Major Downtown Waltham Development Moves Forward

Financing has been secured for the mixed-use development.

A rendering of the development.
A rendering of the development.

A Newton-based real estate investment firm announced Tuesday that it has secured a $98 million financing package for its Moody & Main On The Common mixed-use development in downtown Waltham.

Northland Investment Corporation’s announcement means that construction can move forward on the project, which will be across from the Waltham Common and near the Waltham MBTA commuter rail station and Charles River.

The development will include:

  • Three five-story buildings on the 4.5-acre site
  • 269 apartments, 27 of which will be affordable
  • 27,595 square feet of retail space
  • A 300-car parking garage and 92 surface parking spaces

The first phase of apartments will be ready for occupancy in the summer of 2015, according to Northland. The development is expected to be completed in the summer of 2016.

The apartments will be “luxury apartment homes,” according to Northland, with washers and dryers, dishwashers, walk-in closets, stainless steel appliances, European-style cabinetry and solid stone countertops. Residents will have access to a roof deck, outdoor patio/courtyard area, fitness center, library, game room and clubroom.

Kristine Conti Fusco May 28, 2014 at 12:39 PM
Good God! The traffic is going to get to armageddon status, considering it's at nightmare status now. 😑 SMH
Karen Walz May 28, 2014 at 01:15 PM
We'll need to give the new tenants a reason to shop and dine on Moody Street...
Judi May 29, 2014 at 09:59 PM
Just what we need- more luxury apartments. Yeah. Only 27 affordable. Too bad, mostly luxury.
joseph swanson May 31, 2014 at 11:18 AM
nice!!! getting rid of those eye sore buildings, adding some old school look good job.
Supporter June 02, 2014 at 08:31 AM
I am wondering how you can get info on one of the 27 affordable apartments?? Thank you


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