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Eastern Real Estate Buys Westwood Station

by Dave Atkins

According to a press release today, Eastern Real Estate LLC has reached an agreement to purchase Westwood Station:

Originally planned to include in excess of 4.5 million s.f. of retail, office, residential and hotel space, the project has stalled in recent years. The regional transportation improvements spurred by the proposal which have far reaching benefits have also been on hold. Eastern’s deal is a major step in the advancement of the project.

The 140 acre Westwood Station Project is a high profile redevelopment of industrial land located near the I-95/I-93 interchange in the University Avenue area of Westwood. The property is adjacent to the Route 128 station, which includes both MBTA’s commuter as well as Amtrak’s intercity rail service. Eastern principals, Brian J. Kelly and Daniel J. Doherty III, who founded Eastern in the 90’s, see this as an opportunity to re-energize the project.

According to Mr. Doherty, “Eastern recognizes the extensive work that has gone into the planning of Westwood Station, and we look forward to advancing the project so that the associated benefits to the community and the region can be realized in a timely fashion”.

Nancy Hyde, Chair of Westwood’s Board of Selectmen commented “The Town of Westwood is optimistic that the transfer of ownership will lead to the successful resumption of development at this prime site. We continue to be appreciative of the State’s support of both this project and regional economic growth through its investment in essential roadway infrastructure in and around Westwood Station, and we look forward to establishing a strong working relationship with Eastern.”

Mr. Kelly added, “There is a lot of work to be done and we look forward to working collaboratively with local and state officials to make this project a reality.”

Eastern Real Estate LLC is a Woburn, Massachusetts based real estate development firm. 

Westwood Station

by David Feyler

I want to thank Dave for spending the time and finding out more information about the I-Cube funding. I realize Westwood Station is something many residents have been waiting years for. The problem is we no longer know what we are getting. The I-Cube is an opportunity for the residents to find out exactly what is going on when it comes to Westwood Station. Trust me I am sick and tired of the high taxes in Westwood just like everyone else. What I don't want to see happen is the biggest mistake in Westwood history. Nancy Hyde and Steve Rafsky had no problem before telling the town how much positive tax revenue we would get from Westwood Station. The development has changed big time from then and now and we need to know what is going to be the net positive in tax revenue. I am not against Westwood Station I live on the other side of town. What I am against is how this project keeps changing by the minute. The town has used scare tactics more than once to get us to vote yes on different articles when it comes to Westwood Station. Now is the time to put our foot down and not allow them to use the same tactics as they have used in the past. I can see it now your sitting at town meeting and one of the selectman will say if we don't vote YES on the I-Cube the state will back out of its 55 million.

I-Cubed Funding - Vote NO

by David Feyler

The I-Cubed funding will be presented to the FinCom a day before the annual town elections. Why is the town waiting so long to put that article on? Could it be the town wants to make sure the library gets funded before talking about the I-Cubed funding? Could it be that the less people that know about the I-Cubed funding would mean a smaller town meeting? I can only guess because the town doesn't like being very transparent. I believe Mike [Jaillett] said last night at the Government Study Task Force meeting that we will be lucky if 200 residents show up for this town meeting. If only 200 residents showed up then it would be easy to stack the deck for any article vote. For the residents that do not feel we should risk 6 million dollars maybe you should try to make this town meeting.

CC&F is getting 55 million dollars from the state and wants to ask the town to accept the I-Cube for 6 million. Who is paying for this project the state the town or CC&F? My question is does CC&F have funding yet? The town wants us to vote on 6 million dollar I-Cubed funding and I have not heard that CC&F has the funding to make this project a go. Let's do some quick math. New Library 13 million, the possibility of being on the hook for 6 million for I-Cubed funding and the very strong possibility for a large operational override next year. Let's take care of our own backyard and let CC&F do the same.  I may have some leaves on my lawn from last year but CC&F has 140 acres of overgrown weeds which I would rather not be a part of.

Public Hearing on Canton Street Changes

by Dave Atkins

This Wednesday, the Norfolk County Commissioners will hold a public hearing on proposed changes to Canton street related to Westwood Station development. According to the Canton Citizen, Canton selectmen will attend and oppose these changes because they lack adequate data about traffic. Traffic data compiled as part of the Canton-Everett-Forbes traffic calming study can be downloaded from here. The full set of documents posted to the Westwood town web site is available here. The Planning Board from Westwood will also attend. Might be worth missing an episode of "So you think you can dance..."

The hearing will be held in the Main Courtroom of the Norfolk County Superior Court, in Dedham, at 7:00 PM on Wednesday, September 30, 2009.

