Athenahealth is planning to re-invigorate the historic Watertown arsenal and the area with the addition of restaurants, retail stores and an internal expansion. In the process, they also seek to create an 1,800-car garage on the west end of the campus. With the addition of amenities, downtown Tenants will be attracted to the area due to its cost effectiveness, accessibility to Boston and public transportation as well as the ability to provide parking for employees. This should have a positive overall impact on businesses moving to the area and office space in surrounding markets such as Needham and Newton.
From Watertown’s Wicked Local coverage:
“The new owners of the 29-acre former Army complex wants to add restaurants, retail stores and increase the size of their corporate headquarters. In the process, they also seek to create about seven acres of open space by removing surface parking and moving it into an 1,800-car garage on the west end of the campus.”