The HYM Investment Group, LLC

Last week we celebrated the official grand opening of Amaya, our first residential building at Suffolk Downs. Alongside our partners at National Real Estate Advisors, Cathexis, Ullico Inc., and with leaders of Revere including Mayor Patrick Keefe, Jr., Ward One City Councilor Joanne McKenna,?State Representative Turco and other elected officials, the ribbon cutting ceremony underscored Amaya’s success and strong leasing momentum achieved since first move-ins began in June 2024. Amaya brings 475-units of housing, over 34,000 square feet of state-of-the-art amenities and 24,000 square feet of ground-level retail space to the Beachmont Square neighborhood. The event showcased performances by Veronica Robles Cultural Center (VROCC)’s all female mariachi band, local catering from La Hacienda, brews from our new Suffolk Downs retailer Twisted Fate as well as a signature Amayarita cocktail. Thanks to all who joined us on Thursday and to everyone who made this project possible!

Last week, HYM’s Douglas Manz joined project partners (pictured L to R) Jim Tracey, P.E. (Dellbrook | JKS), Ellen Anselone (Finegold Alexander Architects), Sargent Gardiner (RAMSA | Robert A.M. Stern Architects), Jennifer Dopazo Gilbert (RLAW P.C.) and Joe Whitehouse (Kisco Senior Living) for an exciting panel and sneak peek tour of the Newbury of Brookline. At the site of the former Newbury College, this new senior living community will combine comfortable elegance and quality care with authentic service and five-star hospitality. Spacious independent and assisted living residences and memory care suites allow for a seamless continuum of care, all-inclusive services, including chef-prepared meals that meet an array of dietary needs, a robust calendar of life-enriching programs and personalized concierge services. Amenities include an indoor pool, fitness center, salon, valet & garaged parking, lounge rooms & comfortable outdoor spaces. Thank you to ULI Boston/New England to organizing this great event with their membership. We look forward to the project opening later this year!

One of the guiding principles of HYM’s vision for Suffolk Downs has always been, simply put, to create a place that is fun. We’re excited to announce that we have signed our first retail lease and look forward to bringing the fun by welcoming Twisted Fate Brewery to Beachmont Square. The new taproom and patio will feature a diverse selection of craft beers, ranging from the refreshing tastes of Twisted Fate’s lagering programs to the hoppy depths of their New England IPAS, to the rich warmth of their year-round stouts, and more. Twisted Fate will be located in a prime retail location on the ground floor of Amaya, the first residential building on site, and look forward to serving our residents, neighbors and visitors to Suffolk Downs in 2025! Read more in the Boston Business Journal: https://lnkd.in/e7Wm3Dvn

For My City at Peace and HYM, community and teamwork have always been two of the key principles that shaped our plans for the redevelopment of Parcel 3 in Roxbury. Shabazz Napier’s investment into P3 personifies these principles, as a Mission Hill-born basketball player who is committed to giving back to the neighborhood that raised him. Please take a moment to read The Bay State Banner’s profile on Shabazz and why he’s team #P3Roxbury: https://lnkd.in/eDiijGik My City at Peace, DREAM Collaborative, LLC, The OnyxGroup Development & Realty, Privé Parking, Maven Construction, Inc. , Embrace Boston, LabCentral Ignite, Madison Park Development Corporation

Amaya is designed with a fresh, dynamic approach that appeals to a broader, younger audience while embracing diversity. We invited MassLive to tour Suffolk Downs’ first residential building and discussed how its modern amenities and engaging community spaces set the tone for making the first phase of the site’s redevelopment a game-changer. Read more about Amaya and the future of Suffolk Downs in the full article here: https://lnkd.in/eVpxwzhZ

Art has always had a place at Suffolk Downs, and we’re excited to continue that tradition with the addition of a new mural at our first residential building, Amaya. Internationally acclaimed French artist Julien Colombier has made his United States debut with us in Revere on a 2,700 square foot hand painted mural located on the ground floor fa?ade of the building, lining the new Beachmont Plaza and turning the corner onto a brand-new Salt Street. The mural integrates themes of climate resiliency and ecological preservation, aligning with HYM’s commitment to prioritizing sustainable design at Suffolk Downs. Learn more in the Boston Globe’s coverage of Julien’s work or stop by Amaya to check it out yourself!: https://lnkd.in/ehrqAU95

A misleading headline. With a total investment of approximately $600M on the site to date, the redevelopment of Suffolk Downs is certainly not “on hold indefinitely”. However, this article does a good job in highlighting a key issue being felt across our industry: high interest rates and costs of labor and materials are making housing projects across the state incredibly difficult to finance. While HYM continues to work on key infrastructure and commercial pieces across the 161-acre site at Suffolk Downs, we look forward to working on creative and collaborative solutions with the State and our partners to break ground on the next units of much needed housing.

HYM is hiring! We are looking for qualified candidates for a Development Associate position. The ideal candidate has 1-3 years of experience with real estate development including financial and proforma analysis, due diligence, project management, site acquisition, land use permitting & entitlements, market research and project financing. Please share this opportunity with anyone who may be a fit, all resumes and inquiries for a formal job description can be emailed to [email protected]

In partnership with Cathexis and @National Real Estate Advisors, we’re thrilled to announce that pre-leasing at Amaya, the first residential building at Suffolk Downs, has begun! The 475-unit project located in Beachmont Square (and ~200 feet from the Beachmont T stop) will include over 34,000 SF of state-of-the art amenities, 24,000 SF of dynamic ground-level retail offerings, and a variety of spacious and modern studio, one-bedroom, and two-bedroom units. Discover more at liveamaya.com?

Boston Business Journal’s “10 real estate projects to watch in Boston in 2024” include two of our own! Beginning in Revere, Suffolk Downs will be delivering its first, 100% all-electric, residential building, Amaya, this summer in partnership with National Real Estate Advisors. Amaya’s 475 units will be the first of the expected 10,000 residential units within the mixed-use development. In Roxbury, we’ve continued our work with My City at Peace and a team of Boston and Roxbury’s next generation of black, brown, and women entrepreneurs at Parcel 3.?With a signed term sheet with the BPDA, this year we look forward to securing financing and continuing our work on the Article 80 submission. Read more in the BBJ here: https://lnkd.in/gZTXQByq