Business

Old Navy Closing its Arsenal Mall Store on Thursday!

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The Old Navy store in the Arsenal Mall will be closing its doors on Thursday, July 27. 

On Wednesday evening, the shelves were almost empty, the walls stripped and manikins were being removed by employees. The store had a sign out front Wednesday announcing the closing and encourage shoppers to go to the location in Boston’s Downtown Crossing. Old Navy is located inside one of the historic buildings in the mall, which will be renovated as part of the transformation of the mall into a mixed use complex known as Arsenal Yards. That building and the one where Marshall’s is located will be part of the first phase of construction at Arsenal Yards. In the second phase, which was approved in mid-July, a new building will be constructed along Arsenal Street in what is now the parking lot and will have retail along with a Hampton Inn & Suites hotel and a multi-story garage.

Business

New Owners Want to Transform Arsenal Street Gas Station

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Paul and Alberta Zoummar purchased East Coast Gas in June, and they want to bring new life to the Arsenal Street gas station. The station across from the Arenal on the Charles was renovated about a year ago, complete with adding a building on the site, putting up a canopy over the pumps and replacing the underground tanks. Zoummar already owned stations in Brighton and Quincy and when he saw East Coast Gas for sale he went for it. “I’m in the business, already,” Zoummar said. “I liked the location, considering it is right on Arsenal Street.”

Development

Find Out About Phase 3 of Arsenal Mall Project at Community Meeting

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A Community Meeting has been scheduled by Boylston Properties and Wilder Companies for Wednesday, July 26, 2017 from 6:30-8:30 p.m. in the Innovation Space at the Arsenal Yards/Mall. The purpose of the meeting is to review the Phase III/Building F plans of the Arsenal Yards Master Plan. Building F is proposed to be a seven story residential building with 58 housing unites and 45,000 square feet of retail and/or restaurant space. The proposal has one more story and 23 more housing units than proposed in Master Plan passed by the Planning Board. The building would be located where the current bridge between to the two sections of the malls are located, and would be near the northeast corner of Arsenal Park.

Real Estate

Half a Dozen Watertown Homes Sold This Week, See More Info Here

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See the six homes that sold this week in Watertown. $575,000 – 61 Highland Ave. 6 room, 3 bedroom, 1 full & 1 half bathroom, Colonial single-family home

$440,000 – 16 Hunt St. Unit 2, 4 room, 2 bedroom, 1 full bathroom, 2/3 Family condo/townhouse

$530,000 – 194 Watertown St. Unit 194, 6 room, 2 bedroom, 2 full bathroom, 2/3 Family condo/townhouse

Sponsored by:

$611,000 – 27 Ashland St.

Real Estate

See the Open Houses Around Watertown This Weekend

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There are eight open houses around Watertown this week. $569,000 – 11 Nichols Ave. Unit 3, 6 room, 3 bed, 2 bath other, Open Houses: Saturday 12-2 Sunday 12-2

$365,000 – 3 Repton Unit 3407, 3 room, 1 bed, 1 bath mid-rise, Open Houses: Saturday 12-1:30 Sunday 1-3

$629,000 – 160 Cypress St. Unit 160, 6 room, 3 bed, 2.5 bath townhouse, Open House: Sunday 11-1

$649,900 – 14 Maplewood St. Unit 14, 9 room, 4 bed, 2 bath 2/3 family, Open Houses: Saturday 11:30-1 Sunday 11:30-1

Sponsored by:

$484,900 – 55 Webster St., 6 room, 3 bed, 1 bath ranch, Open Houses: Saturday 1:30-3 Sunday 1:30-3

$829,000 – 7 Fletcher Ter., 7 room, 4 bed, 2.5 bath colonial, Open House: Sunday 1-2:30

$629,995 – 204 Acton St., 8 room, 4 bed, 3 bath cape, Open House: Saturday 1-3:30

$899,999 – 200 Westminster Ave.

Business

Athenahealth’s Chief Financial Officer Stepping Down, Interim Appointed

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Athenahealth Chief Financial Officer Karl Stubelis will be stepping down on July 21, 2017 and an interim CFO will take over during the transition, the company announced. 

Stubelis will be “pursue other opportunities,” according to the announcement from Athenahealth. John A. “Jack” Kane, a member of the athenahealth Board of Directors and current chair of the Board’s Audit Committee, will serve as interim CFO during the transition. In addition, the Athenahealth Board will reconstitute its Audit Committee and expects to appoint Tom Szkutak as chair, the company announced. Athenahealth will also release its second quarter earning report on July 21. Jonathan Bush, chairman and chief executive officer of Athenahealth, said, “This CFO transition reflects our commitment to ensuring that Athenahealth has world-class leaders to support the Company and our increased scale and scope. We intend to focus our CFO search on leaders who bring a record of operating discipline and value-creating capital allocation.

Development

Second Community Meeting Planned for Project at 385 Pleasant Street

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A second community meeting about the proposed residential and commercial project on the long, thin property along Pleasant Street near Rosedale Road will be held on July 27. Developers  Amstel Heritage LLC will host the meeting about the mixed-use development which includes 58 residential units and 11,567 sq. ft. of commercial space planned to be built at 385 Pleasant St., Watertown. The meeting will be on Thursday, July 27, 2017 at 6:30 p.m. at the Watertown Police Station, 552 Main Street, Watertown.

Real Estate

Check Out the Five Watertown Homes Sold This Week

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Here are the properties around Watertown that sold this week. $642,000 – 101 Watertown St. Unit 101, 7 room, 3 bedroom, 1 full & 1 half bathroom, 2/3 Family condo/townhouse

$502,500 – 14 Commonwealth Road Unit 14, 5 room, 2 bedroom, 1 full bathroom, 2/3 Family condo/townhouse

$390,000 – 32 Whites Ave. Unit F3304, 3 room, 1 bedroom, 1 full bathroom, condo/townhouse

Sponsored by:

$620,000 – 13 Hosmer St. Unit 2, 7 room, 3 bedroom, 2 full bathroom, 2/3 Family condo/townhouse

$950,000 – 182 Standish Road, 11 room, 5 bedroom, 2 full & 1 half bathroom, Colonial single-family home