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Eastern Real Estate

Thursday, November 29, 2012

Displeasure About University Station at School Committee Information Session

Full house attends school committee meeting for informational session on University Station. Committee members and meeting attendees seem unhappy with portions of project so far.

In front of a packed auditorium in which some people were forced to sit on the floor or stand, the developers looking to build University Station and the expert planner hired by the town spoke in front of the School Committee for the first time last night to bring them up-to-date in an informational session that left many questioned unanswered. After Planning Board chairperson Jack Wiggin gave a brief summary of what has been going on with the process and what’s expected to take place in the upcoming weeks, a representative from the developer took over and pointed out where things would be on a map. The residential part of the project, which seems to be the most controversial based on residents’ remarks and reactions, compares to a project…

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WW Resident

4:05 pm on Wednesday, January 9, 2013

also, there is definitely a silent population who are unopposed (or indifferent) to the plan... but I think those opposed are much more passionate and vocal about their opposition and concerns about the plan (especially the residential ccmponent)... read the minutes on the town website of the planning board meetings and you will see many, many references of residents attending the meetings and …   more ›

Wednesday, June 13, 2012

University Station Developers Reveal Plans, Eye 2013 Start Date

Target and Wegmans are still among interested tenants, but the project will be substantially smaller in size.

It may resemble Westwood Station, but University Station will be something different for the town of Westwood. That's what developers of the renamed project are aiming for, at least.   Representatives for New England Development and Eastern Real Estate, as well as others involved with the project, gave a brief overview of what they hope to bring to Westwood in the area of University Avenue during a pre-application meeting with the Westwood Planning Board Tuesday night. "We're really excited to be back here and we're looking forward to getting something done," said Steven Fischman, President of New England Development, which was originally involved in the Westwood Station proposal. Target and Wegmans, both of which were interested in taking…

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K

9:03 pm on Friday, January 18, 2013

Stubmytoe-just because you haven't seen three kids living in a condo in Westwood doesn't mean it won't happen. I would do it if I couldn't afford a house in the town. Stay as long as my kids got a good education. People like myself overpaid for a house just to get into the schools. Could have had an amazing house in Dedham or Norwood for less. People will do anything for their kids.   more ›

Monday, April 16, 2012

New 'University Station' Project in the Works

News on a new form of the Westwood Station project came late Friday afternoon.

In two years time, Westwood could see the long-standing Westwood Station project come to fruition.  The first phase of the newly-dubbed "University Station" project is expected to be completed in 2014, according to an announcement made late Friday afternoon.  A partnership between New England Development, Eastern Real Estate, National Development/Charles River Realty Investors and Clarion Partners is working to acquire 130 acres of Westwood to develop the mixed-use development project to include retail, housing, office and hotel use, according to Friday's announcement.  The team involved is working on the initial stages of crafting a proposed master plan to submit to Westwood officials. Westwood Patch will provide more information on the …

Mary Masi-Phelps

12:07 pm on Monday, May 7, 2012

On your question about the schools and state aid: If you have it handy (and I hope you'll be bringing it to Town Meeting tonight :)) - refer to the Education Subcommittee report in the FinCom report to the Town (starts on p. 8). The school budget submitted to the Town at Town Meeting is just under $35 million. Most of that ($30.6 million) is funded by the local property tax base, and the …   more ›

Friday, April 13, 2012

Westwood Station to be Reborn as 'University Station'

The first phase of the project is expected to open in 2014, according to an announcement Friday.

After a long stand-still, the Westwood Station project gained momentum once again on Friday, when it was announced that a new partnership of several entities would acquire 130 acres of Westwood to develop a mixed-use project to include retail, housing, office and hotel use.  The project is being renamed "University Station", and comes at the hands of a new partnership between New England Development, Eastern Real Estate, National Development/Charles River Realty Investors and Clarion Partners, according to a news statement Friday afternoon.  The first phase of the project is expected to open in 2014, according to the announcement. Moreover, the team involved is working on the initial stages of crafting a proposed master plan to submit to …

Wednesday, August 3, 2011

Westwood Station Mortgage Holder to Sell Portfolio

The move could facilitate progress with the delayed project.

Anglo Irish Bank, the mortgage holder for Westwood Station, recently announced that it was to sell its portfolio of U.S. assets, Westwood's Economic Development Officer Chris McKeown confirmed last week.  "They have actively put their whole $10 billion portfolio out to market," McKeown said. "Essentially, they are finally moving forward to sell all these notes and allow new ownership to come in and pursue foreclosures." Eastern Real Estate and New England Development, he added, are still in the hunt to ultimately end up with Westwood Station.  Eastern Real Estate looked to purchase the mortgage note for the property last fall. But a purchase never took place, as a number of conditions that needed to be satisfied in the agreement were never…

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