Business

Watertown Company Gets Millions to Fight Cancer

By |

Watertown’s Selecta received a major funding boost in its effort to treat cancers caused by the Human Papiloma Virus (HPV). Selecta Biosciences received a $3.2 million grant from the Russian-based Skolkovo Foundation to fund work designing a synthetic virus that would trigger a person’s immune system to fight off the cancerous cells, according to a story in the Boston Business Journal. HPV is the second most common cancer in women and leads to more than 529,000 cases of cervical cancer and 270,000 deaths annually, according to a World Health Organization report. There are 26,000 new cases of HPV-related cancers annually in the United States.

Business

Subcommittee Recommends Locations for New Liquor Licenses

By |

Watertown could be getting 15 more liquor licenses for restaurants, and a group of Town Council subcommittees designated where they could be used. The members of the joint committees of the Rules & Ordinances, Economic Development & Planning, and Public Safety voted to send a proposal to the full Town Council. The town currently has more than 30 licenses, awarded by the state based on the town’s population. These can be sold and transferred by the holders. The new ones would be linked to a particular address and business, and would be leased out by the town, so they cannot be transferred or sold.

Development

See Drawings of the Latest Hotel Proposal in East Watertown

By |

Developers have come forward with preliminary plans for a hotel off of Arsenal Street, behind Target in Watertown. Elm Street Hospitality LLC has requested a developer’s conference with the town’s Planning Department to discuss the hotel proposed for 80 Elm Street – the former Atlantic Battery building. The spot is just down Elm Street from the recently approved Residence Inn by Marriott at the corner of Arsenal and Elm streets. According to engineering documents submitted to the Planning Department the hotel would be five stories tall and cover about 12,000 square feet of the 36,000-square-foot parcel.The total floor space would be 66,604 square feet. The documents were drawn up by Bohler Engineering of Southborough.

Real Estate

Take a Look at the Homes that Sold in Watertown This Week

By |

Three homes sold in Watertown this week. See the details below. $295,000 – 334 Lexington St. Unit 334, 5 room, 2 bedroom, 1 full bathroom, Townhouse condo/townhouse

$580,000 – 66 Prospect Street, 2 unit, 12 total room, 4 total bedroom, 2 Family – 2 Units Up/Down multi-family home

$1,025,000 – 218-222 Main Street, 4 unit, 23 total room, 11 total bedroom, 4 Family multi-family home

Development

Residents Wonder if East Watertown CVS Project is Being Rushed

By |

The CVS proposed for East Watertown had its first hearing in front of the Zoning Board of Appeals Wednesday and residents said they worry that the approval of the project is being rushed. The project has met resistance since it was proposed, both from residents and the town boards. Last week, the Planning Board voted 3-1 against supporting the proposed 13,000-square-foot project at the corner of Mt. Auburn and Arlington streets. Neighbors and residents expressed the same concerns as they did during the Planning Board hearings – about lights, noise and most of all traffic.

Business

Watertown Savings Bank Donates to Homeless Veterans

By |

Watertown Savings Bank (WSB) made a $5,000 donation to the New England Center for Homeless Veterans (NECHV). The bank presented the check at WSB’s annual Club 50 holiday party, on behalf of the more than 3,500 Club 50 members, according to the bank’s announcement. NECHV President and CEO Andrew McCawley was on hand to accept the donation. “Veterans are an incredibly important asset to this country, our society and to business; they bring a wealth of leadership, selflessness and commitment to mission to everything they undertake,” McCawley stated. “Your generous giving is essential to our providing the best and most effective aid to those who have served this country.”

The NECHV is dedicated to ending homelessness for our Nation’s Veterans.

Development

Town Looking to Buy Small Piece of Land in Watertown

By |

The Town Council approved purchasing a small piece of former railroad property near Arsenal Street that could be key to nearby new developments. 

The Council approved spending $35,000 for the 3,300-square-foot parcel located at the end of Phillips Street. The state got the first right of refusal when the Pan Am Systems/Boston & Maine Corp. placed the right-of-way for a the former Watertown Branch of railroad up for sale. On Dec. 2, the town received a letter saying that the state did not intend to purchase the land, and notified officials that “The Town of Watertown has been designated as the purchaser for the [railroad] parcel.”