Beachmont Square and layer in more retail and public space on the former racetrack site.
According to the Boston Business Journal, HYM plans to break ground in 2026 on a 473-unit residential building and a 150-room hotel, both next to the project's first building outside the Beachmont station. The move signals the developer is shifting from early activation into a busier construction rhythm across the 161-acre property.
What Is Being Built And Where
HYM's Beachmont Square is planned directly across from the Blue Line, and the upcoming apartment building and hotel are set to anchor a retail spine and public plaza on either side. The developer's project pages pitch Beachmont as the gateway into the larger Suffolk Downs neighborhood and highlight transit access as a key draw, per the Suffolk Downs project site.
Timeline And Developer Remarks
At a recent City of Revere update, HYM CEO Thomas O'Brien told councilors, "We feel good about where we are," and laid out a schedule that would have the hotel and another residential building starting construction by the end of the year. The same presentation framed the hotel as a national, upscale, 150-key property that would include a rooftop restaurant, according to Advocate News.
What The Neighborhood Will See
The first Beachmont building, Amaya, opened in 2024 and already has ground-floor tenants, pop-up markets and a public plaza in place, giving locals an early preview of how the new district is shaping up, the Revere Journal reported. HYM has been programming The Yard and is building an outdoor amphitheater, parks and stormwater features that are intended to serve both recreation and resilience roles.
Transit And Traffic
City planning filings describe open space networks, retail squares and infrastructure upgrades meant to handle the additional trips the project will generate, according to documents on the Boston Planning & Development Agency's project page. HYM has also said it has finished several off-site intersection improvements and other roadwork to help blunt traffic impacts as Suffolk Downs fills in, per the developer's public updates.
What To Watch
More groundbreakings and permit applications are expected this year as HYM leans into heavier construction phases, and neighbors can look for continued community events and programming at The Yard while the rest of the site goes vertical, per the Revere Journal. For ongoing details on timing and phasing, coverage in the Boston Business Journal and city planning filings remain the key places to track progress.
