Downtown Concord will be getting another boost as CATCH Neighborhood Housing redevelops the former Endicott Hotel into market rent housing and ground floor shops.

Plans call for construction and starting late summer and leasing in the spring.

“We’re working with banks on the funding side of this development now,” CATCH Neighborhood Housing President Rosemary M. Heard said.

“It’s a beautiful building and needs to be preserved for the future,” she said.

“Back in the days when the railroad was active, the Endicott played a very important role. It was one of Concord’s wonderful hotels,” Heard said.

The project will benefit from a tax break from the city of Concord, lasting for seven years on commercial side and nine years on the residential side, Carlos P. Baia, Deputy City Manager for Development, said.

“They’re paying taxes on the value of the building before any improvements,” Baia said.

The architect is C.N. Carley.

There will be 13 one-bedroom; 10 two-bedroom and two three-bedroom units. There could be 45 to 50 tenants.

Rents will range from $975 to $1,350, with heat and hot water included.

Four local interior designers, Aimee Leduc, Julie Wood, Vicky Frazier, and Renee Rucci are donating their services to the project.

CATCH will make a presentation tonight during Intown Concord’s fourth annual Upstairs, Downtown Walking Tour.

Participants will be led through the tour, which departs promptly at 5:30 p.m. from the Red River Theatres marquee.

Tickets for the tour, $20 each or two for $35, are available at Merrimack County Savings Bank, 89 N. Main St., Concord.

On the Net:

catchhousing.org

Write to dpaiste@unionleader.com.