People and Property: NH Real Estate and Construction News Roundup

MVSB aids Wentworth Economic Development, L.L. Bean to open Tuscan Village store … and more

November 27, 2019

NH Business Review Staff,

Shown at the ribbon-cutting for Apple Ridge Apartment Homes, a new affordable housing apartment complex for families in Rochester, are, from left: Skip Manseau of D.R. Lemieux Builders LLC, builder; Dan Frost of the New Hampshire Housing Finance Authority; David R. Lemieux of McIntosh Development LLC, developer of the project; Dan Kierce of RBC Capital Markets; and Mike Scala, Rochester’s economic development director. Financing for the project was provided by NHHFA and RBC Capital Markets Tax Credit Equity Group, with additional funding including energy rebates provided by the Public Utilities Commission and USDA Rural Development, which provided a grant to offset the cost of installing the solar array.

After being named “Project of the Year” by the New Hampshire chapter of the American Planners Association, the Mill City whitewater park project in Franklin has received the same award from the Northern New England chapter. Marty Parichand, executive director of Mill City, Franklin Mayor Tony Giunta and City Manager Judie Milner were on hand for an event last month at the Omni Mount Washington Hotel to accept the award on behalf of Mill City Park and the city of Franklin.

Meredith Village Savings Bank recently purchased $12,500 in tax credits through the New Hampshire Community Development Finance Authority in support of the Wentworth Economic Development Corp., which works to promote economic growth in the eastern Lakes Region, including the towns of Brookfield, Effingham, Farmington, Middleton, Milton, Moultonborough, New Durham, Sandwich, Tuftonboro, Wakefield and Wolfeboro.

Longtime Peabody & Smith Realty sales associate Missy Sullivan has earned her associate broker license. Sullivan has worked for the firm for the last 11 years.

Outdoor retailer L.L. Bean will be opening a 15,000-square-foot store next fall in the 170-acre Tuscan Village mixed-use development in Salem. The company said the store will employ approximately 50 people and will feature its Outdoor Discovery Program, only the second of its stores to do so.

“Salem is an ideal location for us, situated among residential communities and near the gateway to adventures in the White Mountains,” said Greg Elder, retail vice president at L.L. Bean.

Greg Stewart has been promote to senior vice president of Jewett Construction, Raymond. Stewart, who started at Jewett in 2015, was previously a vice president.

Katherine Gemmecke has joined The Boulos Company as an associate in its Portsmouth commercial real estate brokerage. She is a licensed sales agent in both New Hampshire and Maine and works in all areas of commercial real estate located throughout the northern New England Seacoast.

U.S. Sens. Jeanne Shaheen and Maggie Hassan as well as Congresswoman Annie Kuster recently announced that the U.S. Department of Agriculture has awarded more than $7 million to the town of Bristol and the Forest Park Tenants’ Association Cooperative in Jaffrey to invest in water and wastewater infrastructure projects. The grants were awarded by the Rural Water and Wastewater Loans and Grants Program at the USDA. The USDA also allocated the towns more than $12 million in federal loans to assist with the projects.

AVA Gallery and Art Center’s Bente Torjusen West Sculptural Studies Building in Lebanon recently received LEED Silver certification. The 4,000-square-foot building, which opened in summer 2017, has been designed as a net zero structure, a goal it has achieved, since it produces as much energy as it consumes on an annual basis.

The lease of 11,000 square feet of commercial space at 470 Pine St., Manchester, NH from Tokena Corp of Manchester to Ready Set Connect Inc. of Manchester has been announced by Mike Reed of Stebbins Commercial Properties, who represented Tokena and assisted the tenant in the transaction.

The U.S. Department of Housing and Urban Development recently awarded a total of over $1.7 million to Harbor Homes Inc. and the NH Housing Finance Authority to provide affordable housing to people with disabilities. Harbor Homes was awarded $665,000 and the NHFFA was award $1.1 million through the agency’s Mainstream Housing Choice
Voucher Program. HUD said the funding will provide housing to about 194 individuals.