 

Wegmans in 2012

by Dave Atkins

It appears those folks who were so excited about Wegmans coming to Massachusetts and Westwood will have to wait--or go to Northborough. According to this article, Wegmans is still planning to occupy Westwood Station, but not until 2012. Meanwhile, the first store is planned for Northborough's Loop in 2011.

Holding Pattern for Future of Westwood Station

by Dave Atkins

Channel 5 ran this story comparing the booming success around the opening of Whole Foods at Legacy Place in Dedham to the weedfields of Westwood Station. You can't deny the contrast is stark. But before anyone draws too many "lessons" from this, I'd suggest we observe the full impact of Legacy Place and consider this IS what a vastly scaled-back Westwood Station could have been. It is a great shopping center to service the neighboring towns.

The vision behind Westwood Station was much more than that. It was a live/work/play community on a transit line designed to be everything, all-at-once. Bad timing for such a grandiose plan. But while we wait for the economy to turn around, let's watch Legacy Place and think about what would complement, rather than compete against a formula that is working well for what it was designed to do.

Half a Million Short

by Dave Atkins

Today's Daily News Transcript reports that at the Selectman's meeting Monday, an update from Westwood Station reported that the developer will not be making the full amount of payments as promised. Just a few weeks ago, the developer had "every intention" of honoring the agreement, but the economic realities out there clearly push us all towards bad and worse choices.

Communication, Transparency, and Saving the Town $1500

by Dave Atkins

Today's Daily News Transcript reports that the town has drafted an update on Westwood Station to be approved by the Selectmen and then mailed to residents at a cost of approximately $1500.

Last week, in response to several residents who had contacted me or posted things here on WestwoodBlog, I inquired about an update from the town and I know it was in the works. We also know, from the Boston Globe article on Sunday that the town "pre-emptively" posted some information relating to Westwood Station which was then ordered removed. So officially, even though everyone is talking about this, there is no official comment from our elected officials other than sparse quotes we read in newspaper articles.

Might I suggest two things:

  • Residents do not need a $1500 mailing. This information could be publicized for free by working with the Hometown Weekly and Daily News Transcript to publicize the key points of the communication, then post it on the town website. There is always this idea that because some residents don't have internet access, the website is not adequate...but the consequence of that thinking is that no update is done at all.
  • Residents need more frequent, less official communication with an opportunity to respond. These mailings are like official pronouncements...after the fact...with no opportunity for clarification. Imagine if instead, we had weekly updates from the individuals involved. People are scared to death of that idea, it seems. I'm not completely naive here, but wouldn't it be worth a shot? That could take the form of a weekly selectman's newsletter or just individual selectmen writing short updates here or on their own blogs?

I'm not saying this is "the answer" and I invite people to weigh in here about why they might think I'm right or wrong. That kind of discussion exposes the real issues a lot better than someone carefully crafting an official policy and then broadcasting it to residents or putting together a bunch of talking points in advance to win an argument. Let's talk about how to improve things, not just advocate for positions.

Time to Move On?

by Dave Atkins

Update: see Boston Sunday Globe for more information about financing difficulties.

The Daily News Transcript provides more details--and the developer's perspective--on the suspension of work on Westwood Station. Key points:

  • The payment to the town of  $1.5 million for FY 2010 will not be affected. "That is an obligation that we have every intention of meeting."
  • CC&F continues to spend money to keep the project alive.
  • Wegmans will probably open in Northborough first--in February 2011. So Westwood will not be the first Wegmans in Massachusetts.

I have a strange sense of deja vu here. My previous employer had money in the bank and enough cash to last through the Spring. The CEO was going to obtain financing in November. When that did not happen, the company did not fold, but the strategy shifted to survival and making do with what they had...which included laying off half the staff. Circumstances changed and the company adapted. It doesn't mean the company won't pull through, but it also means all the reassurances about the future--even when honest and sincere--go out the window when the economy tanks.

So we can debate about the future here and reassess the past with a lot of "what ifs" and "if onlys." Or we can realize that as a political issue of consequence, Westwood Station has been "moved to indefinite postponement." The Planning Board has done their part: the permits are ready to go. The town has done more than their part--holding at least 2 special town meetings where residents turned out in massive numbers to approve measures deemed necessary for the survival of the project. And the Selectmen--while some in town might have criticism--have been tirelessly working to achieve success for the town dating back probably a decade or more in the search for a way to correct the property tax imbalance and secure our future. Nobody failed. But the economy overpowers it all.

It's time to move on. The developer may be back "in the Spring," but what Spring? I guess it will be years before anyone is buying a six pack at the Westwood Wegmans. In the meantime we have plenty of other issues in town and who knows when the economy will pick up? I hope we can focus on the future, not rehash the past. We can't assume when Westwood Station will become a part of that future.

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