By Josh Resnek
Dozens of pieces of heavy construction equipment and hundreds of excavation experts, foundation professionals, cement pourers and pipe and drain layers, are working furiously on tight schedules preparing two major building sites on the Revere Beach Parkway for another 1,400 units of upscale apartment housing.
The twin developments represent about $750 million or more in new construction worth tens of millions in new tax revenues, hundreds of millions in wages paid and goods purchased, with the final result, another major league addition to the city’s housing stock.
Thousands of new units have been here during the past decade, with the bulk of the new construction coming during the past five years.
The new construction has changed the face of the city.
It has modernized the city’s aging housing stock dramatically, so much so, that some projects, especially along the Parkway, have reinvented the city as it faces a bold new era.
The past is prologue in Everett during this decade.
The profusion of new capital being invested here in housing has turned the image of the city upside down.
There are an estimated 3,000 -5,000 new residents living here as a result of the building development boom.Continue reading “NEW CONSTRUCTION ROCKING THE CITY EVERYWHERE”