Neighbor News
Owner Gives Wellesley Center’s Rotunda Building A $500,000 Facelift
The Grossman Cos. Has Owned Property for Four Decades
The classic landmark Rotunda Building in Wellesley Center is getting a half-million dollar facelift, inside and out.
The property, at the intersection of Routes 135 (Grove Street) and 16 (Washington Street) is managed by The Grossman Companies, Inc. (www.grossmanco.com) and owned by affiliates of the Grossman family. Property Manager Christine Stonis who is overseeing the renovation project, says work will be completed by Labor Day. In the meantime, there has been no interruption of business for tenants. The building, constructed in 1916, is adjacent to Belclare, the upscale residential/retail development on the former site of the Wellesley Inn.
Interior renovations, including upgraded common areas and bathrooms, and exterior brickwork and window/trim upgrades are being handled by general contractor DF Pray and Majestic Construction. The architect is Avi Shoss of SN Consulting Group, Inc.
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Grossman Companies’ Co-President Jake Grossman said, “Our significant investment in the Rotunda Building symbolizes our family’s excellent and long-time relationship with the town and of our commitment to Wellesley Square’s vitality. “ The Grossman Companies bought the property in the early 1980s. Going back further, Grossman reflected on the family’s lumber and building supplies store at 27 Washington Street from the 1960s until the early1990s, now home to the Waterstone independent and assisted living facility.
The Rotunda Building is 100% leased. Among long-time street-level tenants in the building are Anderson Jewelers, Amarin II, J. Todd Galleries, and Rutledge Properties. Second-floor office tenants include financial advisors and other professionals.
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The Grossman Companies, Inc., (www.grossmanco.com) is a full-service commercial real estate firm involved in acquisition, development, management and brokerage. The company, which owns over three million square feet of commercial space in southern New England, owns several properties such as The Rotunda Building that make up its ‘Main Street’ portfolio. For more information, contact Jake Grossman jake@grossmanco.com) or 617-472-2000.
By Stanley Hurwitz / 508-269-0570 / stanhurwitz@gmail.com
