Concord, NH TFMoran engineers are working for developers Interchange Development, LLC to design and permit a proposed multi-phase mixed-use development to be known as Concord Crossing II on Whitney Rd. near I-93 Exit 17. The 43-acre site would be one of the largest recent mixed-use developments in central New Hampshire.
TFMoran’s services include master-planning, civil/site engineering, traffic engineering, permitting, and landscape architecture. The project is expected to be heard by the Concord Planning Board this summer.
Phase One of the 200,000 s/f development will include an 80,775 s/f Market Basket store – the third Market Basket in the city – with an attached 22,000 s/f retail space, and a new 12,000 s/f New Hampshire Liquor and Wine Outlet. It also includes the existing Dunkin’ Donuts – Mobil/Xtramart gas/convenience store. The project also includes a new two-lane roundabout at Hoit Rd. (Rte. 4) and Whitney Rd.
Phase 2 will consist of seven more pad sites housing retail shops, restaurants, a bank, medical offices, and a wireless communications facility. The third phase introduces a new industrial parcel to accommodate a 45,000-60,000 s/f distribution/warehouse/manufacturing facility. The parcels would all be served by city sewer and water.
The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units.
As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.