Boston & New England CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Mount Auburn Club in Watertown to be Redeveloped into Lab/Office Use
The Mount Auburn Club, a fitness club in Watertown, is being sold to a joint venture that plans to develop it into laboratory and office use. The sales price was not disclosed.
In a statement, the Crowley family, owners of the club for more than 46 years, announced the sale:
“The COVID-19 crisis has created a challenging environment for the Mount Auburn Club to operate in and our long term outlook would be uncertain at best. Our family is prepared for a new stage in our lives and we will always treasure the memories and relationships we have forged with our members, guests and local community.”
A joint venture between an affiliate of Alexandria Real Estate Equities Inc. and National Development plans to build a new laboratory/office development at the property. The JV has collaborated on other projects in the Boston area, including Longwood Center and 15 Necco Street.
For comments, questions or concerns, please contact David Cohen
- ◦Development
