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Nashua Developers Showcase June 4, 2015 Nashua Office of Economic Development Nashua Business & Industrial Development Authority PROJECT SNAPSHOTS Nashua Developers Showcase 1 Nashua Developers Showcase www.nashuadares.com 2 TOOLS FOR SUCCESS Nashua Developers Showcase Nashua’s location, high quality of life, low crime rate and skilled workforce are certainly noteworthy. Similarly, New Hampshire enjoys a reputation as a place that’s easy to do business. Where we really shine is the personal touch that the Nashua and New Hampshire team will provide you through every step of your investment. We offer financial resources and assistance that are designed to help you grow and thrive. We’d be happy to discuss these in greater detail so that they can be structured in a way to enable your project to launch successfully. 3 Nashua Developers Showcase 4 www.nashuadares.com 2 EAST SPIT BROOK ROAD ABUNDANT LAND IN THE HEART OF THE CITY’S RETAIL DISTRICT A Retailer’s Dream 2 East Spit Brook Road is easily accessible from Route 3 (Everett Turnpike) via Exit 1 (Spit Brook Road) and Exit 2 (Circumferential Highway). Daniel Webster Highway is the common frontage for a large majority of retail businesses and is one of the most sought after retail destinations in New England. This site provides perhaps the last large opportunity for significant retail development in the core of South Nashua. The site also overlooks the Merrimack River. UNDER Infrastructure Investments Exit 36 South: The City is working collaboratively with the Town of AGREEMENT Tyngsborough, MA and the Nashua Regional Planning Commission to develop a strategy to establish a southbound exit for this critical access point. A recent study highlighted the positive impact it would have on traffic relief throughout the corridor. TOOLS FOR SUCCESS 5 Nashua Developers Showcase 2 East Spit Brook Road Land Area: 41.3 acres Zoning: General Business (GB) Permitted Uses: Retail, Commercial Location: Access to the FE Everett Turnpike via Spit Brook Road (Exit 1) and Exit 2. Contact Atlantic Management (508) 626-0025 www.atlanticmanagement.com UNDER AGREEMENT 6 www.nashuadares.com LAW PROPERTIES OPPORTUNITY AT THE INTERSECTION OF KEY INFRASTUCTURE Trains, Planes and Automobiles Strategically located in the heart of the Amherst Street Commercial District, the Law Properties leverage a superior location just steps away from two exits along the FE Everett Turnpike. Over 42,000 cars per day pass by on busy Route 101A. The complex also features active freight sidings and sits adjacent to the Nashua Municipal Airport. By 2022, existing leases end, providing the opportunity to master plan this site for a variety of high demand uses. The existing zoning can be modified to create new retail or residential uses based on the developer’s need. Infrastructure Investments Amherst St / Charron Ave Improvements: The City of Nashua is collaborating with three private entities to fund a $1.1M improvement project to ease traffic between Charron Ave and Diesel Rd (2015-2016) Boire Field Runway Expansion: A new, $16M expansion includes a 6,000 foot runway at Nashua Municipal Airport. TOOLS FOR SUCCESS 7 Nashua Developers Showcase Site Information Land Area: 21.8 acres Building Area: 320,000 sq. ft. Zoning: Airport Industrial (AI) Permitted Uses: Warehousing, manufacturing, industrial, airport –related Location: Frontage along Route 101A-Amherst Street. Proximity FE Everett Turnpike to Exits 7 and 8 . Adjacent to Nashua Municipal Airport and Hillsborough Branch (Pan Am Railways) Contact Brian Law Law Logistics (603) 883-5531 [email protected] www.lawlogistics.com 8 www.nashuadares.com BROAD STREET DEVELOPMENT EXCLUSIVE ACCESS VIA THE BROAD STREET PARKWAY Reclaimed Riverfront The opening of the Broad Street Parkway this fall will breathe new life into a previously secluded 48—acre opportunity along the Nashua River. Improved access and an innovative cleanup plan will transform this former industrial backwater into a unique mixed-use community. The property, once inaccessible, will now be a prominent address on a new parkway between Downtown Nashua and the highway. The site is currently zoned a mix of general industrial and residential, but is an ideal candidate for rezoning as a mixed use zone. A planned pedestrian bridge will connect this site to Mine Falls Park, Nashua most diverse and popular greenspace. Infrastructure Investments Broad Street Parkway: The 1.8 mile, two lane parkway will connect Downtown Nashua and the Millyard with the FE Everett Turnpike near Exit 6. The $82M project will be open in the fall of 2015. Mohawk Tannery Cleanup: A revised, in-situ cleanup approach will reduce site reclamation costs to as low as $4.5 M (previously $20M+) TOOLS FOR SUCCESS 9 Nashua