Thursday, January 24, 2013
The child care center operator was also honored by the Fortune Magazine.
Watertown-based Bright Horizons Family Solutions Inc. goes public, so to speak, on Friday when the child care center operator begins trading on the New York Stock Exchange. The Boston Herald reports that Bright Horizons seeks to sell more than 10 million shares at a price between $19 and $21 under the symbol BFAM. The company is owned by Bain Capital Partners – a company co-founded by Mitt Romney. The company runs 700 child care centers worldwide, including one in Watertown, according to the Herald. Bright Horizons also runs six elementary schools. This has been a good few weeks for Bright Horizons, which came in at 90th in Fortune Magazine's list of "100 Best Companies to Work For." The honor was nothing new for Bright Horizons, which …
Tuesday, January 8, 2013
A retail space on Arsenal Street is for lease, what should go into that space?
A storefront along one of Watertown's main thoroughfares sits empty with a "for lease" sign outside. What kind of business would make sense in that space? The building at 376 Arsenal Street had been home to Evans & Faulkner, and has more than 2,500 square feet of space. The building is also home to AlphaGraphics, which remains open. The storefront faces the Arsenal on the Charles — near Panera Bread and Boston Sports Club — along a stretch of auto shops, home design and other assorted stores. Tell us what you think should go in that space in the comment section below.
Monday, January 7, 2013
New owner will refurbish the facility on Arlington Street in East Watertown.
Watertown workout spot Team Super Fitness will change ownership and refurbish the location on Arlington Street. New owners, GymIt, aims to offer affordable fitness options for people without requiring a commitment. This will be the second location in the Boston area, along with one on Commonwealth Avenue in Brookline. GymIt will offer specials to join the new facility during the early part of 2013, while the renovations are underway. Work is expected to be completed by March. Find out more about the new gym in the press release send out by GymIt: GymIt, the Boston area’s newest, no-frills gym concept, is opening its second facility this winter in Watertown. Located at 36 Arlington Street, the new gym will transform the former SuperFitness…
Wayne F. Patenaude takes over after serving as the bank's chief financial officer.
Monday, January 7
The following information was provided by Cambridge Savings Bank: Cambridge Savings Bank today announced the appointment of Wayne F. Patenaude as President and Chief Executive Officer of Cambridge Financial Group, Inc. and Cambridge Savings Bank (CSB). Mr. Patenaude, who succeeds Robert M. Wilson, has served as the Bank’s Chief Financial Officer and Treasurer since 2007. “Cambridge Savings Bank underwent a remarkable transformation over the past five years, delivering outstanding value and service to all of our customers and Wayne Patenaude performed a central role in this success,” said Alan McClennen, Jr., Chairman of Cambridge Savings Bank and the bank's holding company, Cambridge Financial Group. “By helping to guide the Bank as it …
Eastern Clothing outfitted the newly-elected congressman for his big day.
When Congressman-elect Joe Kennedy III tied the knot last month, he donned a suit made in Watertown. Kennedy married Lauren Birschfield on Dec. 3 in Corona del Mar, Calif., just a month after being elected to his first term as congressman for the 4th Congressional District. He walked down the aisle in a medium grey suit made at Eastern Clothing of Watertown, said co-owner John Airasian. “We dressed Joe, and there were seven groomsmen in the party,” Airasian said. “They all wore suits and they all got them here.” (Click here to see a photo of the couple, and Kennedy's suit). This was not the first time that Kennedy has shopped at Eastern Clothing. “He has been coming here since he was a youngster at Buckingham, Browne & Nichols,” Airasian …
Tuesday, January 1, 2013
The next year promises to have plenty in store for Watertown, here are some things to keep an eye on.
1. You thought election time was over with the end of the presidential race, but 2013 already has some biggies on the card. The annual town election will be held in November, with Town Council and School Committee seats up for the vote. We may have another senate race again soon if John Kerry is confirmed as the next Secretary of State. 2. New construction has begun to spring up in town, particularly along Pleasant Street. This is likely to continue, and the town is in the midst of creating a comprehensive plan to guide the new development. One idea to lure businesses to Watertown is to add more restaurants by increasing the number of alcohol licenses. 3. The budget, the budget, the budget. Government budgets from the federal level to …
Monday, December 31, 2012
During these economic times, businesses come and go all the time. Tell us which ones you were sad to see go in the comments section below.
The retail community in Watertown showed signs of life in 2012, with new restaurants, stores and more coming to town, but the economic news was not all rosy and we said goodbye to some local businesses. Sports Authority and Stephanie's Boutique opened in the Arsenal Mall, and Arsenal Wine & Spirits opened near Watertown Square in 2012. One of the more popular businesses to open in 2011, was one of the unfortunate ones to make the closed list in 2012. Maximo's Takeout closed its doors for good at the end of the year. The Upper Crust also closed in the last part of the year. It is unclear, however, if it is gone for good or whether it will reopen after being purchased recently by a former owner of the pizza chain. Cakes Bakery on Galen …
Friday, December 28, 2012
If you could open one kind of business in town, what would you do?
Assume money was no object and the only limit your imagination: what kind of business would you love to run in Watertown? It could be a store you feel would perform well in town, or a business that would provide a much-needed service. Would you love to have your own bar? A coffee shop? Maybe there's some niche in Watertown that isn't being served, or something you've seen work really well in another community. Whatever it is, share your ideas with your neighbors in our comment section below.
Thursday, December 27, 2012
The company will develop a product to help treat soldiers' battlefield injuires.
Watertown's Arsenal Medical received a $15.5 million federal contract to develop a product that would help stop internal bleeding suffered by soldiers in the field. The contract is the second awarded to the company by the Defense Advanced Research Projects Agency (DARPA), according to a report in the Boson Business Journal. Arsenal Medical Inc. is headquartered in Watertown at 480 Arsenal St. The company's technology could address one of the largest causes of battlefield deaths, according to an Arsenal Medical press release. “Currently, there are no effective pre-hospital treatments available for intra-abdominal bleeding on the battlefield,” said Dr. David King a trauma surgeon at Massachusetts General Hospital with significant combat …
Thursday, December 20, 2012
Wednesday's bankruptcy auction was only of store leases and equipment, not of the Upper Crust franchise rights.
When Wednesday's auction of the embattled Upper Crust Pizzeria chain was done yesterday, and the smoke (somewhat) cleared, a company with ties to the pizzeria's founder, Jordan Tobins, reportedly had won control of the Watertown store site. The Boston Globe reports that a Ditmars Ltd. affiliate— a private equity firm connected to Tobins — submitted the high bid of $75,000 for the Main Street location. That offer, says the Globe report, is only for the store lease and restaurant equipment, not rights to use the Upper Crust name. The same company also won bids for the Lexington, Wellesley and South End store sites. The attorney representing immigrant workers said to have cheated of vast amounts of overtime pay won the bid for the Harvard …