Redgate Capital Partners, recognized for transformative waterfront development in Revere, MA, priorities wellness, environmentally forward design, including a 5,700 SF Living Roof, and community amenities via improvements to Gibson Park and destination on-site restaurant, Mila’s, by Restaurateur Michael Aldi
Redgate Capital Partners, the investment arm of the leading real estate advisory and owner’s project management firm Redgate, announced today that Gibson Point was recognized by Costar’s Impact Awards as 2025 Multifamily Development of the Year in the Boston market. The award accentuates Gibson Point’s focus on personal wellness as well as environmental and community impact, which make it a model for future residential projects.
Gibson Point is a destination community consisting of 291 luxury apartment residences. The property is on a picturesque waterfront setting that delivers new community amenities to Revere within Gibson Park, and a highly anticipated restaurant for all to enjoy, Mila’s, by Restaurateur Michael Aldi. The development sets a new standard for wellness-focused living as the first development of its kind to deliver such a comprehensive wellness package that is specifically designed to support residents’ physical and mental health and overall well-being. Gibson Point is also home to one of the largest living roofs on a residential building in New England at 5,700 SF.
“It is rare to find a site like Gibson Point – a tranquil peninsula, with views of the Boston skyline that is proximate to Revere Beach, Boston, and public transportation – we knew we had identified a gem with much potential in a dynamic area,” said Damian Szary and Kyle Warwick, Principals of Redgate. “We’re extremely proud of the wellness sanctuary and waterfront destination that we’ve created at Gibson Point and are greatly appreciative of the recognition from CoStar.”
In 2022, Redgate saw an opportunity to transform an underused and long-abandoned waterfront site in Revere, MA, into a vibrant community — Gibson Point. With groundbreaking wellness amenities like thermal cycling featuring cold plunge pools and sauna, as well as forward-thinking sustainability design elements such as the Living Roof, Gibson Point offers a living experience that goes beyond traditional multifamily communities. Nestled on a tranquil peninsula with stunning views of the Boston skyline, Gibson Point offers the best of both worlds—a picturesque setting with outdoor amenities, including tennis and basketball courts, at the newly delivered Gibson Park, and onsite dining at Mila’s, along with the convenience of being just seven miles from Boston. Residents also enjoy a complimentary shuttle to Wonderland and easy access to Revere Beach, minutes away.
The CoStar Impact Awards recognize exemplary commercial real estate transactions and projects completed in 2024 that have significantly influenced neighborhoods or submarkets across 129 major international markets in the United States, Canada, and the United Kingdom. The awards honored over 340 winners for their CRE transactions across five categories: Lease of the Year, Sale/Acquisition of the Year, Commercial Development of the Year, Multifamily Development of the Year and Redevelopment of the Year. Winners—chosen for their growth, diversification, and ability to overcome unique challenges in their markets—were selected from a panel of more than 660 industry professionals drawn from each respective market.
“Each year, the CoStar Impact Awards celebrate commercial real estate professionals that are introducing innovative and transformative projects and transactions in the industry,” said Lisa Ruggles, Senior Vice President, Global Operations at CoStar Group. “We received an incredible number of submissions this year and enlisted a diverse panel of judges across each market to identify the most impactful projects shaping the commercial real estate landscape. Congratulations to all the winners for their efforts to transform the industry and the communities they serve.”
To learn more about the CoStar Impact Awards and review the full list of winners, visit www.CoStarImpactAwards.com/.
About Redgate
At Redgate, our mission is to enrich lives and communities by unlocking the power of real estate. Founded in 2010 and active in New England, the Mid-Atlantic, and North Carolina, we invest in, advise on, and manage real estate projects throughout the East Coast. Through customized owners’ representation and strategic advisory services, our team has helped corporations, healthcare and higher education institutions, and investors solve the most complex real estate challenges. As an investment manager, project sponsor, and operator, Redgate pursues an opportunistic strategy that delivers attractive, risk-adjusted returns to equity investors in the multifamily, life sciences, and industrial real estate sectors in priority high-growth markets. For more information, visit www.redgate-re.com.
About CoStar Group
CoStar Group (NASDAQ: CSGP) is the global leader in commercial real estate information, analytics, and online marketplaces. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group’s industry-leading brands include STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 134 million average monthly unique visitors in the fourth quarter of 2024, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
