Boston-based real estate developer and investor Redgate started pre-leasing last week at Gibson Point — a 291-unit multifamily property under construction on the North Shore waterfront in Revere, Massachusetts, designed to foster a holistic wellness living experience.
The building, designed by Boston architect Arrowstreet, will form a ring of residential spaces with staggered and angled roof lines surrounding a central courtyard and pool. A river terrace walking path will run between the building and the waterfront, leading to the retail spaces on the ground level, including an on-site restaurant.
Gibson Park is located next door, providing residents access to tennis, pickleball and basketball courts; a multipurpose sports field; a community garden; a kayak and rowing launch; and an upcoming community boating center.
The units themselves — which range from studios to three-bedroom apartments — will feature stainless steel appliances, high ceilings, work-from-home nooks and private terraces or balconies. Certain units will have waterfront views.
Wellness-focused amenities will include a fitness center with strength and cardio equipment, an indoor-outdoor studio designed for yoga and barre training and a sauna and cold plunge pool. An after-workout recovery room will offer leg compression boots, foam rollers and massage guns and loungers. A digital spa platform will allow residents to sign up for services such as massages and facials.
The coworking setup will include 11 private work areas, both indoor and outdoor, with standing treadmill desks and walking pads available for use. An upper-level lounge will offer an indoor/outdoor bar, kitchen and deck with views of Boston and the water.
Residents will also have close access to highway Route 1A and to the Boston Logan International Airport, and will be able to take advantage of an in-house electric shuttle to nearby attractions, including the Wonderland T public transit stop and Revere Beach.
Tours of Gibson Point’s units will begin in June, and move-ins are expected to begin in September. Charleston, South Carolina-based multifamily firm Greystar is managing the property.
Interest in wellness-focused real estate has risen dramatically on a global scale in recent years, both from consumers and from developers and investors. Yearly expenditures on wellness real estate rose from $225 billion in 2019 to $438 billion in 2023, according to a report from the Global Wellness Institute — of which U.S. projects make up the largest share at $181 billion.
“There are demand drivers that are in place today like never before,” said Teri Slavik-Tsuyuki, principal at Encinitas, California-based marketing firm tst ink. “There’s high, high consumer awareness. Wellness is a priority. People are placing value on it, and it’s generating value for real estate investors and owners. The time is now.”
