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Winthrop is a great place to live and raise a family but it’s also a smart real estate investment. There is a limited amount of oceanfront and ocean view real estate that is close to Boston. Winthrop is also next to Revere and East Boston. 

For example, The Boston Planning and Redevelopment Agency recently approved the HYM Investment Group plans to redevelop the Suffolk downs site into a mixed-use community. This is a big win for East Boston, Revere and the oceanfront community of Winthrop. 

The project, which will be one of the largest developments in Boston history, will include 10,000 units of housing, almost 3 million square feet of office and retail space, and create an estimated 18,810 new construction jobs and 22,000 new permanent jobs. 

The redevelopment will create a vital new neighborhood with a multi-use mix. It will be connected and supported by new public-accessible open space, neighborhood retail, and civic spaces. It will also improve the surrounding waterfront, open space and other natural amenities.  

Previously, Suffolk Downs which opened in 1935 was a horse track. Tens of thousands of greater Bostonians spent time at Suffolk Downs, watching and betting on horse-races, or attending large scale concerts and events. It closed in the summer of 2018. 

This will no doubt have a positive impact on the surrounding communities and makes Winthrop a great real estate investment. Buying an investment property in Winthrop is a great opportunity now. Property values continue to rise with Winthrop’s close proximity to this world class development. 

590 Shirley Street is that perfect Winthrop real estate investment opportunity. These contemporary town homes were built to take full advantage of the breathtaking and unprecedented water views of Boston Harbor, the City of Boston, the Winthrop Yacht Club and Marina and the Atlantic Ocean from your private balconies and your private roof deck which has 360 degree views.