March 26, 2015 Leave a comment
Seth Daniel | Revere Journal
Owners of the Wonderland Ballroom have retained a broker and are marketing the property actively, with residential transit-oriented development as a focus.
TR Advisors of Boston has been retained as the broker for the Wonderland Ballroom site, as plans for the once-talked-about 196-room hotel for the site have been abandoned.
“Our thinking really is in terms of this being a residential model property and the c to the MBTA rapid transit Blue Line to provide an ease of living that doesn’t creep into the current Boston rental rates that folks are paying,” said Phil Jean of TR Advisors. “Part of the additional value is that you are at beautiful Revere Beach and development is coming now on the Beach side of the property and also across the street the Wonderland Dog Track is in a Master Planning process or will soon be undergoing that process. In our view, the Ballroom property, given its situation and proximity to the MBTA site, affords it a very unique and exciting development opportunity.” Read more