The Registry Review: Sept. 9, 2019

Page 1

Vol.41, No.36

www.thewarrengroup.com

W E E K O F M O N D A Y, S E P T E M B E R 9 , 2 0 1 9

THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group

WEEKLY SALES OF NOTE

MEGA-PROJECTS

826,828 & 836 CENTRAL AVE. . . . . . . . . . . . . . . . . . . $8,150,000 B: AMJ Hospitality Inc S: Okad Of Dover LLC Use: Commercial Use, Lot: 256133sf

Bedford

23 ARROW HEAD DR. . . . . . . . . . . . . . . . . . . . . . . . . . $2,450,000 B: Heather M Newell Tr, Tr for Heather M Newell T S: John H Smith Tr, Tr for John H Smith RET Use: 4 Bdrm Conventional, Lot: 109771sf

Meredith

86 CATTLE LANDING RD. . . . . . . . . . . . . . . . . . . . . . . $2,300,000 B: Michael P Hermsen & Julie D Hermsen S: Samuel G Travis TR, TR Samuel G Travis RET Mtg: Bank of America NA $1,600,000 Use: 1-Family, Lot: 60548sf

Portsmouth

96 STATE ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,000,000 B: 96 State LLC S: Whalesback Light LLC Mtg: Partners Bank $1,600,000 Use: Restaurant/bar, Lot: 3180sf

Sunapee

1090 LAKE AVE GM. . . . . . . . . . . . . . . . . . . . . . . . . . . $1,572,533 B: Michael L Zea & Elizabeth W Zea S: Sandra P Markowitz

Rye

13 PERKINS RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,200,000 B: Merrill Macinnis & Sandra Y Caterine S: Mary E Dirago Tr, Tr for Bittersweet RET Mtg: Inst Svgs Newburyport $960,000 Use: 4 Bdrm Colonial, Lot: 15000sf

North Hampton

23 SQUIER DR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,175,000 B: Mckenna A Wish & Nathaniel Wish S: Sarah W Kenda Use: 4 Bdrm Colonial, Lot: 181210sf

Bedford

72 SETTLERS CT. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,174,000 B: Kurt G Sandstrom & H A Brennan-Sandstrom S: John F Grimaldi & Catherine C Grimaldi Mtg: Camden National Bank $880,500 Use: 4 Bdrm Colonial, Lot: 71438sf

Merrimack

1 HARRINGTON DR. . . . . . . . . . . . . . . . . . . . . . . . . . . $1,165,200 B: David Arguin & Valerie Arguin S: Ronald Hayward Tr, Tr for Hayward FT

Nashua

1 CHERRYWOOD DR. . . . . . . . . . . . . . . . . . . . . . . . . . $1,150,000 B: Mohamed M Elansary & Nadia Elfiky S: Susan A Crandall Tr, Tr for Cherry Court T Mtg: JPMorgan Chase Bank $920,000 Use: 4 Bdrm Contemporary, Lot: 36808sf

Boscawen

ASBY RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,025,000 B: Meadowsend Timberlands S: Olsen Family Partnership IV LTD

Londonderry, Salem Bet on ‘Live-Work-Play’ Woodmont, Tuscan Projects Offer Contrasting Approaches BY JAY FITZGERALD REGISTRY REVIEW STAFF

O

ne might say they’re mixed-use developments on steroids. Two huge development projects in Londonderry and Salem – one on a former apple orchard and the other at the site of the former Rockingham Park racetrack – are now both fully under way, promising millions of square feet of new office, retail and housing space in southern New Hampshire and testing the popularity of the “live, work, play” concept in smaller-town settings. The long-awaited first two buildings of Londonderry’s Woodmont Commons project, located on more than 600 acres of land, are as of publication set to open this fall, with the popular 603 Brewery serving as an anchor tenant in one and the other featuring 87 new apartments.

Millions of Square Feet in Pipeline This fall, Pillsbury Realty Development, headed by Michael Kettenbach, is also expected to break ground on yet another building at Woodmont that will include ground-floor retail and restaurants and an additional 56 residential units, said Ari Pollack, a lawyer for Gallagher, Callahan & Gartrell, which represents Pillsbury Realty. If all goes well, the multi-phase Woodmont Commons project – touted as Londonderry’s “new downtown” just off Interstate 93 – could include 1,400 residential

Londonderry’s Woodmont Commons will see 1,400 housing units and 3 million square feet of commercial space built over 20 years.

units and 3 million square feet of commercial space, assuming everything gets built over the next 20 years or so, Pollack said. Meanwhile, Tuscan Village, developed by local businessman Joe Faro’s Tuscan Brands, recently saw the opening of a new Market Basket, Ford dealership and 270-unit apartment complex at the site of the old 170-acre Rockingham Park, also just off I-93 – with

96 additional condos currently under construction. In addition, Tuscan Village recently started infrastructure work on the “south village” portion of the project that could potentially include 900,000 square feet of office space, two hotels, 600,000 square feet of retail space and 450 multi-family residential units.

New Hampshire Market Statistics 2,500 2500 2,000 2000

REAL ESTATE RECORDS

1,500 1500

TRANSACTIONS THRU

3 Belknap ���������������������������� 08/27/19 4 Carroll ���������������������������� 08/27/19 4 Cheshire ������������������������ 08/27/19 5 Coos �������������������������������� 08/27/19 5 Grafton ���������������������������� 08/27/19 6 Hillsborough ������������������ 08/27/19 8 Merrimack ���������������������� 08/27/19 10 Rockingham ������������������ 08/27/19 12 Strafford ������������������������ 08/27/19 13 Sullivan �������������������������� 08/27/19 13 Bankruptcies 14 Lien & Attachments 14 Foreclosure, Mortgagee & Other Lien Auctions 14 Requests for Bids & Proposals

1,000 1000 500 500 00

Jul. Aug. Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb. Feb. March Mar. Apr. Apr. May May June July July Jun. July ’18

’19

Number 2500 of 2,500 Sales 2000 2,000 1500 1,500 1000 1,000

500 500 00

July July ’14

July July ’15

July July ’16

July July ’17

July July ’18

July July ’19

July 2014 July 2015 July 2016 July 2017 July 2018 July 2019

Continued on Page 16

TO OUR READERS

Single-Family Sales By Month

INDEX PG COUNTY

Image courtesy of Pillsbury Realty Development

Dover

Number of Sales

Change Prior Year

1,562 1,974 1,827 2,016 2,019 1,908

-4.52% 26.38% -7.45% 10.34% 0.15% -5.5%

q Statistics based on single-family home sales of $1,000 q Source: The Warren Group

©2019 The Warren Group Inc. All rights reserved. No part of this publication may be reproduced without the written consent of the publisher.

T

he Registry Review is online! After more than 40 years as a printed newspaper, all of the real estate information you rely on is now available at www.theregistryreview.com. (There are no plans to cease publication of the newspaper.) All current subscribers have complimentary access to the website. When you first visit the site, please click the “forgot password” button to set up your account. If you have any problems please call or email customer service at 617-896-5388 or customerservice@thewarrengroup.com. If you have any feedback or would like to contribute content, please email editorial@ thewarrengroup.com. Sincerely, Cassidy Norton Associate Publisher The Warren Group


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