Sustainability Standoff in Watertown
Potential new requirements to discourage fossil fuel use at approximately 150 large buildings in Watertown would drive up housing costs and penalize developers of recent lab projects, opponents say.
Potential new requirements to discourage fossil fuel use at approximately 150 large buildings in Watertown would drive up housing costs and penalize developers of recent lab projects, opponents say.
The successful execution of creating this new neighborhood emphatically supports the strategy of mixed-use development as an in-demand socially and culturally enriching experience in today’s post-pandemic world.
At the site of a 19th-century Army munitions factory – and more recently an enclosed shopping mall that was losing its firepower – Tom Wilder is testing new formulas for keeping retail properties relevant.
The town is now the first municipality in New England with such an ordinance.
Holliday Fenoglio Fowler (HFF) has provided $324 million in construction financing and joint venture equity to develop Arsenal Yards. Arsenal Yards will be a six-building, mixed-use redevelopment of the old Arsenal Mall.