Welcome guest, you have 3 views left. | Register | Sign In
 Contests
 Readers' Choice
 Movie times
 Property Transfers
 Auctions
 Restaurant reviews
action:article | category:NEWS13 | adString:NEWS13 | zoneID:7

Home » News » Avenues

AVENUES PARTNERS:
NH homes for sale

Search MLS

Courtesy of


Type:
Residential
Condominium
Multi Family
Land
Mobile Home
Commercial
Rentals

Towns & cities:
Price:
Low:   $
High:   $
Villages:

Locate open houses

Search By MLS #

Classifieds


 ♦ REAL ESTATE
 ♦ APARTMENTS
 ♦ HOME SERVICES
 ♦ MERCHANDISE

Click to place free online ad for items valued under $500.

Opinion

May 27. 2013 9:18PM

College boom

Towers would house more Manchester students


A developer wants to buy the Pearl Street parking lot from the city and build two towers for college students in Manchester. DAVID LANE/UNION LEADER 

MANCHESTER — A Massachusetts developer is talking with city leaders about buying the city's Pearl Street parking lot and investing up to $70 million to build two residential towers catering to college students, according to a project consultant.

If the private developer acquires the lot and gets the necessary city approvals, the first tower could open by late summer 2014, with the second tower opening as demand permits, according to consultant Mike Castagna.

"Something like this is going to be a catalyst for further development," said Castagna, who would manage the project's day-to-day operations.

The project could provide space for as many as 1,100 beds as well as parking for both residents and the public. The towers would be reserved for college students to live in apartments, rather than in traditional residence halls.

Mayor Ted Gatsas confirmed he met with the developer in recent weeks about a potential residential project on the site of the 328-space parking lot north of Bridge Street and east of Elm Street. Gatsas would not discuss specifics of the proposal.

Castagna said two other developers also have expressed interest in the project.

21,000 students

Manchester's colleges and universities host about 21,000 students, according to Thomas Horgan, president and CEO of New Hampshire College & University Council in Concord, a nonprofit consortium of 22 public and private institutions of higher learning.

"I think there's probably a demand," Horgan said.

"We certainly have seen in recent years an increased demand from students who want to stay on campus," he said. "Probably a generation ago, it was popular to spend a year or two on campus and then go off campus. Increasingly, people want to stay on campus for the community atmosphere."

This fall, for instance, Southern New Hampshire University, which straddles the Manchester-Hooksett line, expects to open Tuckerman Residence Hall, which can hold 308 students, according to spokesman Gregg Mazzola.

In the latest proposal, each tower would include three levels of parking, including one below-ground, and eight floors of residences, Castagna said. Combined, the two towers would provide space for 1,100 beds in a variety of living configurations to accommodate either single or married students with children, Castagna said. The project also would provide 800 to 1,000 parking spaces in the two towers.

Apartment buildings, retail businesses and offices now ring the nearly three-acre parking lot.

Alayna Peck, a stylist at Allure Salon, one of the parking lot's closest businesses, welcomed the development.

"It's going to generate a lot of business because they'll be a lot of people up and down the street," Peck said of the Pearl Street business.

There will be public parking available for rental.

Housing a priority

Castagna said he wasn't ready at this point to release estimates for renting units or parking spaces. He declined to name the Andover, Mass., developer.

"It's a development group that has some money and horsepower behind it," he said.

Castagna said the developer is in talks with city leaders over the price tag for the parking lot, which is less than a five-minute walk from the Massachusetts College of Pharmacy and Health Sciences (MCPHS).

"The mayor has his sense of what the lot's worth vs. the assessed value," he said.

Former Mayor Sylvio Dupuis, a special assistant to the president of MCPHS, said the college plans to grow in Manchester.

"The more we expand, the more we'll have a need for that kind of housing," Dupuis said.

Castagna said he has talked with officials at MCPHS, the University of New Hampshire at Manchester, Manchester Community College and the New Hampshire Institute of Art.

He said he led a charette, or brainstorming session, in 2008 to identify what the neighborhood needed or wanted; student housing was noted as a priority.

mcousineau@unionleader.com




Real Estate

Judge nixes house arrest for man convicted in Ponzi scheme

More than 250 people crowded a meeting Tuesday night on Mount Sunapee's five-year master plan.

Sunapee officials say they don't plan to build housing

RocketDrop is the fastest-growing private NH company on Inc. list

July new home sales disappoint

The “new” Farragut Hotel, seen in 1987, was built on Ocean Boulevard in Rye to replace the original, which was torn down in 1975, but it was never occupied and stood empty for more than 20 years before being torn down in 2003.

The Farragut Hotel: A landmark to Demoulas, Market Basket conflict

Home & Garden

Kathy Zorawicz's driveway had to be torn out due to water damage. She successfully appealed a driveway permit waiver fee via the Goffstown Board of Selectmen.

Goffstown resident obtains driveway permit waiver, but still questions practice

READER COMMENTS: 0

Resident Kathy Zorawowicz was unpleasantly surprised when she learned that she would have to pay a $100 permit fee to repave her driveway, due to damage she claims is the town's fault. While she...

Windham Estates to get more fire hydrants

READER COMMENTS: 0

As part of a long-overdue water line replacement, the Windham neighborhood will get nine more fire hydrants. Right now there is only one hydrant servicing Windham Estates.

The garden of Michael and Betsy Gordon in Peterborough is one of six on the Aug. 23 Open Days tour in the Monadnock Region.

Monadnock-area garden tour Aug. 23

READER COMMENTS: 0

The Garden Conservancy's next NH open gardens day focuses on the Monadnock Region.

Community garden in Salem busts out all over, causing concern

READER COMMENTS: 0

It has been a great growing season at the town's community gardens at Hawkins Farm, in fact, maybe a little too good for some gardeners who have been expanding their plots more than is allowed.

Exploring New Hampshire's not-so-secret gardens

READER COMMENTS: 0

These gardens aren't exactly a secret – most of them are public – but some of them will make you feel like you are walking into a fairy tale. Historic, beautiful, one-of-a-kind, unique;...

New Hampshire Agricultural Fairs create fun for all

READER COMMENTS: 0

We've already seen some fairs go by. But they start early in New Hampshire.

With Market Basket shelves bare, fresh produce from the Salem Farmers Market could be more popular than ever this weekend.

Salem Farmers Market organizers planning for big turnout

READER COMMENTS: 0

The Salem Farmers Market is reliably one of the busiest and best attended in the state. But this Sunday's market looks like it could be the busiest it has ever seen.

Nashua developer Gerald Nash

Developer Jerry Nash leaves legacy of honest real estate deals

READER COMMENTS: 0

In addition to his success as a New Hampshire real estate mogul, and his fame for being one of the most active developers in the state, Gerald “Jerry” Nash was a man of his word,...

Enzo Scott, 8, of Auburn feels the runoff as Garden Manager Tracy Morley pours water on a clump of straw while giving a lesson in the 4-H Teaching Garden at Massabesic Audubon Center in Auburn last week. Also pictured is Jacob Sevigny, 10, of Bedford.

More than plants grow in 4-H Teaching Garden

READER COMMENTS: 0

Lessons in helping others are growing in a garden plot on the grounds of the Massabesic Audubon Center.

Salem planners OK four-lot subdivision plan

READER COMMENTS: 0

The Planning Board has approved Richard Mika's plan for a four-lot subdivision on Lakeshore Road and Goodridge Avenue.