Riverside Station development

Money

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^In Caddyshack, Rodney Dangerfield plays Al Czervik, owner of Czervik Construction.
 

jklo

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There may be other reasons why the Riverside Center has vacancy - leasing rates, contiguity of available space, issues finding subletters if a company moves out before lease end... it's hard to extrapolate from one building.
Leasing rates for sure an issue, it's very likely that Riverside Center is at the top end for 128. But it's also pretty nice. If you were interested in only hiring workers who have a car (ie: older) I would definitely recommend it. Being on the Green Line makes no difference, as I mentioned 95%+ drove when I was there.

Still think any office space built is going to have a tough time attracting tenants. Maybe the developer is banking on stealing some of the tenants at Riverside Center?
 

Equilibria

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New planning memo takes less of a stand, but includes decision dates in September (the City Council would vote on 9/24):

http://www.newtonma.gov/civicax/filebank/blobdload.aspx?BlobID=97822

The neighborhood is very agitated, but I'm not sure what they think the product of that will be - the City seems very motivated to make this happen, and the only cohesive argument the neighbors made was the alternate development proposal that the Planning Department determined was financially unfeasible (and likely intentionally so). If the position of RightSize Riverside (the citizen group fighting both this and the Needham Street development) is that the developer's proposal is a monolith and they won't engage with/compromise with it, then they'll lose and Korff will get to build what he wants.

Folks are getting unfriendly, but that's not going to win them anything.

Also, can I again request a name change to "Riverside Station | 355 Grove Street | Newton"?
 

navigator4

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I hope they require the Developer to fully replace the hotel rooms lost from the Hotel Indigo. It's not a great hotel, but the near suburbs desperately need hotel rooms. Waltham is putting up a few more (Marriot x2 and Hampton Inn), but there is a dramatic shortage in this area specifically.
 

etik

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For those looking to support the Riverside development (and development in Newton more generally) get in contact with Engine 6. The website hasn't been updated in a bit but I'm told that they are pushing for this development to happen.
 

Equilibria

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I hope they require the Developer to fully replace the hotel rooms lost from the Hotel Indigo. It's not a great hotel, but the near suburbs desperately need hotel rooms. Waltham is putting up a few more (Marriot x2 and Hampton Inn), but there is a dramatic shortage in this area specifically.
I'd be surprised if the new hotel doesn't expand on the Indigo. It extends to the Indigo's roof height and sits on much lower ground.
 

Equilibria

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Olive branch from Mark Development to the neighborhood City Council - lopped the top of of the tallest building. Always was going to be the sacrificial lamb.



All the documentation continues to be available from the City on a dedicated site:


Apparently the neighbors want to put this to a referendum, which would be about the dirtiest NIMBY thing imaginable (since, well, the developer would lose). I'd be pleasantly surprised if Newton became the first White suburb to endorse new housing and density at the ballot box, but well...
 

odurandina

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The tallish low highrise tower was eliminated right?
The Empire Strikes Back.
Newton sucks.
 

HarvardP

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I'm gonna call it now: high-end 55+ community, scaled to mimic a village, and the largest structure will be the commuter garage.
 

Equilibria

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I'm gonna call it now: high-end 55+ community, scaled to mimic a village, and the largest structure will be the commuter garage.
I think that's unlikely with this developer. He has no projects like that on his resume, and he got Washington Place through with a one-floor reduction.

If he gets too frustrated with this, he'll do what he's already done in West Newton and go 40B. Then the ordinances are irrelevant.
 

odurandina

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We've become a miniature San Francisco, in terms of the absolute breaking point that we're soon going to reach on the cost of living in the metro statistical area..... We're a decade and a half behind SF in this process, but it's coming. In San Francisco, the scale of everything is far more totally insane. They actually build big where and when they need to--but, because just about every tech business on Earth wants to be there, it's never enough. We build small where we need to build big, and it's never enough.
 

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