PROFESSIONAL_SERVICESRECOMMENDED

Trust Funding Sought for 108 Water Street Due Diligence

The Watertown Affordable Housing Trust is asked to provide $150,000 to Metro West Collaborative Development to cover deposits and due diligence costs for acquiring 108 Water Street and redeveloping it into approximately 49 permanently affordable rental units. The funds will support environmental reviews, legal work, surveys, engineering, and other pre-development activities during a 135-day due diligence period, with unit affordability restricted in perpetuity.

Status
RECOMMENDED
Document date
July 16, 2026
Contract type
PROFESSIONAL_SERVICES
Vendor
Metro West Collaborative Development
Agency
City of Watertown · MA

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$150,000
Contract type
PROFESSIONAL_SERVICES
Contract term
135-day due diligence period following execution of Purchase & Sale Agreement; affordability restrictions in perpetuity
Renewal
One-time pre-development funding tied to a 135-day due diligence window; unencumbered funds must be returned if Metro West does not proceed with the acquisition. Affordability restrictions on completed units are to run in perpetuity.
Document type
StaffReport
Source document
Watertown Affordable Housing Trust StaffReport Funding Request for 108 Water Street 2026-07-16

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the professional services contract by City of Watertown?

Metro West Collaborative Development was awarded this professional services contract by City of Watertown, as recorded on July 16, 2026. The contract value is $150,000.

How much is the Metro West Collaborative Development contract with City of Watertown worth?

The Metro West Collaborative Development contract with City of Watertown is valued at $150,000, covering professional services work.

What type of contract is this?

This is a Professional Services contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in Watertown Affordable Housing Trust StaffReport Funding Request for 108 Water Street 2026-07-16 (StaffReport), dated July 16, 2026 from City of Watertown. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Metro West Collaborative Development hold?

Metro West Collaborative Development may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Watertown currently buying?

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