Watertown, MA – Belmont Savings Bank has announced the groundbreaking to renovate the clubhouse and pool for Oakley Country Club, a private 18-hole golf club in Watertown that was founded in 1898.
Belmont Savings is the sole lender, providing a $10.4 million loan.
“The Oakley Country Club is a historic Watertown locale, as it is the original home of noted golf course architect Donald Ross,” said Keith Andre, senior vice president, commercial real estate lending at Belmont Savings.
The main clubhouse is undergoing a complete renovation that will include a new pool complex, an expanded front entry, and outside decking to showcase the views of the Boston skyline.
John DeVito Sr., president of Oakley Country Club, said, “We look forward to continuing to work with the Belmont Savings team in the future, as well as the completion of the renovated clubhouse and pool.”
The renovated space is slated to open in spring 2019.