Baystone Development, a Weston, MA-based real estate developer and investor and the team behind the development of Cronin’s Landing and Longview Place, has secured $50 million in construction financing for the development of a new 234-unit apartment complex in Revere, MA dubbed Beach House.

The community will break ground directly across from Revere Beach roughly 5.5 miles north of Boston. It will provide prospective residents panoramic views of…