The HYM Investment Group, LLC

A misleading headline. With a total investment of approximately $600M on the site to date, the redevelopment of Suffolk Downs is certainly not “on hold indefinitely”. However, this article does a good job in highlighting a key issue being felt across our industry: high interest rates and costs of labor and materials are making housing projects across the state incredibly difficult to finance. While HYM continues to work on key infrastructure and commercial pieces across the 161-acre site at Suffolk Downs, we look forward to working on creative and collaborative solutions with the State and our partners to break ground on the next units of much needed housing.

HYM is hiring! We are looking for qualified candidates for a Development Associate position. The ideal candidate has 1-3 years of experience with real estate development including financial and proforma analysis, due diligence, project management, site acquisition, land use permitting & entitlements, market research and project financing. Please share this opportunity with anyone who may be a fit, all resumes and inquiries for a formal job description can be emailed to careers@hyminvestments.com

In partnership with Cathexis and @National Real Estate Advisors, we’re thrilled to announce that pre-leasing at Amaya, the first residential building at Suffolk Downs, has begun! The 475-unit project located in Beachmont Square (and ~200 feet from the Beachmont T stop) will include over 34,000 SF of state-of-the art amenities, 24,000 SF of dynamic ground-level retail offerings, and a variety of spacious and modern studio, one-bedroom, and two-bedroom units. Discover more at liveamaya.com 

Boston Business Journal’s “10 real estate projects to watch in Boston in 2024” include two of our own! Beginning in Revere, Suffolk Downs will be delivering its first, 100% all-electric, residential building, Amaya, this summer in partnership with National Real Estate Advisors. Amaya’s 475 units will be the first of the expected 10,000 residential units within the mixed-use development. In Roxbury, we’ve continued our work with My City at Peace and a team of Boston and Roxbury’s next generation of black, brown, and women entrepreneurs at Parcel 3. With a signed term sheet with the BPDA, this year we look forward to securing financing and continuing our work on the Article 80 submission. Read more in the BBJ here: https://lnkd.in/gZTXQByq

Please join us in congratulating John Hurley on his promotion to Partner at The HYM Investment Group. Since joining HYM in 2012, Hurley’s strategic vision, leadership, and commitment to excellence have been instrumental in the successful execution of some of our region's most transformative real estate projects. Congratulations, John, we look forward to your continued dedication to our team and the communities we serve. Read more on HYM's blog:

Last night, the P3 Roxbury team was honored to attend the Caritas Communities Annual Housing for All Gala. Reverend Jeffrey L. Brown , Co-Founder of My City at Peace and Thomas O'Brien, Managing Partner and Chief Executive Officer of The HYM Investment Group, received the P. Leo Corcoran Humanitarian Award in recognition of their ongoing commitment to the Greater Boston community and to creating accessible housing and homeownership opportunities. Joseph D. Feaster, Jr. was also recognized as a Co-Chair of the event. Thank you, Caritas team, and all those involved for your ongoing commitment to providing safe, secure housing options for those in need. 

Yesterday, HYM was honored to host Governor Maura Healey, Lieutenant Governor Kim Driscoll, Economic Development Secretary Yvonne Hao and Housing & Livable Communities Secretary Ed Augustus on site at Suffolk Downs as they announced $164 Million in funding for economic development projects across the state through Community One Stop for Growth. This announcement delivers funding from 13 state grant programs that will help create 8,000 new housing units, 10,000 jobs, and 5.4 Million SF of commercial development across Massachusetts. Along with elected officials and the labor community, we were honored to be joined by Revere Mayor Patrick Keefe as Revere was a recipient of a MassWorks award for the redevelopment of Suffolk Downs, as well as a Housing Choice program grant. These investments will help not only Revere, but cities and towns across the state, unlock projects that will make a difference in the lives of its residents. Photo Credit: Josh Qualls, Office of Governor Maura T. Healey

The HYM Investment Group is proud that our Managing Partner and CEO Thomas O'Brien was asked to speak at Office of Massachusetts Governor Maura Healey and Lt. Governor Kim Driscoll's $4.1 Billion Bond Bill Announcement today. The importance of this historic investment in solving the Commonwealth's housing crisis cannot be overstated. We were honored to be there alongside so many housing advocates, policy leaders, business organizations and developers who are working together to get the Affordable Homes Act passed by the Legislature.

We would like to extend our gratitude to the East Boston Social Centers for inviting HYM to be a part of the celebration at their 5th annual Joy:Us event last week. Congratulations to HYM’s Managing Partner and Chief Executive Officer, Thomas O'Brien and fellow honorees Debra Cave and Elsa Flores. Thank you to the honorees for working to build an inclusive community of joy in East Boston and proving that when all give, all gain.

Last week we celebrated the grand opening of Boston’s newest trophy office tower, One Congress. Standing six-hundred-feet tall, One Congress is the largest new office delivery in Boston this year and the city's first LEED-Platinum-certified office tower over one million square feet. Alongside our partners at Carr and National Real Estate Advisors, we would like to extend our gratitude and congratulations to the design teams of Pelli Clarke & Partners and CBT Architects, the team at John Moriarty & Associates, and the many women and men who built this building and made this monumental achievement possible. Read more via the Boston Business Journal: https://lnkd.in/ed8ehAzr