At its meeting on Tuesday, the Auburn City Council approved plans for a massive mixed-use development in north Auburn that will bring more than 1,500 residential units online over the
Watertown Mall sold for $130 million to Alexandria Real Estate Equities
Wicked Local
Rumors have been circulating for a while in the business community that the Watertown Mall was going to be sold, possibly to a life science developer. On April 21, the sale of the property located at 550 Arsenal St., Watertown, owned by Watertown Mall Associates Limited Partnership, to Alexandria Real Estate Equities for $130 million was electronically recorded by the Middlesex South Registry of Deeds.
Alexandria Real Estate Equities has recently purchased several other properties in Watertown including Athena Health in December 2019 for $525.5 million and in July 2020 it purchased the Mount Auburn Health Club in partnership with National Development for $32 million.