For those of you who live in Weston,Wellesley, Lincoln, Wayland, Waltham and the neighboring towns, are you as curious as I am about what’s going on with Waltham’s 1265 Main Street – the former Polaroid headquarters comprising approximately 120 acres located between Route 117 and Winter Street on Route 128. And for those of you who don’t necessarily live in those towns but who drive by this site on Route 128 on your commute and various travels, you’re probably wondering what’s going on too?! Since my last report on the development, the building process is progressing and things are shaping up at the site. There seems to have been some recent drama, including “financing delays, the demolition of old buildings, the relocation of power lines,” and the transfer from developer Sam Park & Co. to 1265 Main Group. But it seems that most of the issues have been resolved. Here’s what we know so far about the tenants and delivery for the development, which is still being coined “the intersection of technology and nature with an urban twist” and has been “modeled after the 3M office building in Milan Italy”:
Market Basket – Despite some slowdowns as a result of internal discord, famed supermarket chain, Market Basket, has signed as the lead anchor tenant of the development. While the March project update reports that the delivery of the Market Basket space is slated for spring 2014, another report forecasts a delivery date closer to the end of the year. This is big news and especially exciting to many who live in the area given the recent closing of Weston’s Omni Foods Supermarket, which had been there for the last 25 years.
According to a January 2014 Wicked Local posting, “Other tenants include Jake n Joe’s Sports Grille, Marshalls, TD Bank, Verizon and Starbucks. Special permits for a drive-thru at both TD Bank and Starbucks were approved by the City Council in November .” The March 2014 project update also references that a liquor store may be housed at the development.
Jake n Joe’s Sports Grille – According to a November 2012 Wicked Local article, “Jake n Joe’s [will] also be a local business at the Polaroid site as it is owned by the Nocera family and part of the restaurant group that includes The Chateau. Joe Nocera, president and co-owner of The Chateau Restaurants and Jake n Joe’s, said he’s looking forward to growing [his business] at home in Waltham.” The February 2014 project update hints that Jake n Joe’s should be open by Super Bowl 2015.
Starbucks – We have confirmation from multiple sources that there will be a Starbucks there, but we’re not sure when its store opening will occur. Another Starbucks location close by is all good in my book.
TD Bank and Verizon – These two retail stores are shown on the site plan, but there isn’t any more information at this time about when they will open their doors.
According to an April 2014 Boston Globe article, “Both 1265 Main officials and Waltham Mayor Jeannette McCarthy agree that before any construction on it can begin, plans will have to be put into place to revamp local roadways around the project and help create an easy and direct link to Route 128.”
Stay tuned for more updates, details and information on the project…. In the meantime, what are your thoughts about this new development? I am personally quite excited to see it, and I think it’s a great use for the land, which has been sitting idle for the last 6’ish years. I do think potential traffic flow/issues need to be planned out in advance, but it sounds like they are already addressing these matters. What are the pros and cons as you see them to 1265 Main Street? I can’t wait to hear….
For more information on this or about the real estate market in Weston, Wellesley, Wayland and the surrounding towns, please contact me, Lisa Curlett (781-267-2844 or www.homesalesbylisa.com), to answer any questions or for a complimentary home appraisal.