Developers Want Rooftop Terrace Eatery In Downtown WatertownPosted: Updated:
On one side of Watertown's Public Square, you'll notice one building that stands out.
The Wind and Wire building is worn down.
It dates back to the mid 1800s; back then it was a grocery store.
But now, it could be a place to serve food.
That's the project of developers Ken Bodah and Mike Pierce.
"They purchased the building last year with the intent of renovating and then finding an eatery that would move in as a tenant," said Don Rutherford, CEO of the Watertown Local Development Corporation.
The design plans show an eatery, one the developers say would be unique to the area.
However, they won't come forward with what type of restaurant that might be, since they haven't yet secured the tenant they've been talking to.
Another thing the developers hope to do is level out the third floor and put in a rooftop terrace, something downtown Watertown hasn't seen before.
"I think that'd be a good idea. Something new for the area," said Timothy Collette, works in Watertown.
"You'd be able to see different parts of Watertown that you couldn't see if you were sitting inside a restaurant. I think it'd be awesome," said Lisa Grieco, Watertown resident.
The project is estimated to cost nearly $1 million.
Bodah and Pierce have invested a portion of that money themselves and are seeking funding for the rest.
The WLDC recommended a $100,000 loan for the project.
It goes before the board for approval next week.
"You need to have a critical mass of people coming to your downtown. Once that happens, if we have destination points like restaurants - they'll come down, they'll eat at restaurants," said Rutherford.
If the prospective tenant signs on, the developers hope to start construction this summer and finish by next summer.