0 Needham Street Businesses Add Outdoor Seating

Posted on July 28, 2014 by Wil Catlin

3 Squares restaurant on needham st adds outdoor seating

Credit: Wicked Local

Businesses in Needham and Newton continue to grow as nearby restaurant owners look to add a new outdoor seating area along the Highland Avenue/Needham Street corridor. This is in response to the new office users/businesses throughout the area looking to take advantage of the amenity-rich corridor.

Wicked local’s coverage notes, “a new outdoor seating area with 26 full-service tables is opening at 3 Squares restaurant. The Zoning Board of Appeals approved the project – which required special authorization because it’s zoned in the Industrial District – last month.”

You can find the full article, here.

0 Needham’s Real Estate Market Slowing

Posted on July 9, 2014 by Wil Catlin

Credit: Pinterest

There is a growing concern amongst residential realtors that the real estate market in Needham is slowing down. Will this have a direct impact on office space throughout Needham and slow the growth for commercial real estate development in the area?

Wicked Local pointed to three key indicators of this trend:

The first clue is that days on market fell from an average of 59 days in February to a mere 24 days in April. But so far in May that number has crept up to 39. Houses appear to be sitting a bit longer.

The second clue is that the number of houses that have gone under agreement fell from 38 in March to 32 in April. So far this month the number is 13. Though we are only halfway through the month, even if you double that figure to 26, it still shows a downward trend.
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0 Wells Avenue Development Debated

Posted on July 3, 2014 by Wil Catlin

Talks of a development taking place in Wells Avenue are underway, as city officials and zoning board of appeal members begin to dissect the development and its impact on the surrounding the area. The development is said to fit nicely into the proposed Needham Street redevelopment plan. As jobs follow younger, educated workers these days, the hope for the project is to give these millennial’s quick and easy access to work, shopping, and restaurants. The Needham and Newton office markets will see a direct impact upon the completion of this development. It does, however, seem like there will be significant time required before either side of the table will move towards a decision.

The Newton, MA vertical of WickedLocal offered commentary on the proposed mixed-use development on Wells Avenue from architect Doug Carr of Cube 3 Studio, who “described the development as “pedestrian-focused.” Carr said it would be six stories high and built around three exterior courtyards, contain 334 pet-friendly residential units, have a café and restaurant, “work bar,” convenience store, swimming pool, bike storage, and even a bike repair shop.”