News: Owners Developers & Managers

Boston Development Group proposes new life science development in Watertown

Watertown, MA Boston Development Group (BDG) has proposed a major life sciences development at 66 Galen St. The proposed life science campus, comprised of two phases totaling nearly 450,000 s/f of class A office/R&D lab, addresses the goals outlined in The Watertown Comprehensive Plan, and builds upon the burgeoning life science cluster in town that has evolved and accelerated over the last several years. 

The city’s planning initiatives envisioned the South Sq./Galen St. corridor as a major gateway into the downtown and an ideal place for a mix of uses including office/R&D, lab and other higher density, transit-oriented development that would serve to transform its character and identity. 

Seeking to capitalize on market conditions, BDG assembled several parcels along Galen St. including the former Colonial GMC Buick dealership, a shuttered US Petroleum gas station, a Valvoline quick service oil change facility, and a vacant residential lot and property. When combined with BDG’s owned property at 51 Water St., the entire site totals an excess of five acres.

Designed by Elkus Manfredi Architects, BDG’s phase 1 plan features 200,000 s/f of LEED Gold certifiable office and lab surrounded by extensive open and green space (40%). In addition to the new parks, the development will transform vehicular, bicycle and pedestrian flow by adding new traffic patterns and networks. Coupled with new sidewalks, streetlights, extensive tree plantings and the elimination of seven curb cuts, these improvements will enhance pedestrian streetscapes and connections to Watertown Sq. and the Charles River. 

Jodie Zussman, the second generation of the firm at the helm at BDG after a robust career in real estate in Philadelphia, assembled an experienced team to create and design a project for this corner of the City. “We are thrilled to be part of the Watertown community and look forward to working together to create a place we can be proud of and where people feel welcome on the over 40% public open space on site. We believe we can attract companies who will call Watertown home for years to come, creating new job opportunities and contributing to the economic vitality of the City,” said Zussman. 

Bob Doherty, a VP and partner in the proposed development said, “This prominent site featuring a riverfront location, unrivaled Mass Turnpike proximity and access will include a beautifully designed and sustainable structure immediately abutting the Watertown MBTA bus hub and will serve to help transform the character of this strategically important gateway location.” 

The team recently held two public community meetings, following months of discussions and input from planning officials, peer reviews of design, traffic, and other consultants. The project is set to go before the city’s Planning Board and Zoning Board of Appeals for Site Plan Review approval and Special Permit issuance. The team includes: Elkus Manfredi Architects, Ground, VHB, Moriarty, and Vannasse and Assoc.

MORE FROM Owners Developers & Managers

Atlantic Property Management expands facilities maintenance platform: Assigned two new facility management contracts in RI

Boston, MA Atlantic Property Management (APM) has expanded its internal facilities maintenance and operations platform and has been assigned two new facility management contracts in Rhode Island. The properties will undergo redevelopment and repositioning
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

When it comes to the sale or financing of real property, tenant estoppel certificates are not just formalities – they are crucial documents that confirm the status of existing leases. Tenant estoppel certificates offer prospective buyers and lenders necessary assurance regarding the property’s financials and any
Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

A major shift in Connecticut’s environmental law is on the horizon: the state’s Transfer Act will expire next year, ushering in a new cleanup program with broader applicability and new triggers.
Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

As the commercial real estate market continues to navigate the disruptive forces of rising vacancy rates and increasing operating costs, landlords are under pressure to find new levers to protect income and strengthen asset performance. Amid these challenges, onsite solar and battery storage – particularly when financed through third-party ownership models – are emerging not just as environmental upgrades, but as powerful financial strategies.
New Quonset pier supports small businesses and economic growth - by Steven J. King

New Quonset pier supports small businesses and economic growth - by Steven J. King

Quonset recently celebrated a milestone nearly 70 years in the making when federal, state, and local leaders joined us for the ribbon cutting of the new Terminal 5 Pier and Blue Economy Support Docks at the Port of Davisville.