Retirement housing seen on Webster farm

September 2, 2004

NH Business Review Staff,

An Auburn real estate developer is planning to buy the 140-acre riverfront farm in Franklin where Daniel Webster grew up and turn it into retirement housing.

Elmer Pease II of PD Associates Real Estate Consultants signed a purchase and sales agreement for the property in the fall and expects to bring his initial building plans to city planners in August. Pease declined to say how many homes he hopes to build on the site or what he intends to spend developing it, but he described it as a retirement community.

Pease said he intends to refurbish the brick and wood buildings on the property, Webster’s house included, which have fallen into disrepair. He will market them to business or health professionals who serve the older population.

Categories: News

More news from NHBR:

Avesta Housing

Avesta Housing improves lives and strengthens communities by promoting and providing quality affordable homes for people in need.

Newborn Baby Feet Close Up On Mother's Lap: Black And White Photo Showing First Tender Moments, Soft Texture, Skin Tone, Parenthood, And Love.

Preparing for NH’s parental medical leave law

Now that 2026 is underway, New Hampshire employers should turn their attention to the state’s new Parental Medical Leave law (PML). Effective January 1, 2026, most employers with 20 or more employees are required to provide unpaid leave to allow employees to attend childbirth-related medical appointments, postpartum care and pediatric visits during a child’s first year.

NHBR About Town: Week of January 16, 2026

Business and event happenings around the state of NH

The Latest: Week of January16, 2026

The Latest is a roundup of the comings and goings of the movers and shakers in NH's business community

Security Breach, System Hacked, Internet Cyber Attack Alert With

Ask the Experts: Protect your business with a robust cyber plan

Cyberattacks now threaten organizations of every size and industry. Preventive security measures remain the strongest defense, but even the most sophisticated safeguards cannot guarantee immunity. Our panelist looks at what your organization should do if it’s been the victim of a cybersecurity breach.

Real Estate Investment Strategy With Property Value Estimation,r

The importance of asset location in wealth planning

When it comes to building and preserving wealth, most investors understand the importance of asset allocation — determining the right mix of stocks, bonds and other investments based on their risk. But there’s another layer of strategy that often gets overlooked: asset location.