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Waltham Retail/Office Totten Pond Road Project Revived

Boston Properties project Totten Pond Road would include restaurants and office space.

Developers are revving a previously proposed retail office complex planed for Totten Pond Road.

Boston Properties is planning to build a new two-building complex at 470 Totten Pond Rd. they say would include restaurants and offices. 

The approved a special permit for the project in 2008, but the project has undergone several changes since then.

Now, Boston Properties is seeking a special permit to increase the floor-area-ratio, which governs how much floor space a building can have compared to its lot size,  to 1.2. The City Council, on Monday, June 11, extended the public hearing until October, when it is scheduled to be heard again.

NEW vs. OLD PROPOSAL

  • The proposal now includes two buildings instead of three spanning 425,000 square feet, the same size as the previous version, according to Boston Properties Senior Vice President for Development Michael Cantalupa.
  • Two separate buildings would be constructed instead of three integrated structures, according to Cantalupa. A 232,000 square foot building would be on the west side of the site, while a 193,000 square foot building would be on the east side.
  • Also, a parking garage for 1,448 cars would be constructed, according to Cantalupa.
  • Motorists would access the site through two entrances, one on the north side of the site and the other on the south side, through Prospect Hill Lane, according to according to Boston Properties Vice President for Development Richard Monopoly.
  • Each new building would be six stories, higher than the current three buildings on the site which are up to five stories, according to Monopoly.
  • Also, each building would be constructed simultaneously instead of waiting for one to be completed before starting a new building, as the previous plans called or.
  • The project would now generate approximately $2 million in tax revenue for the city, approximately seven times the amount the previous version would have, according to Cantalupa.

POTENTIAL TENANTS

  • Steak houses and fast casual restaurants have expressed an interest in locating in the new site, according to Cantalupa. He said his company wants to have two eat-in restaurants and two fast-casual locations.

REASONS FOR PROJECT CHANGES

  • Project officials cited several key reasons for reviving the project and its delay.
  • Cantalupa said the city council required his company to wait until the Winter Street bridge was rebuilt. Construction on the bridge began in 2006 and hit several lengthy delays until it was finished late last year.
  • Also, Boston properties wanted to find ways to make the project more attractive and lucrative to potential tenants during the economic recession in 2008, Cantalupa said. Cantalupa also cited surrounding towns changing their zoning bylaws to make them more attractive to developers as another reason Boston Properties had to make the Waltham site more interesting to tenants. 
YBG June 13, 2012 at 03:23 PM
Last fall, three men were stabbed to death on harding avenue in Waltham. Not far from where I live. And since then, I (and most people in the neighborhood) have been wondering: what DID happen? Is there an investigation? Are there suspects? There has been an amazing lack of information about this, as: there hasn't been any mention of it anywhere (well, there was something on one of the major TV news shows asking the same thing in Jan. or Feb or sometime). How can there be no news or information on this? Seriously, If you google it, you don't find ANYTHING past last November, and mostly from last September. Are the Waltham police even trying to solve this?
Ryan Grannan-Doll (Editor) June 13, 2012 at 03:30 PM
Hi YBG, The police have investigated this and released the names of the victims, how they died, where they died and hinted at the number of perpetrators. Past that, they have not issued any identities for suspect. There is likely nothing else to report on it. They may not have suspects or leads. I very much doubt the DA closed the case. Sometimes, as with the Molly Bish and Holly Piirainen cases, they lose steam for a while only to gain traction later. That could happen in the Harding Ave. murders.
Tim Hill June 13, 2012 at 07:11 PM
YBG, I have heard from some members of law enforcement that they do not anticipate solving these murders. It is believed that the killers were from out of state and came here for a planned hit designed to send a message.
YBG June 14, 2012 at 12:18 PM
To send a message to who?About what?
YBG June 14, 2012 at 12:19 PM
Uh, yeah....LAST September, the police released the names of the victims. It's pretty strange there's been NOTHING since. Nothing.
Tim Hill June 14, 2012 at 12:49 PM
YBG, Nobody knows, but remember they left money at the scene and drugs were placed all over. The message, which they had to know would be reported in the media, was likely to the drug supplier's other dealers/users and was "don't mess with us."
Ryan Grannan-Doll (Editor) June 14, 2012 at 01:19 PM
Hi YBG, I would not read too much into this. Murder cases go cold frequently. There are other unsolved murders that have occurred in Waltham. The fact is there is likely nothing else to release.
YBG June 15, 2012 at 11:21 AM
There aren't any other triple murders unsolved in Waltham. This crime was a pretty big deal, and I find it bizarre that it just vanished. You don't. So be it.
Tim Hill June 15, 2012 at 01:14 PM
Have there been any other triple murders in Waltham?

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