Wal-Mart Proposal for Watertown Location Reportedly Coming This Fall
A lease has been agreed to by Wal-Mart with the owners of a property on Arsenal Street.
Retailer Wal-Mart will bring forward a proposal for a 92,000 store that would include a grocery section, for a spot on Arsenal Street, the Watertown Tab reported this week.
The 7.8-acre property is owned by the Cresset Group, and sits off Arsenal Street near Irving Street. The lease was first made in Aug. 2010, and the last of three amendments to the lease was made on June 23, 2011, according to records from the Southern Middlesex Registry of Deeds.
The lease lasts 20 years, with options to extend it by five years, up to six times, according to the documents.
The proposal has been opposed by some residents, who created Sustainable Watertown.
The parcel is essentially landlocked. Entrances could be put through to Arsenal Street, where a billboard now stands, or onto Irving Street next to Extra Innings.
Sustainable Watertown reportedly has scheduled a meeting for concerned residents on Oct. 24 at 7 p.m. at the Watertown Free Public Library, according to the Tab.