Find Out About the Proposed Development on Arsenal Street Near Irving Street

Developers of a proposed residential and commercial complex along Arsenal Street will discuss their plans at a meeting on Thursday, Feb. 6 at 7 p.m. at the Watertown Free Public Library.

Plans submitted to the Planning Board call for a four-story residential building with 297 housing units (202 one-bedrooms, 94 two-bedrooms and one townhouse) to be built on a parcel on the east side of the property. The building would also have 6,200 sq. ft. of retail space, according to the Stormwater Report. That section will be developed by Hanover R.S. Limited Partnership. A parking garage would be built, and would provide 503 of the 519 parking spaces, according to a summary submitted to the Planning Board.

A second portion, the west parcel closer to Irving Street, will be developed by The Cresset W/S Venture LLC will have a 30,637 sq. ft. retail building along with 111 parking spaces. Schematic drawings show a market and a restaurant. See the drawings here.

According to the Traffic Study submitted to the Planning Board, more than 2,200 new trips on a weekday would be added to the area due to the residential building along with the 6,200 sq. ft. of commercial space. This includes 161 in the morning rush hour and 215 in the evening peak hours. Nearly 2,350 more trips would be added on a Saturday, according to the study.

The retail complex - with the market and restaurant - would add more than 6,600 trips on a weekday and more than additional 8,900 trips on a Saturday. An estimated 259 new trips would be added during the morning rush hour and 499 in the evening peak, according to the study.