Gate Residential Opens Marketing Center and Begins Pre-Leasing at New 500 Ocean Avenue Community in Revere

August 15, 2019

The 305-unit premium lifestyle community features Dryft onsite restaurant;
Located on Revere Beach and adjacent to the MBTA’s Blue Line


(Revere, MA) – August 14, 2019 – Gate Residential Properties announced today that it is pre-leasing apartments at the new marketing center for 500 Ocean Avenue, a luxury lifestyle community that is located just steps from the beach and the MBTA Blue Line in Revere.

The premium living community – to include 305 apartments in studio, one-, two-, three-bedroom and two-story loft configurations – will also feature Dryft, the most exciting and anticipated new restaurant along Revere Beach in years. The 500 Ocean Avenue property is just 14 minutes to downtown Boston via the MBTA’s Wonderland stop on the Blue Line, which is adjacent to the site.

“We’re incredibly excited to have begun pre-leasing at 500 Ocean Avenue, which is a further extension of the premium lifestyle we are creating all along the Revere Beach corridor,” said Damian Szary, a principal at Gate Residential. “This property features top-of-the-line amenities, and with the inclusion of Dryft we’re confident that 500 Ocean Avenue will become a cornerstone feature of the dynamic beach living experience available in Revere today.”

Restaurateur Michael Aldi is creating Dryft – featuring seafood inspired dining with an Italian influence – as construction continues at 500 Ocean Avenue. A grand opening is planned in September with seating for 140, including 16 seats at the interior bar and another 12 seats facing the ocean. An additional 100 seats are planned for a large outdoor bar area to be added in 2020.

“We really looked at the location and the people in the area as we designed our menu. And our creative cocktail program we think will be really special,” Aldi said. “Our build-out at Dryft is somewhere along the lines of Miami meets Boston – with of course the tremendous advantage of having Revere Beach at our doorstep! It’s such an exciting time to be part of the growth in Revere and contribute to enhancing the dining and nightlife options for residents.”

The Dryft dining experience will feature a premium raw bar and classic New England seafood selections. Italian-influenced pasta dishes will also complement the seafood theme, as well as steaks, poultry and fresh local vegetables.

“It’s a real pleasure working with Michael and his entire team, and we know they are creating a dining experience that will help define today’s premium Revere Beach living,” said Szary from Gate Residential.

Designed by Arrowstreet, 500 Ocean Avenue takes advantage of its beachfront location with a variety of amenities – including an outdoor lap pool with a lounging area, indoor and outdoor gaming activities and a dynamic fitness concept with outdoor yoga space. The community also features oversize windows and a beautiful, all-season roof deck with unobstructed views of the Atlantic Ocean. Other amenities include onsite doggie daycare, a fully equipped co-working space with a coffee bar, indoor lounge and refreshment station and clubroom with a bar.

The development of 500 Ocean Avenue adds to the growing momentum currently underway in Revere and along the Blue Line corridor, which includes the development of three new waterfront hotels, new luxury residential housing and other amenities. Gate Residential’s One Beachmont community recently completed leasing all of its units. The Boston-based company is also developing Ryder located at 21 Revere Beach Boulevard and other properties along the MBTA Blue Line.
“Revere is a historic and growing city that is home to America’s first public beach and is located just minutes to downtown Boston and Logan Airport,” said Kyle Warwick, also a principal of Gate Residential. “We know first-hand what the level of excitement and interest is for this type of living, because the response from residents and interested parties has been overwhelming for our other communities.”

As a leading Boston-based developer, Gate Residential creates vibrant apartment communities in targeted urban areas near highly desirable employment and university markets that are easily accessible by public transportation. Founded in 2010, Gate Residential Properties, LLC is the multifamily development and investment arm of Redgate Holdings, LLC.
About 500 Ocean Avenue
An oceanfront property located just steps from the MBTA Blue Line, 500 Ocean Avenue is a residential community that features 305-units, including studio, one-bedroom, two-bedroom, three-bedroom and two-story loft apartments. 500 Ocean Avenue allows residents to experience a luxury urban lifestyle steps from the ocean and just minutes from downtown Boston. For more information, visit

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