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The Boston Globe

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REVERE

Luxury apartments planned at beach

Groundbreaking set in September for $37m project

REVERE — A Chicago real estate firm will break ground in September on a $37 million luxury apartment complex at Revere Beach, marking the first private development along a strip of land where the city has estimated that up to $500 million in investments will occur in the next decade.

“I think it’s a catalyst that will bring a lot of future development,” said Mayor Dan Rizzo.

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