Watertown News (https://www.watertownmanews.com/category/business/page/41/)
Check out the open houses in town this weekend. $829,000 – 14-16 Dwight St., Multi-family Home – 2 Family – 2 Units Up/Down 2,320 Living Area Sq. Ft., 2 Units, 11 Total Rooms, 4 Total Bedrooms Open House: Sunday 12-1:30
$439,000 – 290 Pleasant St. Unit 106, Condo – Mid-Rise, 761 Living Area Sq. Ft.
Businesses can now apply for federal Paycheck Protection Program (PPP) loans. Applications can be sent to banks. The loans can be forgiven if 60 percent of the funds are used for payroll. In the first round, the loans could only be used for payroll and rent, but the list has been expanded and now includes employee health benefits, mortgage interest, utilities and expenses that are essential to business operations. Some changes have been made to the program, according to this Forbes magazine story.
A view of the proposed life sciences building at 66 Galen Street viewed from Galen Street. Plans for an a new life science building on Galen Street near Watertown Square got praise from the Planning Board for taking steps to address traffic in the area, improving public transportation and creating green space for public use. The board voted unanimously on Jan. 13 to support Boston Development Group’s project at 66 Galen St., which includes the former Colonial GMC dealership and sits next to the MBTA’s Watertown Yard. On Jan.
Five Watertown condos were sold this week. $615,000 – 104 Coolidge Hill Road Unit 14, Condo – Townhouse, 1,763 Living Area Sq. Ft., 6 Room, 2 Bedroom, 2 Full & 1 Half Bathroom
$592,000 – 29 Palfrey St., Condo – Townhouse, 1,400 Living Area Sq. Ft., 7 Room, 4 Bedroom, 1 Full & 1 Half Bathroom
$353,000 – 26 Carey Ave. Unit 8, Condo – Low-Rise, 600 Living Area Sq.
See this week’s Watertown open houses. $899,900 – 764 Belmont St. Unit 1, Condo – Townhouse, 2,280 Living Area Sq. Ft. (Includes Finished Basement), 8 Room, 3 Bedroom, 2 Full & 2 Half Bathroom, Open House: Sunday 11-12:30
$2,600,000 – 152 Cypress St., Multi-family Home – 3 Family – 3 Units Side by Side, 6,502 Living Area Sq.
A biotech manufacturing center will be created in this building in the Arsenal on the Charles. The Massachusetts Center for Advanced Biological Innovation and Manufacturing is a joint effort between Harvard, MIT, area hospitals and biotech firms.
Harvard University is coming back to the Arsenal on the Charles, this time teaming with MIT, local hospitals and corporate sponsors to create a biotech manufacturing center in the former U.S. Army Arsenal. The new center will be called the Massachusetts Center for Advanced Biological Innovation and Manufacturing, and will be located in 40,000 sq. ft. of a building located off North Beacon Street in the complex.
Small businesses can start applying for the latest round of federal Payroll Protection Program. PPP loans available for businesses that did not get the grant in the first round, and the application process began on Jan. 11. Also, businesses that got PPP in the first round can apply for the Second Draw can begin applying on Jan. 13.
The Watertown Business Coalition has two upcoming virtual events to discuss promoting the different neighborhoods around Town, and creating a Cultural District. The group welcomes the ideas and input from businesses and residents. Neighborhood Identities
The effort to create stronger neighborhood identities emerged as an idea to boost local businesses during the challenging times of the COVID-19 pandemic and moving forward. A virtual meeting will be held on Wednesday, Jan. 20 from 8:30-9:30 a.m.
The event announcement said: “We will discuss ways we can rally around the idea of creating neighborhood identities and promote businesses and the communities within those neighborhoods.