It’s our ninth Thanksgiving in Watertown since we purchased the Arsenal Mall back in August 2013. And, ‘tis the season to reiterate again and again our thanks to Watertown as we approach completion of the base-building construction at Arsenal Yards. (Yes, the end of construction is near…)
When we bought the Mall, frankly, we had much smaller plans to revitalize the property. But as conversations occurred with the many smart people that make up this town, the “Arsenal Project” plans expanded into a more attractive, more comprehensive, and much more special project: Arsenal Yards. So, we thank you, to the many City Officials and Residents for the many, many conversations, ideas, input and meetings (lots of meetings) in the early years.
A rendering of what the nine-story 100 Forge building at Arsenal Yards will look like. Developers are creating 165,000 sq. ft. of space for biotech companies. The following announcement was provided by Boylston Properties:
Boylston Properties, a Boston-based developer of mixed-use destinations, and institutional investors advised by J.P. Morgan Asset Management, announced a joint venture agreement to proceed with plans to construct 100 Forge, a nine-story 165,600-square-foot lab building at Arsenal Yards in Watertown.
An illustration of the proposed One Arsenal Marketplace life sciences development. The building at 617 Arsenal St. used to be home to Miller’s Ale House. The developers of the building where Miller’s Ale House was located have scheduled two community meetings to go over a proposal for a new building, which calls for creating space for life science companies. The proposal calls for adding a third floor and a penthouse on top of the existing structure at 617 Arsenal St., near the intersection with Greenough Boulevard.
A view of the planned renovation of Arsenal Park. The following letter is in response to the Sept. 11, 2019 story “Partnership Between Town, Arsenal Yards to Renovate Town Park Over Before it Began”
I want to clear up the facts of the state of our partnership with the Town on the Arsenal Park renovation, and to also put into context the recent exchange between the Town and Boylston Properties that you detailed in your piece. Mark Reich has been a great contributor to our early progress in this hoped for partnership, but his letter to the Town was a one-sided summary of that process. As you know, we firmly believe that Arsenal Yards will be of great benefit to Watertown.
An overhead view of Arsenal Park. The long red building is the Arsenal Mall, and to the left is the Commander’s Mansion and the Arsenal on the Charles complex. A public-private partnership between the Town of Watertown and the developers of Arsenal Yards, which was to speed up renovation of part of Arsenal Park, has ended, Town Manager Michael Driscoll announced Tuesday night. A disagreement over a construction management fee that Boylston wanted to charge the Town to oversee the construction was the main sticking point, according to Driscoll, who read from a letter from the Town’s attorney Mark Reich of KP Law. “Of particular concern, and the primary impetus for this letter, is the insistence of Mr. (William) McQuillan that the Town pay Boylston Properties a 5 percent construction management fee as part of the proposed public-private partnership,” the letter reads.
The following information was provided by Boylston Properties:
Boylston Properties will hold Community Meeting #2 to review and update the community on the status of Building G located within Arsenal Yards. The purpose of this meeting will be to present and discuss a change in use for the building from Residential to Office/Lab. Building G, as proposed would contain approximately 140,000 SF of Lab space (a decrease of approximately 31,500 GSF from the approved building included in the MPSP) plus an additional 50+/- below grade parking spaces under the building G footprint.
Discussion will include the overall massing, proposed design of the building, public access, and the buildings location relative to the Charles River, Arsenal Park and Building F.
WHEN: Tuesday, March 19, 2019 at 6:30 p.m.
WHERE: Watertown Marriott Residence Inn – 1st Floor Conference Room – 570 Arsenal St. If you have any questions please contact the petitioner: Andrew Copelotti at Boylston Properties,(617) 262-4646 x 112
A view of Arsenal Street from inside Building E, one of the historic structures being redeveloped as part of the Arsenal Yards Project. Boylston Properties seeks a tenant for this “prime spot.” As the new Arsenal Yards begins to take shape, developers have changed plans for the last building in the project, shifting the 130-foot Building G from condos to a lab and office building. In December, Boylston Properties withdrew a request to the Town to allow them to make Building G a 197 foot apartment tower, 67 feet higher than allowed by Watertown’s zoning rules. They will soon submit plans for a new building that they hope to lease to biotech companies.
With approvals for all but one building in the new Arsenal Mall, construction is moving full speed ahead at Arsenal Yards. The public can only access a small portion of the site right now, but Andrew Copelotti, principal with Boylston Properties, led a tour of the site. The walk started over a large expanse of dirt, which includes the former under pass beneath the mall. The entire building that used to sit on top of it is now gone. Where the dirt is located will become Building F, which will include Roche Bros.