Idea of High Street hotel floated in Nashua
On Tuesday, the aldermanic Planning and Economic Development Committee met with representatives from the city’s Business and Industrial Development Authority to discuss a proposed resolution to sell or lease the High Street parking lot, now owned by the city, to a future housing developer.Alderman-at-Large James Donchess is recommending that housing be constructed on the parking lot property that could offer at least 60 units and be built at least four stories high. The lot currently holds up to 75 parking spaces.
Don Zizzi, member of the BIDA, warned the committee about placing limitations on an RFP that could turn away private investors.“This is an opportunity, and you hate to see an opportunity missed,” said Zizzi, encouraging a broader approach. “Vision is important … that is how success happens.”
Alderman-at-Large Dan Moriarty, chairman of the committee, agreed that the scope of discussion should be expanded as part of a larger vision for the Gate City.
The chance for success with the High Street proposal will increase greatly if the RFP is not limited to just one parcel, and the idea of 60 units can be amended, according to Zizzi.
Renaissance Downtowns is constructing 228 apartment units at 70 Bridge St., the first phase of an extensive waterfront development project that will serve as an eastern gateway into the city and include courtyards, a park, community pool, boulevard and public promenade.
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