The recent Zoning & Planning Committee meeting in Newton highlighted pressing concerns regarding the city’s commercial development landscape and the critical link between housing and economic growth. Andrew Capalani, a seasoned real estate developer with over 35 years of experience, expressed his commitment to serving on the Economic Development Commission, emphasizing the need for a strategic approach to attract businesses to Newton.

Capalani pointed out that the current oversupply of office space in the area poses a significant challenge for new commercial development. He noted that many businesses are hesitant to invest in new office spaces when existing vacancies remain unfilled. This situation has led to a stagnant commercial market, which has implications for the city’s tax base and overall economic vitality.

Councilor Elroy raised concerns about the decline in commercial properties, which have decreased by 11% over the past decade, shifting the tax burden onto residents. Capalani responded by stressing the importance of increasing housing availability to attract commercial businesses. He argued that without adequate housing, potential employees face long commutes, making Newton less appealing to businesses looking to establish themselves in the area.

The discussion also touched on the Northland site, which is undergoing changes from a live-work model to potentially more residential-focused development. Capalani indicated that the shift is necessary due to the current market conditions, where financing for new office developments is increasingly difficult to secure.

Councilor Lucas challenged Capalani’s assertion that Newton has not done enough to build housing, citing various approved projects. However, Capalani maintained that the pace of housing development has not kept up with the needs of the community, particularly in comparison to neighboring cities like Watertown, which have successfully integrated housing and commercial growth.

As the meeting concluded, the committee recognized the need for a collaborative approach to economic development, urging Capalani and the commission to provide actionable recommendations to the city council. The outcomes of this meeting underscore the ongoing dialogue about balancing housing and commercial needs in Newton, a critical factor for the city’s future growth and sustainability.