Developers Showcase Broad Street Development Land Area: 34 acres Zoning: General Industrial (GI) and Urban Residence (RC) Permitted Uses: Residential, Industrial, Commercial Location: Direct access to the Broad Street Parkway, FE Everett Turnpike via Exit 6 Contact Bernie Plante Melton Associates, LLC (603) 879-9021 [email protected] Fairmont Meadows Land Area: 14.05 acres Zoning: Urban Residence (RC) Permitted Uses: Residential Location: Direct access to the Broad Street Parkway, FE Everett Turnpike via Exit 6 Contact Sam Tamposi Tamposi Companies (603) 883—2000 10 www.nashuadares.com 34 Franklin Street THE NEXT GREAT MILL REVITALIZATION STORY IN DOWNTOWN NASHUA Dynamic Possibilities Over 310,000 square feet of historic mill space is located in the heart of the Nashua’s walkable downtown, with a dramatic view of the Nashua River. This property is ready for renovation and transformation in what is an emerging market for multi-family loft apartments. The dramatic success of the neighboring Apartments at Cotton Mill provide a template for how to transform a Nashua industrial treasure. Approved, Mixed Use Overlay zoning allows for significant flexibility from site plan and parking requirements. Adjacent real estate, including the stately Greeley House, offer outstanding complementary opportunities. Infrastructure Investments Broad Street Parkway: The 1.8 mile, two lane parkway traverses the western edge of Franklin Street. Nashua Riverwalk: The 1.6 mile trail links multiple waterfront sites along the Nashua River, connecting residents and employees to Downtown Nashua. TOOLS FOR SUCCESS 11 Nashua Developers Showcase 34 Franklin Street Land Area: 3.39 acres Building Area: 310,000 sq. ft. Zoning: General Industrial -Mixed Use (GIMU) Permitted Uses: Residential, Industrial, Commercial Location: Direct access to Main Street in Downtown Nashua Contact Michael Tamposi, Jr. CBRE—New England (603) 792-2602 12-13 Front Street Land Area: 2.8 acres Building Area: 5,000 sq. ft. Permitted Uses: Residential, commercial Location: Direct access to Main Street Contact Ronald Fredette KW Commercial NH (603) 540-4489 [email protected] 12 www.nashuadares.com Bridge Street Waterfront GROWTH ALONG NASHUA’S EASTERN GATEWAY Phase One Site Plan The phase one site plan is an excellent market opportunity for immediate buildout of rental product in a natural outdoor environment with waterfront amenities. The 9—acre development site is fully permitted and approved for 228 apartments, a common house, with an upper level 3,500 sq. ft. restaurant. The development has the option to expand into a fourth multi-family building on the private property owners parcel, with access and easements already coordinated. Future phases provide the opportunity for a total buildout of over 700 units of housing. Infrastructure Investments East Hollis Street Roundabout: Design is underway for a new intersection at the foot of the Taylor Falls Bridge, which will improve access to Phase I and move traffic along the busy Route 101a and Route 111 corridors. The $3.5M project is fully funded and will be completed by 2018. CSO Screening & Disinfection Facility: The City constructed an innovative underground combined sewer overflow facility underneath the planned roadway (completed in 2014) TOOLS FOR SUCCESS 13 Nashua Developers Showcase Bridge Street Waterfront Phase I Land Area: 9.5 acres Zoning: General Industrial: Mixed Use (GIMU) Permitted Uses: Residential, Industrial, Commercial Location: Route 111 (East Hollis Street) and Route 101a (Bridge Street) Bridge Street Waterfront Phase II & III Land Area: 17.5 acres Zoning: General Industrial -Mixed Use (GIMU) Permitted Uses: Residential, Industrial, Commercial Contact Ryan Porter Renaissance Downtowns, LLC (516) 433-9000 [email protected] www.visualizenashua.com 14 www.nashuadares.com 158-159 Temple St MOVE IN NOW AND WATCH THIS NEIGHBORHOOD BLOSSOM 158-159 Temple St This high visibility property is an ideal location for a variety of commercial uses. It consists of a 11,186 sq. ft. industrial building with a showroom space and a small repair shop situated on 4.4 acres. There is also the possibility of a curb-cut access to Bridge and Canal Streets. This site sits at the center of the East Hollis Street Master Plan study area. The plan anticipates the transformation of this industrial area into a thriving, mixed-use destination served by a future passenger rail station. The plan contemplates tax increment financing districts to help fund infrastructure and aesthetic improvements in the area. Infrastructure Investments 25 Crown Street: The City purchased the property in 2013 to develop a Downtown train station to be used when passenger rail is extended from Boston/Lowell to New Hampshire. In the mean time, the
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