Development

Investment Firm Purchases Nearly 100,000 Sq. Ft. Facility in Watertown

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Calare Properties, a private, Massachusetts-based investment firm with a focus on industrial real estate, announced this week that it has purchased a 94,268 square-foot mixed-use facility for $11 million. The facility located on 5 acres at 20 Seyon St. is currently 100 percent occupied, according to an announcement from Calare. The seller was represented by Bill Moylan, Chris Angelone, John Meador, and Bruce Lusa of CBRE|New England in the transaction. “20 Seyon is an attractive investment for Calare that we believe will provide stable, long-term cash flow and a strong risk-adjusted return,” commented Andrew Iglowski, director of Calare.

Development

East End Residents Worry Traffic from New Project Will Overwhelm Neighborhood

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The former Verizon building has an Arsenal Street address, but it sits right against Nichols Avenue so developers would like to open an entrance on that street – a plan that has East Watertown residents worried. Representatives from Boylston Properties revealed plans to turn the former truck facility into office space for tech companies on Wednesday evening. The building would have 185,595 sq. ft. of office space with 565 parking spaces, including a one-story parking deck.

Development

LETTER: Neighbors Respond to Athenahealth’s Proposal for Arsenal Complex

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An open letter from the North Beacon Street Neighbors to Athenahealth and the Town Council:

Thank you for the meeting last Tuesday night. The attendees have had further discussions and we have reached a consensus on what we’d like to see happen next. We appreciate your hard work on reducing the footprint and height of the garage. However, the only way to seriously gauge the effects of this garage on our neighborhood and town is to see how it fits in with an official Master Plan for the whole property. In detail:

1.

Development

Developers to Reveal Final Design of Apartments at Irving & Arsenal

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See the design of the apartment complex at the corner of Irving and Arsenal streets submitted to the Planning Board by Greystar. The project that will go on the former Pirolli brick yard has been following the recommendations of the Watertown design standards and design guidelines, and will include around 270 apartments along with space for stores and a restaurant. The meeting will be held Tuesday, Feb. 24 from 6-8 p.m. at the Watertown Police Station Community Room. Developers Greystar Real Estate Partners and Oaktree FX have periodically met with residents to show designs and get feedback.

Development

LETTER: Resident Worries CVS Will Erode Character of Coolidge Square

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Editor,

I am unbelievably disappointed that the Town of Watertown appears to be intending to go ahead with plans for a 13,000 sq. foot CVS in Coolidge Square. Such a decision would begin the erosion of the last vestige of true Watertown character that is left here. I bought a house in Watertown over 30 years ago, after returning from a year+ spent in Greece on a fellowship. On one of my first trips to an Armenian market in Coolidge Square, I saw some refrigerated cheese that reminded me of a fabulous village cheese I had eaten daily in Crete.

Development

Traffic Concerns Hold Up Plans for Old GE Site on Grove Street

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Neighbors and members of the Planning Board like most parts of the plan to redevelop the GE Ionics site on Grove Street, but the traffic plans upset neighbors and the board, alike. Developer Cresset Grove LLC proposes to reduce the size of the existing building at 65 Grove St. and create a 134,000-square-foot office and research facility, with a multi-story garage. “The proposal encompasses an exciting facelift to an older structure which we think really reinvigorates the structure and reinvigorates the site itself,” said Bill York, the attorney representing the developers. The site has been unused since 2010 when GE move out.

Development

LETTER: Resident Calls for Resignation of ZBA After CVS Vote

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Councilors,

On January 28, a discouraging event in town governance occurred here in this chamber. Against the wishes of 400 hundred Watertown residents who signed a petition; in disregard of the testimony of approximately 40 East End neighbors; against the advice of the Planning Board; contrary to the expressed goals of the Comprehensive Plan; but in accordance with the advice and counsel of Town Planning staff, the Zoning Board of Appeals voted 5-0 to approve a special permit for a proposed CVS project that a preponderance of Watertown residents feel detrimental to Coolidge Square and the East End in general. This decision is one in a long history of poor development decisions in Watertown that can fairly be described as acts of municipal self-mutilation. Many residents feel that the character of Watertown is being destroyed project by project. This dysfunction must end now.

Development

Meeting Planned to Discuss Renovating Verizon Building in the East End

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Boylston Properties will discuss plans to renovate and expand the Verizon building in East Watertown at a public meeting. 

The building at 480 Arsenal St., which backs up to Nichols Avenue, will be turned from a warehouse to offices. It will have a total of 185,000 square feet of office space “by carving out and adding to the existing building footprint, and inserting a floor within the existing structure,” according to the announcement sent out by Boylston Properties. Additional improvements included in the project are “connections to the Watertown Greenway, large amenity and open spaces, and a reconstructed parking field with upgraded stormwater management and infiltration systems.” The main access to the building will continue to be at the signalized intersection at Arsenal Street, according to the announcement, with a secondary access and improvements along Nichols Avenue. At the meeting on Wednesday, Feb.