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Our latest Wellesley, Mass., business news:
Blessings of the office space market
The Boston Globes DT Kohli’s zeroing in on Wellesley is an interesting article focusing on the growing demand for office space in the ‘burbs, which means he’s paying rent. In part, the changes include converting traditional office space into a bio lab, as is done on Rte. 9 at Wellesley.
Although the article mentions organizations that have reduced their office space to accommodate hybrid work schedules.
Residential market advantage
Wellesley Executive Director Megan Jopp issued a hurricane update on some active housing developments in the city, including those on Weston Road and Linden Avenue. If you go through several winters, you may be surprised to see the growth. (You can hear Jopp’s account of the 1 hour and 16 minute board meeting in Wellesley Media’s recording.) The city has archived material on these one-time 40B projects, and in some cases they are redacted.
Construction of a three-story Bristol condo complex at 148 Weston Rd. As you’ll see and hear as you use the forested trails in the North 40 forest associated with the project, it’s shrinking. Some of Bristol’s online presence points to a fall 2022 opening… sounds like a big deal. The 24 market condos valued at over $1M should challenge the low-end crowd.
Separately, the Terrazza complex on Linden Street offers 30-plus market-rate units (primarily priced from $1.5M to $3M) and 4 affordable units in the former Delanson Circle and Hollis Street area off Linden Street across from the commuter rail station. They have an established realtor office in Linden Square and are looking to open in 2023.
Meanwhile, the Fieldstone Way townhouse project on Rte. 135 near the Needham line is nearly complete, Jop. 90% of the units (11 out of 44 are equivalent) are spoken.
Construction is underway on 17 units on Bourke Lane, just east of Rite. 9 East.
Projects at 680 Worcester St. and 16 Stearns Rd. Appeals from various parties, including the city and neighbors, could lead to a resolution, Jopp said. She had no timeline on this.
In regards to Wellesley’s housing plans, Jopp shared an update at the Aug. 16 Board of Selectmen meeting (recorded by Wellesley Media for about an hour) that the state placed the town within MBTA lines under new multifamily zoning requirements. From “Rapid Transit Community” to “Commuter Rail Community” This focuses Wellesley’s zoning requirements near its commuter rail stations, not near Green Line stations near Wellesley.
The city feels confident it will meet the zoning requirements either way.
The consultant’s housing market analysis will soon give the city more to chew on where Wellesley stands in terms of housing affordability and affordability.
Pollen drying condo
Another condominium complex we were recently asked about by a reader: Pollinator Condos at Church Park in Arty Junction. 16 and Art. 135 in Wellesley Square. We caught up with Wellesley Public Works Director David Cohen to get an update on plans to replace invasives with native species.
“The purpose of revitalizing Church Park is to provide a welcome respite for the hall and the people,” says Cohen. “The proposed garden planting reflects our position that public landscapes should be a refuge for all, including pollinators, who are critical to supporting balanced ecosystems.
Church Park was last landscaped in the 1980s with a selection of non-traditional plants.
The project is where DPW works in between other maintenance work when it allows. Many of the non-native plants were removed and the brick walkways were redone. The current irrigation system will be removed as the indigenous species will be able to survive independently. Although with the current drought conditions, it doesn’t make sense to start them. Planning can happen in the spring.
“We’re looking forward to having the garden ready for all visitors, winged or not, by late spring,” says Cohen.
Are you building something too? Check out the Needham Bank grant
Needham Bank is running a giveaway on Instagram, and you can win two tickets to see the Red Hot Chili Peppers at Fenway Park, America’s favorite ballpark, on September 10, 2022. All you have to do is let Needham Bank build you.
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