MERRIMACK, NH–An upscale mixed-use development is about to be added to the Merrimack landscape. Work on a new hotel, conference center, apartments, retail spaces and an office building is anticipated to begin in fall 2018 at the entrance of the Merrimack Premium Outlets.
Nashua, NH development company Monahan Companies joined forces with design-build firm PROCON of Manchester, NH as the architect and construction manager for the $100M project.
The conceptual design features a 5-story, 124-room Fairfield Inn & Suites by Marriott with a 5,000 SF Conference Center for special events, training meetings and functions. The hotel amenities will include an indoor pool, fitness center, dining area, 24/7 business center and more. Three 5-story luxury apartment buildings will offer one and two-bedroom options totaling 192 units. Plans also include a 42,000 SF office leasing space along with 28,000 SF of street-level retail and restaurants.
Merrimack Park Place will be the first live, work and play development of its kind in the area providing an urban-style walkable community. The 20-acre community will be just minutes from large companies like Fidelity, Anheuser-Busch, Atrium and BAE Systems. Together, these companies employ thousands of professionals who will have access to convenient housing, sophisticated guest accommodations and business function spaces, as well as a wider selection of stylish restaurants and retail shops.
PROCON’s mixed-use portfolio includes the recently opened Alloy luxury condominiums and the soon-to-open 4-Star Autograph Collection Hotel by Marriott with first floor retail space as part of the Assembly Row neighborhood in Somerville, MA. Moreover, in 2014, the company completed the final phase of the nearly 400,000 SF Portwalk Place development consisting of hotels, condominiums, retail spaces and parking occupying a city block.
Upon completion Merrimack Park Place will provide jobs for hundreds of people and likely attract additional shoppers to the area; not to mention the new apartment residents who will be taking advantage of every amenity the area has to offer.
Tom Monahan, President and CEO of Monahan Companies stated, ““The Merrimack Park Place project is a tremendous opportunity to enhance what a great town Merrimack already is. We hope to complement them by creating the type of mixed-use community that they can be proud of in this area and one that attracts and retains talent for the large local businesses. The Monahan Companies and PROCON have enjoyed a long standing working relationship designing and building various projects throughout the state.”
Monahan Companies: For over 47 years, Nashua, NH based Monahan Companies has been acquiring and developing residential and commercial properties in the Northeast. The company has spearheaded the rehabilitation of hundreds of residential properties reinvigorating neighborhoods in the region. Their most recent commercial projects portfolio includes development of the Merrimack Premium Outlets that opened in 2012 and Gourmet Gift Baskets in Exeter, NH that opened in 2017.