Real Estate

See How Much Home Prices in Watertown Rose from 2013 to 2014

By |

While fewer Watertown homes sold in 2014 than the prior year, real estate sales prices rose.  

A study of the town’s real estate market in 2013 compared to 2014 by McGeough Lamacchia Realty found that real estate prices rose 7.17 percent to$497,416, while 23 fewer homes were sold (487). This shows “continuing to show that Watertown remains a desirable place to live,” the report reads. In 2014, 104 single family homes sold, down from 127 in 2013. The average price was $547,758, 11.7 percent higher than the 2013 average ($490,212).

Development

Investment Firm Purchases Nearly 100,000 Sq. Ft. Facility in Watertown

By |

Calare Properties, a private, Massachusetts-based investment firm with a focus on industrial real estate, announced this week that it has purchased a 94,268 square-foot mixed-use facility for $11 million. The facility located on 5 acres at 20 Seyon St. is currently 100 percent occupied, according to an announcement from Calare. The seller was represented by Bill Moylan, Chris Angelone, John Meador, and Bruce Lusa of CBRE|New England in the transaction. “20 Seyon is an attractive investment for Calare that we believe will provide stable, long-term cash flow and a strong risk-adjusted return,” commented Andrew Iglowski, director of Calare.

Real Estate

Here Are the Open Houses in Watertown This Weekend

By |

Four properties area having open houses in Watertown this weekend. $449,000 – 23 Ashland St. Unit 23, 2 bedroom, 1.5 bathroom townhouse, Open Houses: Saturday 12-1:30 p.m. Sunday 12-1:30 p.m.

$679,900 – 114 Forest Street Unit 114, 3 bedroom, 2.5 bathroom townhouse, Open Houses: Saturday 2:30-4 p.m. Sunday 1:30-3 p.m.

Sponsored by:

$579,000 – 87-89 Edenfield Ave., 2 unit, 10 total room, 4 total bedroom 2 family, Open House: Saturday 12-1:30 p.m.

$269,900 – 164 Galen St Unit 48, 2 bedroom, 1 bathroom high-rise, Open House: Saturday 10 a.m.-12 p.m. Sunday 11 a.m.-1 p.m.

Development

East End Residents Worry Traffic from New Project Will Overwhelm Neighborhood

By |

The former Verizon building has an Arsenal Street address, but it sits right against Nichols Avenue so developers would like to open an entrance on that street – a plan that has East Watertown residents worried. Representatives from Boylston Properties revealed plans to turn the former truck facility into office space for tech companies on Wednesday evening. The building would have 185,595 sq. ft. of office space with 565 parking spaces, including a one-story parking deck.

Development

LETTER: Neighbors Respond to Athenahealth’s Proposal for Arsenal Complex

By |

An open letter from the North Beacon Street Neighbors to Athenahealth and the Town Council:

Thank you for the meeting last Tuesday night. The attendees have had further discussions and we have reached a consensus on what we’d like to see happen next. We appreciate your hard work on reducing the footprint and height of the garage. However, the only way to seriously gauge the effects of this garage on our neighborhood and town is to see how it fits in with an official Master Plan for the whole property. In detail:

1.

Business

New Restaurant Approved to Go in Arsenal on the Charles

By |

The Arsenal on the Charles will have a new restaurant with an outdoor eating space, after the Planning Board approved a plan by owners of the complex – athenahealth. The restaurant is described as a beer garden and will go in the space formerly occupied by Watertown Savings Bank, on the back end of Building 312, Todd Morey of Beals Associates told the Planning Board. The building is also home to Panera Bread and Arsenal Center for the Arts. The space is 2,800 square feet, plus a 4,500-square-foot outdoor patio space. Morey said the name of the restaurant has not been revealed, yet.

Development

Developers to Reveal Final Design of Apartments at Irving & Arsenal

By |

See the design of the apartment complex at the corner of Irving and Arsenal streets submitted to the Planning Board by Greystar. The project that will go on the former Pirolli brick yard has been following the recommendations of the Watertown design standards and design guidelines, and will include around 270 apartments along with space for stores and a restaurant. The meeting will be held Tuesday, Feb. 24 from 6-8 p.m. at the Watertown Police Station Community Room. Developers Greystar Real Estate Partners and Oaktree FX have periodically met with residents to show designs and get feedback.

Development

LETTER: Resident Worries CVS Will Erode Character of Coolidge Square

By |

Editor,

I am unbelievably disappointed that the Town of Watertown appears to be intending to go ahead with plans for a 13,000 sq. foot CVS in Coolidge Square. Such a decision would begin the erosion of the last vestige of true Watertown character that is left here. I bought a house in Watertown over 30 years ago, after returning from a year+ spent in Greece on a fellowship. On one of my first trips to an Armenian market in Coolidge Square, I saw some refrigerated cheese that reminded me of a fabulous village cheese I had eaten daily in Crete.