Development

City Releases Detailed Draft of the Watertown Square Redevelopment Proposal

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Following Monday’s public roll out of the Demonstration Project, on Wednesday the City of Watertown released the detailed, 163-page draft of the redevelopment project proposed to go on the parking lot behind CVS in Watertown Square. See the announcement from the City, below. Read the Demonstration Project Plan Draft

The City of Watertown has officially released the drafted Watertown Square Demonstration Project Plan for the community to engage with, ask questions, and provide comments. The Demonstration Project lays out a series of strategies, methods, and techniques that chiefly aim to eliminate blight in a given area by offering a new, improved opportunity for development. The area that the Demonstration Project focused on is the public parking lot behind CVS near Watertown Square and a series of the surrounding parcels between Spring Street, Summer Street, and Church Street. We encourage those interested to watch the presentation given by City Manager George Proakis on April 6, 2026, introducing the plan and giving a detailed overview of what is possible in that area of the Square. The Demonstration Project is the first step in a greater Revitalization Plan, which is a legal process, regulated by the Commonwealth of Massachusetts, that communities undertake to investigate an area and determine the development potential of parcels and the steps required to implement the redevelopment vision.

Development

First Details of Redevelopment of Watertown Square Parking Lots Revealed, Including Garage & Residential Project

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Watertown City Manager George Proakis gave some details about a possible Demonstration Project on the Municipal Parking Lot in Watertown Square. (Photo by Charlie Breitrose)

Monday night, the public got the first glimpse of a possible future for the parking lot behind CVS, the Armenian Museum of America and other businesses in Watertown Square, and it may include a multi-story garage built by the City and a residential building constructed by a private developer. City Manager George Proakis spoke to a packed room at the Watertown Free Public Library. He discussed a variety of topics, including how the Watertown Square planning got to Monday’s meeting, designing the new look intersection, and the main event: the Demonstration Project that would be built on the Municipal Parking Lot. Due to constraints, such as the City of Cambridge’s water supply line that runs under the parking lot, Proakis said the likely layout would be to put the garage on the area in back of the Armenian Museum of America.

Real Estate

A Dozen Homes Sold in Watertown This Week

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Watertown’s home sales included half a dozen condos, two single families, a pair of townhouses, a two family and a three family home. 38 Brandley Road #0, $1,004,000, 3 bedroom 2 bathroom 1,630 sq. ft. Condo

172 Westminster Ave. #172, $1,825,000, 4 bedroom 5 bathroom 4,469 sq.

Around Town

Hear How Watertown is Prepping for a Big Summer of Tourism in 2026 at Watertown’s Open

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Little Local Conversations, the Watertown Business Coalition, and the City of Watertown’s Economic Development department present a panel discussion on Summer Tourism 2026 on April 7. Watertown’s Open is a series of live podcast events that bring local businesses and local business advocates together to share their stories and knowledge to help lift the entire business community. The project is a collaboration between the City of Watertown’s Economic Development Planner, the Little Local Conversations podcast, and the Watertown Business Coalition. Summer Tourism 2026: A Live Podcast Discussion on How Watertown Businesses Can Capitalize on the Tourist Influx This Summer

Join us for the next Watertown’s Open event at WCA-TV Studios at 30 Common St in Watertown. (See this page on their website for directions and parking info.) There will be a panel discussion to discuss what’s going on in the Watertown/Greater Boston region this summer (hint: a lot!), how panelists have successfully attracted tourists for previous events, and how we can work together to bring people to Watertown this summer.