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New Luxury Apartments/Bank For Waltham?

The Traffic Commission will meet soon to discuss impacts of a proposed luxury apartment complex.

A large luxury apartment complex and retail building has been proposed for the intersection of Main and Moody Streets, according to Waltham Traffic Commission documents. 

The development would include 277 luxury apartments and 29,000 square feet of retail space at the 1 Moody St. complex and several surrounding buildings, according to Waltham Traffic Commission documents. It would also include a bank and possibly a restaurant.

The Commission is scheduled to discuss the traffic impacts of the project during its Wednesday, Dec. 19 meeting at 10 a.m. at City Hall. 

The three buildings currently on the site would be demolished, Waltham Traffic Engineer J. Michael Garvin wrote in a memo to the Commission. Those include the 1 Moody St. office building, the Citizens Bank building and 55 Moody St., according to Garvin's memo. 

TRAFFIC IMPACTS (source: Garvin's memo)

  • The current driveways would be combined into four -- two facing Main Street and two facing Charles Street. 
  • A traffic study concluded that current traffic conditions can support the additional traffic the site would draw.
  • The complex would include 388 parking spaces including 300 in an underground garage that would be built as part of the project.
  • A left turn lane would be created to turn left from Main Street into the northwest driveway. 
  • The median currently on Main Street would be extended to prohobit left turns into or out of the northeast driveway.
  • Eight new metered parking spaces would be installed on Main Street in front of the complex. 
  • A new MBTA bus stop would be created on Main Street.
  • Push buttons at surrounding crosswalks would be updated to meet handicapped-accesiblity standards. 
  • A new video camera would be installed at the intersection of Main and Bacon Streets to detect the presence of traffic.
matt December 19, 2012 at 11:56 AM
Finally!! Really like the idea
chris j December 19, 2012 at 01:17 PM
Charles St. is one of the best "secret" shortcuts linking south st and moody. I am guessing this street will get much more traffic once the shopping plaza opens.
Matt Carter December 19, 2012 at 03:16 PM
Absoultley Love this. What the developer is proposing was once there before fire destroyed it in the 1970's or 80's. WE need something to clean up this area and make it more inviting. Now if we can just move 200 Moody Street along we would be all set.
Cairo kid December 19, 2012 at 04:40 PM
Can we do better than ANOTHER Bank in Waltham? JEEZ!
Nick Low December 20, 2012 at 12:12 AM
Isn't a bank being torn down? So we're even.
George December 20, 2012 at 02:31 AM
Luxury? Meaning: tenants who will drive in, drive out, and not be caught dead shopping or spending much time at all on Moody and Main Streets, except for the higher end restaurants. How about more affordable housing stock, Waltham? Or are we content to be the place people just sleep when they're not getting on/off I-95 and the Pike?

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