People and Property: Real Estate and Construction News From Around NH
Former Indian Head Building in Nashua, Hoffman building site in Rochester, to become apartments … and more
Manchester-based Brady Sullivan Properties has sold the former Indian Head Bank building, one of downtown Nashua’s most recognized properties, for $1.6 million to a Massachusetts firm that plans to convert the structure into apartments. Vacant at the time of the sale, the building at 146-150 Main St., consists of over 18,000 square feet and features period architecture, vaulted ceilings and oversized windows, as well as a dedicated parking lot on site. The buyers were Massachusetts-based developers Giancarlo Tiberi and Greg Donovan of Core Development. They have master-planned a residential conversion of the office property, calling for 22 apartments over the three stories. Tiberi said the acquisition is “a long-term buy and hold for us. We love the architectural details of the property and feel like these residences will be a great addition to Main Street.”
James Tobin facilitated the sale on the seller’s behalf along with Charles Panasis and Jamison Bibaud of Brady Sullivan.
Demolition has begun on the historic Hoffman building on North Main Street in Rochester, paving the way for a six-story project that will include 45 apartments and 2,200 square feet of commercial space.
Steve King, senior project manager for Groen Construction of Rochester, told Foster’s Daily Democrat that crews began bringing down 55 North Main St., where Hoffman Furniture closed in 1986, last Friday.
Vespar Duffy has joined the Franconia office of Peabody & Smith Realty as a sales agent. Duffy was the owner/operator of a hair salon and spa in North Conway for many years and now lives in Franconia.
Solar Power World magazine has listed White River Jct., Vt.-based Norwich Solarat No. 151 on its list of Top Solar Contractors in the U.S. All told, 411 contractors were listed. The ranking is based on self-reported total kilowatts installed by each company
Keller Williams Metro, Bedford, has named Realtors Cheryl Grant of Londonderry and Kris LaBrake of Concord growth managers for the firm. Grant serves the KW Metro Londonderry branch and LaBrake serves the KW Metro Concord branch. Growth managers provide productivity coaching, weekly training and individualized support to agents, recruit agents and manage their branch offices.