Gate Residential Signs Deal with Top Restaurateurs

January 29, 2019

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Chase Schaub | | 617-646-1046

Gate Residential Signs Deal with Top Restaurateurs

Bringing Continued Urban Vitality to Revere’s Waterfront

New contemporary restaurant and bar concept coming to historic Revere Beach

Revere, MA (December 4, 2018) – Gate Residential announced today it has signed a lease with restaurateurs John and Michael Aldi to open a 5,000 square foot establishment located on the Revere Beach waterfront.

The contemporary restaurant and bar concept – located at Gate Residential’s 305-unit, mixed-use project under construction at 500 Ocean Avenue – will feature outdoor plaza seating, a creative menu and cocktail program and a lively oceanfront dining experience. The planned restaurant and bar adds to the growing economic momentum currently underway in Revere, which includes the development of three new waterfront hotels and new luxury residential housing.

“Today’s announcement is another indication of the tremendous economic growth underway in our city, and the growing recognition of Revere as a destination with so much to offer,” Revere Mayor Brian Arrigo said. “We can’t wait for Revere residents and visitors to have access to this new dining experience — the location, ease of transit and natural beauty of our waterfront really can’t be matched.”

John and Michael Aldi are investors and operators of several premier restaurants in Connecticut and Massachusetts, including two restaurants at Mohegan Sun in Connecticut, The Reel House in East Boston, Pier 6 in Charlestown and MIJA Cantina & Tequila Bar in Faneuil Hall.

“Revere Beach is a one-of-a-kind location and one of the most storied beaches in America, and this restaurant and craft bar will offer customers great dining in a beautiful setting,” said John Aldi. “We think the space will be a great new amenity that will attract residents and individuals throughout the area.”

The Aldis’ restaurant will be conveniently located on the MBTA Blue Line, easily accessed by those living along the Revere Beach corridor, including at Gate’s other 195-unit luxury community, One Beachmont, which is currently pre-leasing.

“We’re thrilled to announce what we know will be a tremendous addition to the entertainment and dining scene in Revere,” said Damian Szary, a principal at Gate Residential. “Beachfront dining experiences are highly sought after, and we’re pleased that this exciting restaurant will be opening at American’s oldest public beach next year.”

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.



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