Company C is staying put in ConcordUnion Leader staff
January 14. 2014 7:08PM
CONCORD — Company C will not be the anchor tenant in any potential redevelopment of the New Hampshire Employment Security building in downtown Concord, leaving developer Steve Duprey to continue to look for a commercial tenant interested in 25,000 square feet of space.
Duprey was working with Company C cofounder Walter Chapin on a proposed plan for the home decor and furnishings design company to relocate from 102 Old Turnpike Road in Concord to the South Main Street address, but he said Company C will remain at its current location.
That possibility was always in the cards, as Duprey told Concord city councilors in May 2013. Duprey is reaching out to other potential property users.
He sees the site as an important part of downtown revitalization, and his plan includes leverage tax credits to help construct 50 housing units behind the building.
The city of Concord, in 2011, expressed its “right of first refusal” intent to buy the building and to work with a private developer in a public-private partnership to redevelop the building.
New Hampshire Employment Security plans to move out in late spring, and relocate to the Tobey Building at 45 Fruit St. in Concord. A 2011 appraisal of 32-34 South Main St. listed the building at $1,75 million.