News From the World Wide Web

McNabb’s big Portsmouth Congress Street project heads to vote by NH Business Review for Jeff McMenemy-Portsmouth Herald

McNabb’s big Portsmouth Congress Street project heads to vote by NH Business Review for Jeff McMenemy-Portsmouth Herald
Mcnabb Portsmouth Development

Portsmouth developer Mark McNabb’s proposed redevelopment at 1 and 15 Congress St. in Portsmouth.” Courtesy of the City of Portsmouth)

Developer Mark McNabb is seeking the Planning Board’s approval of his major downtown “residential and mixed-use commercial development,” according to documents filed with the city.

The board on Thursday is scheduled to discuss whether to grant site plan approval for McNabb’s proposed redevelopment of the two prominent downtown properties at 1 and 15 Congress St.

The project is seeking to combine and merge the previously approved 1 Congress St. project with the proposed redevelopment of the former J.J. Newberry department store at 15 Congress St.

A total of 40 residential units are being proposed in the redevelopment project, according to documents filed with the city.

One Congress St. was built in 1800 and was most recently appraised at $5.1 million, according to city records.

The former J.J. Newberry store building was built in 1920 and most recently appraised at $12.6 million, according to city records.

“The project also requests a Parking Conditional Use Permit (CUP) … for providing 19 parking spaces where 53 parking spaces are required,” according to John Chagnon of Haley Ward of Portsmouth, who is part of McNabb’s development team.

To read the full story, visit Seacoastonline.

This article is being shared by partners in the Granite State News Collaborative. For more information, visit collaborativenh.org.

Categories: News, Real Estate & Construction
FromAround TheWWW

A curated News Feed from Around the Web dedicated to Real Estate and New Hampshire. This is an automated feed, and the opinions expressed in this feed do not necessarily reflect those of stevebargdill.com.

stevebargdill.com does not offer financial or legal guidance. Opinions expressed by individual authors do not necessarily reflect those of stevebargdill.com. All content, including opinions and services, is informational only, does not guarantee results, and does not constitute an agreement for services. Always seek the guidance of a licensed and reputable financial professional who understands your unique situation before making any financial or legal decisons. Your finacial and legal well-being is important, and professional advince can provide the support and epertise needed to make informed and responsible choices. Any financial decisons or actions taken based on the content of this post are at the sole discretion and risk of the reader.

Leave a Reply