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Council wants Ocean Club, Eurovest update

REVERE – “Progress” is the operative word for City Councilors who meet at 5 p.m. tonight to discuss plans for the Ocean Club and Eurovest developments on Revere Beach.Councilor at Large Daniel Rizzo and his colleagues want an update on Eurovest’s plans to build a public plaza near the Wonderland Blue Line station and a hotel as part of its first beachfront construction phase.The company, led by Revere resident Joseph DiGangi, wants to build 902 condominiums, offices, shops, commercial space and a hotel around Wonderland.Eurovest plans to build the $485 million project over 13 years, but a plan to include a hotel in the early phases meets councilors’ hopes for the project to draw tourists to Revere Beach.The firm’s plan also includes building 300,000 square feet of retail space including restaurants, a 12,000 square foot cultural area and 145,000 of office space, as well as two garages with 2,100 parking spaces.The city has spent the last several months working with Eurovest to secure the necessary permits to allow construction to begin. The permits cover construction, environmental and other concerns related to the project.Rizzo’s Economic Development Subcommittee also wants an update on developer Steven Fustolo’s plans.Fustolo announced last October he planned to start work on his 12-story residential project in November. Councilors praised his plans when he unveiled them in June 2006 and listened appreciatively as his sales representative described his successes in pre-selling Ocean Club’s condominiums.In a letter last fall explaining his project delays, he said traffic restrictions on Revere Beach Boulevard due to construction delayed the start of work on Ocean Club.His $100 million project includes a 12-story main building and two residential towers n one 12 stories, the other, eight. A large amount of glass would be used in construction to provide ocean views for most of the residents in the 242 condominiums.A third major development proposed by Richard Clayman at 320-328 Boulevard tentatively includes 172 condominiums.

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