The Edison on the Charles
Update
09/10/17
Developers begin rebuilding fire-ravaged Waltham apartment development
Developers Daiwa House and Lincoln Property Company have begun rebuilding The Edison on the Charles, a 264-unit apartment development in Downtown Waltham that was destroyed by a fire in July. Cleanup of the site and demolition of fire-destroyed structures will begin the week of September 17th, after which construction of five new buildings will begin. "We’ve received our insurance proceeds, and we’re going to proceed and rebuild exactly the same project, in the same location, with all the benefits that the City of Waltham is going to attain from this development,” said John Noone, Lincoln Property Company's Northeast Region Executive Vice President, in an interview with Wicked Local Waltham. Officials have determined that the 10-alarm blaze that destroyed The Edison on the Charles, which was fully framed and nearing completion, was set by an arsonist; property damages are estimated at $110 million.
