Wynn invests USD 100M on land near Everett casino

Speaking at a Greater Boston Chamber of Commerce event, the casino mogul said, “We’ve spent over $75 million as of today ... on our way to $90 (million), to buy real estate that has nothing to do with the casino development. It’s property that we’re buying so that we can turn Everett into a great example of America, of how a business can change a neighborhood.”

The properties Wynn is eyeing are in a small cluster near the entrance of the casino, and include both commercial and residential properties. Public records show just a fraction of the $75 million in finalized sales, but a Wynn executive is listed as the sole signatory for subsidiary corporations on public documents filed with the Massachusetts Secretary of State’s office.

Wynn has registered 13 of these subsidiaries in the past six months, including one as recently as Oct. 12. Wynn, which is targeting properties on Lynde, Mystic, Bow and Thorndike streets, has already bought a handful of properties on Lynde and Mystic streets.

“Like any prudent developer, we have a responsibility to invest in our host community and play an active role in what will be built around us,” Wynn Boston Harbor President Robert DeSalvio stated. “We’re studying different options for the sites and will work closely with the city of Everett to bring even more vitality to lower Broadway.”