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Major redevelopment in Portsmouth on State Street to cost ‘tens of millions’ by NH Business Review for Jeff McMenemy-Portsmouth Herald

Major redevelopment in Portsmouth on State Street to cost ‘tens of millions’ by NH Business Review for Jeff McMenemy-Portsmouth Herald
Portsmouth Redevelopment

A mixed-use redevelopment of the former Daily Times building site on State Street in Portsmouth is heading to the city Historic District Commission for review. (Photo by Michael J. Keane Architects, provided by the City of Portsmouth

The major mixed-use project proposed by developer Peter Floros to redevelop the former Daily Times building site and other lots adjacent to it is slated to be discussed at this week’s Historic District Commission meeting.

Floros is proposing to build a new four-story mixed-use building at 266-278 State St. in the heart of Portsmouth’s historic downtown core, according to documents filed with the city.

Attorney Christopher Mulligan, who is part of Floros team, submitted what he described as a “conceptual design proposal for the redevelopment of the property with all new construction, based upon variances obtained in November of 2024.”

Floros has been trying to redevelop the properties since a fire in April 2017 damaged or destroyed several buildings, including the State Street Saloon and the historic 1850s-era Daily Times building at 278 State St.

Floros’ proposal calls for a mixed-use development at the prime downtown location, which would feature commercial and retail on the ground floor, and 17 residential units above, according to documents previously filed with the city.

Read the full story at Portsmouth Herald

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Categories: News, Real Estate & Construction
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