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Developer Bets $8 Billion on Apartment Demand for Massive Boston Project

Redevelopment of Former Horse Racing Site Suggested for Amazon’s HQ2 Wins Critical Approval
Suffolk Downs, straddling Boston and Revere, Massachusetts, is expected to become home to more than 10,000 apartments, a hotel and millions of square feet of office, retail and open space. (HYM Investment Group)
Suffolk Downs, straddling Boston and Revere, Massachusetts, is expected to become home to more than 10,000 apartments, a hotel and millions of square feet of office, retail and open space. (HYM Investment Group)
By John Doherty
CoStar News
September 30, 2020 | 8:04 P.M.

The company behind what may be the biggest redevelopment in greater Boston is making an $8 billion bet that demand for rental housing, now weakened by the pandemic, will rebound enough to support the project.

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