7 thoughts on “As Construction of Arsenal Yards Rolls Ahead, Developers Switch Direction on Tallest Building

  1. Is any of this going to reduce our taxes now that overflow biotech from Cambridge comes to Arsenal? Would be nice to see big reductions and get a similar rate to that of our less expensive neighbor.

    • They would bring in more tax money than currently comes from the Arsenal Mall (or when it was completely open). However, from following the tax hearings for several years, it seems often the taxes don’t rise as fast rather than seeing them drop. The other factor, of course, is that property values are rising which makes taxes on the homes rise.

  2. What a bummer. I was hoping that condo residents would increase foot traffic and breathe new life into the neighborhood. Looks like that won’t happen now.

    I’m hoping that some of the abandoned lots and empty factories in the neighborhood are turned into residential spaces of some type. With the housing shortage happening throughout the Boston area, I’m not sure why developers are sleeping on East Watertown.

  3. In an August 30 article (http://www.watertownmanews.com/2018/08/30/arsenal-yards-developers-proposing-limiting-area-where-increased-height-would-be-allowed/), in regards to the request for additional height, Copelotti is quoted as saying “If they support it, we’ll pursue it…If not we’ll go ahead with the original proposal.” Now he says they won’t “…because developers did not think they could make money off a shorter apartment building”. This would have been obvious before, but yet they still claimed they were going to stick to the original plan for Building G to be a residential building, regardless of the Town’s decision on the Amendment Request. They didn’t suddenly realize that it wasn’t going to work for them. Regarding Arsenal Park, Copelotti states “We are trying to work on the town to see how we can help.” One thing that would help is if Boylston Properties gave the Town the $500,000 towards opening up and revitalizing Arsenal Park they promised back in January 2017, which they seem to have forgotten. Bill McQuillan handed out a document that listed it as a one of the Town’s Benefits of the Arsenal Yards project.

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