Real estate market heating up in Everett, Revere
As Everett voters prepare to have their say on a $1.2 billion casino proposal for their city’s riverfront on Saturday, homebuyers and developers aren’t waiting to see what hand they’re dealt.
Observers report brisk action in residential and commercial real estate markets in Everett, Revere, and nearby communities. Many hope to line up a winning hand, it seems, before the Massachusetts Gaming Commission awards a casino license for one site in eastern Massachusetts.
“It’s like “Game of Thrones:” Everybody is positioning themselves behind the scenes,” said Gerry D’Ambrosio, a Boston attorney who represents developers and communities north of Boston. Commercial real estate deal-making “is the most active I’ve seen it in 20 years.”
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