Developers broke ground on Portico, a 473-unit mixed-use multifamily building that’s the latest addition to the large-scale Suffolk Downs redevelopment of Revere and East Boston.

From HYM Investment Group, Cathexis Holdings, LP, the City of Revere, Related Fund Management and Suffolk, Portico joins Amaya, which was the first residential project built for Suffolk Downs.

Once complete in 2028, Portico will feature studio, one-bedroom and two-bedroom floorplans and 33,000 square feet of ground-level retail space. Residents will have access to a 15th-floor sky deck with ocean views, a lounge with a kitchen, a terrace overlooking Beachmont Plaza and a courtyard. Inside, Portico will offer a fitness center, recording pods, coffee bar and private work stations.

“Today’s groundbreaking at Portico reminds us of why both families and businesses invest in Revere,” Revere Mayor Patrick Keefe said in a press release. “With our scenic coastal geography, convenient access to public transit and competitive market value, there is clear incentive to plant roots and grow in Revere. Portico will deliver the needed housing, economic activity and renewed energy to a neighborhood that is central to Revere’s progress.”