Riverside Development | 333 Grove Street | Newton

Yet again… trying to get a single developer to build an entire brand new neighborhood from the ground up all at the same time as one unified project. Its not working… but maybe if we try again for the 1,001st time itll work. In order for projects this big to work you need the economy, demand, and the borrowing environment to all line up at the same time and its very rare.

They should do the thing thats been working since 2000 bc and lay down a small street grid then sell off the parcels individually to recoup the costs. A few plots would already be under construction. Then it would grow organically and probably turn out better anyways.

Thats why the seaport for all its flaws architecturally… at least exists. They didnt even lay the street grid down first, they just made a street grid masterplan that developers had to stick to and then added in massing models for effect and then sold off each lot one or two at a time, over time, and now you have a new neighborhood. It shouldnt be this hard.
 
stick n move said:
In order for projects this big to work you need the economy, demand, and the borrowing environment to all line up at the same time and its very rare.
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I mean, when they first proposed doing it, they had that...
 
jklo said:
I mean, when they first proposed doing it, they had that...
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Thats the point, its extremely rare for all of those things to line up at once and even when they do it doesnt last long enough to be able to finish a project of this size. It takes a long time for massive projects like this to finally get going and when they do it can be 10 years after its proposed and the environment is completely different by then.
 
For pure curiosity, what’s the FAA height limit at Riverside? Infinite?
 
Yeah, my question was mostly rhetorical in the sense that the developers should propose a series of pencil towers and let the NIMBYs squabble.
 
RandomWalk said:
Yeah, my question was mostly rhetorical in the sense that the developers should propose a series of pencil towers and let the NIMBYs squabble.
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Isn't that what got them into trouble in the first place? The bankrollers were dreaming of $80/sqft office space and a fancy hotel when it probally has to be 100% housing.
 
The hotel Indigo closed due to this redevelopment plan. I think it the hotel closed a bit earlier than anticipated due to the Covid shutdown. I would think a hotel could still work here. It's on the green line and Rte. 128
 
commuter guy said:
The hotel Indigo closed due to this redevelopment plan. I think it the hotel closed a bit earlier than anticipated due to the Covid shutdown. I would think a hotel could still work here. It's on the green line and Rte. 128
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The Mariott is huge I think.

I suspect most of the guests at the Indigo were doing business with Riverside Center (which apparently changed it's name to 275 Grove... never a good sign when they change the name)
 

Developer Greystar joins long-delayed Newton Riverside project​


“National developer Greystar has signed on as master developer for a long-planned mixed-use project at Newton’s MBTARiverside station.

Greystar, which has built a cluster of apartment buildings in Everett and has another underway in Needham, will join the project team as it seeks to make a few minor changes to the site plan before a deadline to begin construction next March. The team hopes to receive permits to designate some previously approved residential units for seniors and adjust the number of units in another building……”

Bizjournals
 
Heres the renders of the new version approved at the end of 2025, they havent been posted yet. The recent changes from this august would make the parking garage 2 floors shorter and would make building 2/3 7 feet taller.

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Riverside-plan-2026.jpg.webp



www.figcitynews.com

City Council focuses on revised plan for Riverside

Newton’s Land Use Committee held its first hearing Tuesday on Mark Development’s proposed revision to its approved development planned at the Riverside MBTA station. Reflecting market movement away from commercial development, the revision would reduce office space and increase residential units...
www.figcitynews.com www.figcitynews.com
 
Little surprised they are suggesting only half are 2/3 bedrooms. Getting a single to pony up the 3 grand+ for a Studio is gonna be tough.

The area could really use a restaurant.
 
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