Arsenal on the Charles

Athenahealth CEO, Co-Founder Steps Down, Sale of Company May be Near

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Jonathan Bush, CEO, president and co-founder of Athenahealth, has stepped down, and the Watertown-based company may be sold, company officials announced Wednesday. 

Reports surfaced last week of complaints against Bush acting inappropriate with female employees at an industry, and in late May it was reported that he had physically assaulted his now ex-wife more than a decade ago. Bush is a nephew of former President George H.W. Bush. At the same time, the health care technology company has been the target of activist hedge fund Elliot Management Corp., which made an offer to purchase the company for $160 a share. The fund contends that Athena had been mismanaged. On Wednesday, Athenahealth officials released a statement announcing Bush’s departure.

Development

Taller Building Heights at Arsenal Yards to be Discussed at Community Meeting

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The Watertown Planning Department announced the developers of the Arsenal Mall will host a community meeting about the proposed zoning change to allow a height increase in the Regional Mixed Use District. Developers sent out the following information:

Boylston Properties will hold a Community Meeting to review the proposed zoning change in regards to Building G located within Arsenal Yards. The purpose of this meeting will be to present and discuss the proposed zoning amendment which requests an increase the overall height of the building from its previously approved 130 feet to 197 feet. If approved, the height within the Regional Mixed Use District (RMUD) could be 197 feet by “Master Plan Special Permit within a defined Mixed-Use project, using adopted Design Guidelines provided the project includes a diversity of building heights and furthers the intent and purpose (§5.18.a) of the RMUD.” (From WZO) Building G will contain approximately 140 for-sale residential condominium units and 193,000 GSF (versus the previously approved 189,000 SF). Discussion will include the massing of the Building as well as the buildings location relative to the Charles River and Arsenal Park. The Meeting will be held on Monday June 18, 2018 from 6:30-8:00 p.m. The meeting will be held at the “Arsenal Yards Development Office” located within the Mall.

Real Estate

Watertown Had Five Home Sales This Week

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See the five homes that sold this week in town. $460,000 – 10 Williams St. Unit 79, 4 room, 2 bedroom, 1 full bathroom, Mid-Rise condo/townhouse

$433,000 – 74 Duff St. Unit 74, 5 room, 2 bedroom, 1 full bathroom, Townhouse condo/townhouse

$439,900 – 33 Bancroft St. Unit 33, 5 room, 2 bedroom, 1 full & 1 half bathroom, 2/3 Family condo/townhouse

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$426,000 – 93 Franklin St.

Real Estate

More Than a Dozen Open Houses to Visit Around Watertown

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Home buyers have a variety of open houses to check out this week, including condos, a two family and a four unit building. $599,000 – 64 Union St., 6 room, 3 bed, 1.5 bath gambrel/dutch, Open Houses: Saturday 12-2 Sunday 1-3

$819,000 – 9-11 Paul St., 2 unit, 13 total room, 5 total bedroom 2 family, Open Houses: Saturday 12-2 Sunday 12-2

$949,000 – 79 Bradford Road, 2 unit, 13 total room, 4 total bedroom, Open Houses: Saturday 12-2 Sunday 1-3

$689,900 – 69 Morse St. Unit 69, room, 2 bed, 2.5 bath townhouse, Open Houses: Saturday 12-1:30 Sunday 1-2:30

$364,900 – 20 Riverside St. Unit 3-8, 4 room, 2 bed, 1 bath mid-rise, Open Houses: Saturday 12-2 Sunday 2-4

$424,900 – 10 Williams St. Unit 89, 5 room, 2 bed, 1 bath high-rise, Open Houses: Friday 5-6:30 Saturday 10:30-12 Sunday 10:30-12 Monday 5-6:30

$449,900 – 55 Nyack St., 5 room, 2 bed, 1.5 bath ranch, Open Houses: Saturday 12-1:30 Sunday 12-1:30

Sponsored by:

$779,000 – 244 Edenfield Ave.

Arsenal Yards

LETTER: Resident Supports Taller Tower in Arsenal Yards Project

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During my campaign for Library Trustee last year I talked with hundreds of residents about their concerns. The pace of housing development was by far the most popular topic of conversation. Some residents expressed reservations about the new development. They worried about increased traffic and possible strain on the schools, among other questions. Others — people on fixed incomes, working-class residents, and families eager to buy a home here but squeezed out of the market — were more worried about the cost of housing.

Arsenal Mall

LETTER: Resident Concerned About Request for Taller Tower at Mall

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I wrote this letter in December 2016 but it is even more relevant today in lieu of the zoning amendment proposal to increase the RMUD height to 197 feet. To the citizens of Watertown, regarding the Arsenal Project MP/SP proposal, 12/19/16. In over a year of meetings the issue which I thought would have been a major concern to both the citizens of Watertown, the city councilors, and the city planning department employees was rarely discussed. The issue I am referring to is the development of a 12 story building (building “G”) approximately 100 feet from Greenough Boulevard. Now the reason the developer wants to build this building is obvious.

Real Estate

Four Homes Sold This Week in Watertown

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See the four homes that sold this week in town. $860,000 – 90 Beechwood Ave., 2 unit, 11 total room, 4 total bedroom, 2 Family multi-family home

$615,000 – 41A Parker St. Unit 1A, 6 room, 2 bedroom, 2 full bathroom, Townhouse condo/townhouse

Sponsored by:

$440,000 – 24 Palfrey St. Unit 24, 4 room, 2 bedroom, 1 full & 1 half bathroom, Townhouse condo/townhouse

$1,175,000 – 31 Irma, 3 unit, 15 total room, 6 total bedroom, 3 Family multi-family home

Real Estate

A Handful of Open Houses in Watertown Over Memorial Day Weekend

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These Watertown homes will host open house this weekend. $419,900 – 32 Whites Ave. Unit F7705, 3 room, 1 bed, 1 bath mid-rise, Open House: Monday 12-1:30

$725,000 – 125 Coolidge Ave. Unit 311, 6 room, 2 bed, 2f 0h bath mid-rise, Open Houses: Saturday 12-2 Sunday 12-2

$649,000 – 1030 Belmont St., 7 room, 3 bed, 1.5 bath colonial, Open House: Saturday 12-2

Sponsored by: