Belmont Moves On Host Agreement Negotiations With Two Pot Shops

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Photo: A Mint dispensary in Tempe, Arizona

Belmont has established its team to broker a deal with a pair of firms seeking to open retail marijuana establishments on Pleasant Street.

The Select Board voted on Monday, May 18 to have Town Administrator Patrice Garvin, Office of Community Development Director Glenn Clancy and Board member Adam Dash to negotiate the Host Community Agreement with the owners of Mint Retail Facilities LLC and Cal Verde Naturals.

Meant to mitigate the local impacts of the businesses such as increased traffic, host agreements are limited to five years from the day the dispensaries open their doors, and the fees paid to the town cannot exceed three percent of the businesses gross sales.

Late last year, the state legislature passed a law prohibiting communities from gouging pot shops with added fees and “contributions” above the three percent threshold. In 2019, Falls River Mayor Jasiel Correia was arrested for extorting hundreds of thousands of dollars from businesses by accepting bribes in exchange for license approval.

The host agreement is one of two requirements – the other is for the applicants to hold public outreach meetings in the community – the businesses must have before they can apply for a license from the state’s Cannabis Control Commission, according to Blake Mensing, who is an owner of a dispensary.

In addition to the host agreement negotiations and the applicant’s public meeting, residents will have a third opportunity to speak out concerning the businesses when they go before the Planning Board.

Arizona-based Mint, which has three other applications in the state, is seeking to rehab the Lenny’s Service Center site at 768 Pleasant St. into a “world class adult-use“ retail operation.

Winchester couple Kelly and Stephen Tomasello have leased 3,600 sq.-ft. of commercial space at 1010 Pleasant St. where they hope to open Cal Verde Naturals, which will include a 2,100 square foot dispensary.

Town Requires Facemasks In Belmont Businesses; Fines Could Come After Review

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Photo: Masks are now required shopping in Belmont

The Belmont Board of Health and Select Board separately approved an emergency order on Monday, April 27, requiring customers to wear facemasks or coverings when entering “essential” businesses in town. The regulation also mandates employees to be masked.

The regulation goes into effect immediately and will continue until the Board of Health deems it unnecessary or the state ends the essential business designation.

The order targets businesses and services, not outdoor activities in public spaces such as running, biking, walking or walking the dog.

The order requires signs be posted storefronts informing the public of the regulations. Stores should limit the number of customers in the establishment in an effort to “enhance social distancing” while also offering the option of home delivery or online purchases and payment.

Business will also need to step up employee illness surveillance by asking if the worker has been ill as well as take their temperature before their shift.

While the new regulation does not have penalties for violating the emergency order, they could be added by the boards in the near future if they feel it is warranted.

The regulation comes as many communities – including Brookline, Salem, Beverly – are requiring residents to wear masks when entering a store or in public spaces. Somerville, for example, will issue a $300 ticket to those violating its regulations in any public indoor or outdoor space.

According to Wesley Chin, Belmont’s Health Department director, the order is to provide an extra level of safety for employees of supermarkets, take out eateries and stores such as CVS Pharmacy who deal with the public during the pandemic. This week an employee of the Star Market on Trapelo Road died of the coronavirus.

A Star Market manager told Chin and Assistant Director Diana Ekman last week that passing an order requiring masks even without a fine against violators, their employees “would feel more empowered to walk up to a customer and ask them to ‘please put on face covering before entering the store’.”

“I don’t see a reason to wait to help supermarket workers,” said Julie Lemay of the Board of Health.

While the Board of Health does have the authority to enforce the new order, Chin said his small and very busy department doesn’t have the ability to issue tickets or fines to scofflaws.

Despite that challenge, Select Board’s Adam Dash and newly-appointed Board of Health Chair Stephen Fiore believe the new regs should have designated fines for those who break the order. They are hoping to amend the emergency decree within the next two weeks.

Here’s Your List Of Belmont Eateries Open For Business

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Photo: The menu is ready for your order!

If there was ever a time to be a patron of Belmont’s restaurants, cafes, pizzerias, and takeout places, now is that time. With the COVID-19 pandemic halting sit-down eating, the town’s eateries can now only provide takeout service to their customers at a significant financial hit.

Thanks to Bonnie Friedman and Belmonthelps.org who created the Belmont Covid-19 Resource list, Belmont residents now have an updated list of restaurants and eateries that are still open and their hours.

“Please support them, if you can,” said Bonnie.

And an honorary Belmont restaurant

  • Conley’s Pub & Grille, https://conleyspub.com, 617-393-0237, open for take-out, noon to 9, 164 Belmont Street, Watertown

Arizona Business Express Interest In Opening Pot Shop On Pleasant Street

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Photo: An image of Mint’s retail pot operation on Pleasant Street.

An Arizona-based firm described as “an industry leader in the blossoming cannabis industry” has sent a notice of intent to Belmont town officials to open a “world class adult-use“ retail marijuana dispensary on Pleasant Street where a service station is currently located.

Mint Retail Facilities LLC which runs a pair of retail shops in the Phoenix suburbs of Guadalupe and Mesa hopes to open its first Massachusetts operation at 768 Pleasant St. “no later than Dec. 31, 2020” if all goes to plan.

The one-story building will be constructed where Lenny’s Service Center is currently operating, adjacent to My Other Kitchen and Auto Engineering Body Work and Cityside Subaru.

Shops near Tempe.

The firm, owned by Eiavan Sahara, is concurrently seeking state cultivation and manufacturing licenses in Palmer and Beverly.

Mint joins Winchester couple Kelly and Stephen Tomasello who have expressed interest in turning a commercial storage site at 1010 Pleasant St. into Cal Verde Naturals, 3,600 square foot single story “retail wellness shop.”

While both ventures will need to commit to discussions on host community agreements, no time line has been established with either group, said Patrice Garvin, Belmont’s town administrator, to the Select Board on Monday, Dec. 16.

The town is currently drafting guidelines with the help of Town Counsel George Hall for applicants to follow during the licensing process.

Once the business receives a provisional license from the state’s Cannabis Control Commission – following the signing of a host community agreement with the town and the issuance of a special permit from the Planning Board – it will begin construction and open its operation within 180 days.

According to a business plan sent to town officials, the firm will seek to operate seven days a week from 8 a.m. to 8 p.m. The building will have limited access areas for security and operational reasons with “buzz-in” electronic/mechanical entry systems. The firm’s letter to the town details other areas of the operation including odor controls, waste disposal, storage, inventory and transportation of weed.

The store will sell flowers, concentrates and extracts, infused edibles, accessories and branded merchandise with produces coming from its own manufacturing plants as well as other suppliers including providing “priority consideration to product cultivated in Belmont by independent cultivators.”

One area Mint hopes to cultivate is a delivery service which would go counter to one of the two town restrictions placed in the marijuana bylaw; the other being a 25 year old age restriction on the purchase of pot.

In a profile by the Spanish-language press association EFE News, its Arizona operations – located near the Arizona State University – are “visited daily by some 1,000 customers” selling everything imaginable related to the weed “from infusions to cannabis-themed T-shirts and souvenirs.” Mint’s website promotes store proportionals like a “Toasted Tuesday Sale” when customers can purchase “one gram of flower wrapped in Shatter, then submerged in Kief” for “ONLY $25.”

Mint’s most innovative offering is a first-of-its-kind medical marijuana kitchen serving up “blueberry muffins, salad, pizza, and macaroni and cheese with a dash of cannabis.”

Crunching the numbers, the firm expects to spend $1.5 million in capital costs and working capital to open the Belmont store. By its second year, the firm predicts the store will gross $9.5 million with net income of $700,000.

In addition, Mint forecasts Belmont receiving $276,000 in combined local marijuana and community impact taxes in the first year increasing to $660,000 by the fourth year. The firm said it will create 20 new jobs and pay half a million dollars in salaries and benefits.

Mint, which is also seeking to enter the Michigan market in 2020, is seeking to ride the rapidly growing cannabis retail market with forecasts of the total economic output of legal retail pot will skyrocket 150 percent from $16 billion in 2017 to $40 billion by 2021, according to BDS Analytics.

A Detroit native, Sahara started his first business at 19 with a low price auto glass repair operation before heading to Phoenix to start up a number of discount businesses. Sahara is owner of a glass repair operation for the past 11 years achieving $1 million in profits in 2018.

Two Years In the Making: Starbucks’ Cushing Square Store Reopens Friday

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Photo: Starbucks is open for business in Cushing Square.

Twenty-five months after its past location shut down, Starbucks has officially returned to Cushing Square as its spacious new store opens for business this morning, Friday, July 12.

The store will be open daily from 5 a.m. to 9 p.m.

The international coffeehouse chain opening marks the first retail operation to take place in the Bradford, the three building housing/retail/parking development in the heart of Cushing Square, bordered by Trapelo and Williston roads and Common and Belmont streets.

The 42 seat store will have 25 to 35 employees working on the site. Currently, the new store does not have access to approximately 20 off-street parking spaces adjacent to the location as construction continues at the site.

Town Issues Cushing Sq. Starbucks Occupancy Permit

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Photo: The location of the new Starbucks in town.

The Belmont Office of Community Development issued a certificate of occupancy to Starbucks Coffee Company on Tuesday, June 19, to allow its cafe at 110 Trapelo Rd. to open for business, said Glenn Clancy, the town’s director of community development.

“It will be opening up any day now,” Clancy told the Belmontonian at the School Committee meeting at the Chenery Middle School.

The cafe is located on the ground floor of the Winslow building in the Bradford development which occupies the block surrounding Common Street, Trapelo Road, Belmont Street, and Williston Road. The apartment/retail/parking project is being built by Toll Brothers Apartment Living.

The 42 seat store staffed with 25 to 35 employees will have approximately 20 off-street parking spaces adjacent to the location.

While the store will be open daily from 5 a.m. to 9 p.m., the company will likely ask the town to approve a closing time of 10 p.m. which was permitted in the special permit approved by the Zoning Board of Appeals.

Bank On It: Chase Replaces Coldwell Banker in Center

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Photo: The future home of Chase in Belmont.

Even James Holzhauer could come up with the question to this Jeopardy! answer: “An endless number.”

The question: “How many banks branches can fit in Belmont Center?”

The latest financial outpost to stake a claim in the “Town of Homes” is the US’s largest bank as JPMorgan Chase & Co. is filing permits with town departments to create an office at 7 Channing Rd. in the former Coldwell Banker office, according to town officials.

Chase is joining branch offices of six banks in Belmont’s business hub: Bank of America, Citizens Bank, Cambridge Savings Bank, Santander Bank, and People’s United Bank which completed its acquisition of Belmont Savings Bank this month.

Old-timers remember the site, owned by Retail Site Processing of Bedford, as an Exxon service station until 1996. For a decade it housed convenience stores (including a 7-11 franchise) before closing in 2006. The 15,600 sq.-ft. building became the Coldwell Banker location in 2007.

Coldwell Banker is relocating to the former Boston Musician Association’s office at 130 Concord Ave.

Chase’s retail banking division entered the Boston market last year concentrating in Boston with a branch and three ATMs. They have also added automated tellers along the Mass Pike in the last year.

In the past month, the financial behemoth (with $2.623 trillion in assets (2018)) converting one of few remaining Friendly’s restaurants located in the Watertown Mall on Arsenal Street as well as opening a branch in Dedham across from the Legacy Place mall. Belmont would be the first suburban office not linked to a large retail center.

The current retail strategy by the New York City-based multinational investment bank and financial services company run by CEO Jamie Dimon of opening 400 branches from Boston to Washington DC. with 50 in eastern Massachusetts runs counter to market trends as most banks are closing offices as banking functions are increasingly being performed online.

Belmont Business Owners Being Asked In Survey How To Stimulate Local Economy

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Photo: Businesses in Belmont Center.

The Town of Belmont is sponsoring a survey conducted by the Metropolitan Area Planning Council (MAPC) to guide town policy and is asking for information about what changes Belmont business owners would change to stimulate the town’s economy, including their insights into how to create jobs, support business development, and strengthen the community as a whole.

We are currently distributing a town-wide business survey, which can be found at Belmont’s town website at www.belmont-ma.gov or directly on https://www.surveymonkey.com/r/BelmontBizSurvey.

All responses are optional, will be kept confidential, and will only be published in aggregate. The survey should take about 15 minutes to complete per business.

For more information, contact Raul Gonzalez, Economic Development Planner for MAPC, at 617-933-0722 or by e-mail at rgonzalez@mapc.org or Patrice Garvin, Town Administrator for the Town of Belmont, at 617-993-2610 or at pgarvin@belmont-ma.gov 

Next Year’s Property Tax Rate Falls But Bill Continue Skyward As ‘Average’ Belmont Home Nears $1.1 Million

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Photo: An “average” Belmont home that recently sold for $1.1 million (and it’s a ranch!)

Belmont Board of Selectmen Chair Adam Dash said that next fiscal year’s property tax rate approved by the board Thursday morning, Dec. 13 isn’t that onerous compared to charges imposed in other Massachusetts city and towns.

“It’s our housing values that are high,” said Dash, focusing on the annual dichotomy of where lower tax rates result in raising taxes for Belmont’s property owners after the Belmont Board of Assessors presented its analysis of Belmont real estate valuation during its annual tax classification hearing before the Selectmen.

Robert Reardon, long-time chair of the Board of Assessors, announced that Belmont’s fiscal ’19 property tax rate – which begins on July 1, 2019 – will be set at $11.67 per $1,000 assessed value, a reduction of nearly half-a-buck from the fiscal ’18 rate of $12.15.

But the average quarterly bill isn’t shrinking with the new tax rate as the total assessed value of property in Belmont shot up to $7.947 billion from $7.497 billion in fiscal ’18 as home buyers continue to clamor into the “Town of Homes.” 

The healthy increase in Belmont property values also pushed up the average residential home value to $1,090,000, a jump of a little more than 8 percent or $86,000 in 12 months. “Incredible,” said Selectman and lifelong Belmont resident Mark Paolillo upon hearing what the new “average” has become.

With home prices increasing at a steady clip, the annual tax bill in fiscal ’19 on an average assessed valued property ($1,090,000 x $11.67) will be $12,720.30, an increase of $525 from the $12,195.56  in fiscal ’18.

And the town is squeezing every last drop of taxes from the levy; by taking in $89.25 million, it is leaving only $4,003.08 of excess capacity “on the table,” said Reardon. 

When Selectman Tom Caputo asked how the new 7-12 school building on the site of Belmont High School will impact tax assessments, Town Treasurer Floyd Carman said the nearly $215 million debt exclusion will be phased in over three years beginning in fiscal 2020. The town is expected to borrow between $85 to $90 million in long-term borrowing in the first two years with taxes on an average home increasing by $680 each year. The final year will be short-term bonds in the $25 million to $30 million range.

“Think $1,800 plus” total increase on the average property in taxes by the start of fiscal 2022, “assuming we keep our [triple A] bond rating,” said Carman.

As in past years, the assessors’ recommended, and the selectmen agreed to a single tax classification and no real estate exemptions. Reardon – who is director of Cambridge’s Assessing Department – said Belmont does not have anywhere near the amount of commercial and industrial space (at must be least a minimum of 20 percent, said Reardon) to creating separate tax rates for residential and commercial properties. Belmont’s commercial base is 3.9 percent of the total real estate.

“Every year, the layperson ask us why we don’t increase the commercial rate, and the reason is that is such a small, small impact,” said Reardon. If Belmont increased commercial rates to the maximum limit under the law, those tax bills would jump on average by $6,350 while residential taxes would fall to $381, placing an unfair burden on commercial owners and their renters “and make Belmont a less desirable town.” 

“People always assume there’s more money if you go with the split rate when it really is just shifting the cost to the commercial side,” Reardon said.

BREAKING: Belmont Savings Bank Acquired By People’s United For $327M

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Photo: The headquarters of Belmont Savings Bank in Belmont Center.

Belmont Savings Bank, the town’s largest business with nearly $3 billion in assets, will be acquired by Bridgeport,  Connecticut-based People’s United Bank for $327 million in a stock transaction, according to a press release from People’s United issued today, Tuesday, Nov. 27.

People’s United operates more than 400 branches in Connecticut, southeastern New York State, Massachusetts, Vermont, Maine, and New Hampshire. It is the second largest bank in New England with approximately $45 billion in assets at the end of 2017, one of the largest in the Northeast, and the 46th largest in the US.

While People’s will be introducing its name and management to the bank, “Belmont Savings will be operating business as usual through the closing which is currently anticipated to be in the second quarter of 2019, pending regulatory approval,” according to questions answered by the People’s Corporate Communications Office. In addition, there “are no plans to close any [of the six] branches” including the main branch and now former headquarters in Belmont Center.

The Belmont Savings Bank Foundation, which has been a leading provider of grants to non-profits, community projects and education in its service area, will “remain independent and continue to operate after the People’s United acquisition,” noted People’s. 

“People’s United Bank and Belmont share a rich history in the Northeast and many synergies that will create significant value for both customers and stockholders,” said Bob Mahoney, President & CEO, BSB Bancorp, Inc.in the press release.

“Our customers will benefit from People’s United’s broader array of products and services, enhanced digital capabilities and expansive branch network. In addition, People’s United’s success with in-store locations will allow for the seamless integration of our Star Market branches.”

The acquisition is a stock transaction in which BSB Bancorp, Inc. stockholders – the parent company of Belmont Savings – will receive two shares of People’s United Financial stock for each BSB share. According to the press release, the transaction is valued at $32.42 per BSB Bancorp, Inc. share, based on the closing price of People’s United’s common stock on Monday, Nov. 26. The stock transaction is expected to close by the second quarter of 2019.

BSB stock was trading at 2 p.m. at $31 per share, up $4.14 or 15.4 percent today.

The sale of Belmont Savings is not unexpected as large regional banks such as People’s and Berkshire Bank have been on a long-term acquisition campaign as they seek to break into the lucrative Boston market.