Business

Watertown Mall Officials Welcome New Hotel, Additions at Arsenal Project

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The Watertown Mall sits across the street from the Arsenal Project, and next to where the new hotel will be built, and that suits the management of the Watertown Mall just fine. The Watertown Mall, which is home to Target and Best Buy, along with several other stores and the Registry of Motor Vehicles, would benefit by more people coming to that area of Arsenal Street, said Patricia Stenson, manager of the Watertown Mall. The owners of the new hotel, Boylston Properties, also owns the Arsenal Project (formerly the Arsenal Mall) has plans to upgrade the mall and add restaurants. The group has also purchased the Verizon Facility located near Nichols Avenue but has an address of 480 Arsenal Street. It could become office space.

Real Estate

See the Watertown Homes that Sold This Week

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Here are the homes that sold in Watertown this week – see where they are located. $440,000 – 3 Repton Circl Unit 3102, 2 bedroom, 2 bathroom, Mid-Rise condo

$252,500 – 32 Whites Ave Unit F-8802, 1 bedroom, 1 full bathroom, Hi-Rise condo

Sponsored by:

$763,500 – 160 Standish Road, 3 bedroom, 1.5 bathroom, Colonial single-family home

$525,000 – 5 Royal Street, 3 bedroom, 1.5 bathroom, Colonial single-family home

$376,500 – 290 Pleasant Unit 218, 1 bedroom, 1 bathroom, Mid-Rise condo

Find out how to sponsor Watertown News real estate stories, or how to highlight your open house listing by emailing WatertownMaNews@gmail.com.

Development

Residents Worry Eastside CVS Would Change Their Neighborhood

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The CVS/Pharmacy proposed in East Watertown would change the area, and make an already bad traffic situation worse, residents said at a meeting on the project. The store would go where the gas station now sits at the corner of Mt. Auburn and Arlington streets. It would also replace a small office building and the Elks Club and the parking lot would link to the lot on Wells Avenue. The project would make improve the Coolidge Square area by adding a pharmacy and sprucing up the site, said Bill York, attorney representing the developers at the meeting held at the Apartments at Coolidge School.

Business

Tufts Health Plan Foundation Awards $1.6 Million in Grants

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Watertown-based Tuft Health Plan Foundation has handed out more than $1.6 million in grants to 43 organizations in Massachusetts and Rhode Island. The grants are part of the first cycle of funding in 2014, according to an announcement from the foundation. Some of the grant recipients are in Watertown or serve the community, including the Watertown Community Foundation and Springwell. The largest number of grants this cycle fell in the Health & Wellness program area, primarily for initiatives that promote chronic disease self-management and prevention, exercise and nutrition, and fall prevention. The foundation also awarded more than 25 percent of its grants in the area of Purposeful Engagement, which includes community involvement, volunteerism and intergenerational programs as well as caregiver support programs.

“We’re proud of our partnerships in community and recognize that we don’t do this work alone,” said Nora Moreno Cargie, executive director of the Tufts Health Plan Foundation and vice president, corporate citizenship for Tufts Health Plan.

Real Estate

6 Homes Sold in Watertown This Week

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Take a look at the homes that sold in Watertown this week. $232,000 – 194 Lexington St. Unit 7, 2 bedroom, 1 bathroom Low-Rise condo

$475,000 – 499 Main Street Unit 499, 3 bedroom, 2 bathroom 2 Family condo

Sponsored by:

$450,000 – 496 Mount Auburn Street, 3 bedroom, 1 bathroom, Colonial single-family home

$325,000 – 32 Duff St. Unit 32, 2 bedroom, 1 bathroom condo

$427,500 – 43 Parker St Unit 43A, 3 bedroom, 2 bathroom Townhouse

$475,000 – 104 Coolidge Hill Road Unit 7, 2 bedroom, 2 bathroom Townhouse

Business

Watertown New Home for Web Design, Marketing Company – Digital Impulse

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Digital Impulse, and independent web design and digital marketing agency has made Watertown its new home. The company made the move from Newton to new space in the Riverworks complex in Watertown, according to co-founders Jeff Mitchell and Andrew Kolidas. Digital Impulse was represented by Cushman Wakefield throughout the leasing process. The agency now occupies a 6,000 square feet, which is needed to accommodate an expanding staff that currently numbers 13. The company has plans for additional hires through 2014.

Development

See Preliminary Plans for the New CVS in East Watertown

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The new CVS/Pharmacy proposed for East Watertown would increase traffic in the area, and replace a gas station, the Elk’s Club and another commercial building. On Monday, Aug. 4 at 6:30 p.m., developers for the proposed CVS will hold a community meeting at the Apartments at Coolidge School, 319 Arlington St. They have filed preliminary documents about the project with the Watertown Planning Department. The store would go at the corner of Mt.