Watertown News (https://www.watertownmanews.com/category/business/page/39/)
The building at 580 Pleasant St. will be renovated to create lab space for life science companies. A building on Pleasant Street will be gutted and renovated to create biotech lab space. The 145,000 sq. ft.
Five condominiums and a multi-family home sold this week in Watertown. $720,000 – 13 Church Hill St. Unit 13, Condo – Townhouse, 1,923 Living Area Sq. Ft. (Includes Finished Basement), 6 Room, 3 Bedroom, 2 Full & 1 Half Bathroom
$592,500 – 17 Woodleigh Unit 2, Condo – 2/3 Family, 1,709 Living Area Sq.
A view of the life sciences building at 66 Galen St. approved by the Zoning Board of Appeals. This view is from Galen Street. The following piece was provided Boston Development Group:
Following months of planning discussions and community meetings, Boston Development Group (BDG) has received approval from the Watertown Zoning Board of Appeals (ZBA) Thursday for a proposed life sciences development at 66 Galen Street in Watertown, Massachusetts. Boston Development Group (BDG), a multifaceted investment management and real estate development firm, plans to build a major life science campus comprised of two phases totaling nearly 450,000 SF of Class A Office/ R&D LAB.
The following release was provided by the U.S. Department of Justice:
A national electronic health records (EHR) technology vendor based in Watertown, Massachusetts, athenahealth Inc. (Athena), has agreed to pay $18.25 million to resolve allegations that it violated the False Claims Act by paying unlawful kickbacks to generate sales of its EHR product, athenaClinicals, the Justice Department announced today. In a complaint filed in conjunction with today’s settlement, the United States alleged that Athena violated the False Claims Act and the Anti-Kickback Statute through three marketing programs. First, Athena invited prospective and existing customers to “Concierge Events,” providing free tickets to and amenities at sporting, entertainment, and recreational events, including trips to the Masters Tournament and the Kentucky Derby with complimentary travel and luxury accommodations, meals, and alcohol. Second, Athena paid kickbacks to its existing customers under a “Lead Generation” program designed to identify and refer new prospective clients to Athena. Under this program, Athena paid up to $3,000 to existing customers for each new client that signed up for Athena services, regardless of how much time, if any, the existing customer spent speaking to or meeting with the new client. Finally, Athena entered into deals with competing vendors that were discontinuing their EHR technology offerings to refer their clients to Athena.
A rendering of what the nine-story 100 Forge building at Arsenal Yards will look like. Developers are creating 165,000 sq. ft. of space for biotech companies. The following announcement was provided by Boylston Properties:
Boylston Properties, a Boston-based developer of mixed-use destinations, and institutional investors advised by J.P. Morgan Asset Management, announced a joint venture agreement to proceed with plans to construct 100 Forge, a nine-story 165,600-square-foot lab building at Arsenal Yards in Watertown.
See this week’s Watertown open house list. $449,000 – 264 Lexington St. Unit 264, Condo – Townhouse, 1,072 Living Area Sq. Ft., 6 Room, 2 Bedroom, 2 Full Bathroom, Open House: Saturday, 11:30-1
$584,900 – 194 Watertown Unit 194, Condo – 2/3 Family, 1,425 Living Area Sq. Ft., 6 Room, 2 Bedroom, 2 Full Bathroom, Open Houses: Saturday 12-2 Sunday 12:30-2:30
$495,000 – 15 Adams St.
Roche Bros. will be opening a location at Arsenal Yards in Watertown, and the store is hiring hundreds of employees. Roche Bros.’ Head of Recruitment, Andrew Coletti, said the store has begun looking to hire people in a variety of roles at the new store. “We are hiring over 200 people for our new Watertown Store,” Coletti said.
Building 1 is one of the new additions to the Arsenal on the Charles proposed to be built by the new owners. The following information was provided by Alexandria Real Estate Equities:
Please join Alexandria Real Estate Equities, Inc. (ARE) for a review and discussion on conceptual plans for the Arsenal on the Charles (AOTC) campus, which ARE purchased from Athena Arsenal, LLC in late 2019. The purpose of these meetings will be to present and discuss ARE’s proposed plans to redevelop AOTC into a collaborative and innovative campus including life science, office, retail, and community uses, as well as publicly accessible open spaces and streetscape improvements. Discussion will highlight the changes from Athena Arsenal LLC’s previously approved Campus Master Plan Special Permit and Site Plan Review (PB-2016-01) as well as conceptual designs for the new buildings and the associated public realm including pedestrian and bicycle connectivity tothe adjacent neighborhoods. (note: postings will be available online prior to the first meeting)
An overhead view of Arsenal on the Charles, showing the proposed new additions: Building 1, Building 2, the Connector and Site D.
We will be hosting two community information meetings: one on February 3rd, and the other on March 11th.