Developers think Guard site would have big potential
A 9-acre lot? Nearly impossible. But nine acres could become available if the New Hampshire National Guard were to find the money to move its largest armory from its North End location, 1059 Canal St. It's a thought that intrigues developers.
Sullivan said just about anything could work there: a high-end hotel and convention center, a retail strip, an office building, high-end apartments. The lot could even host an all-of-the-above, mixed-use development, he said.
Speculation about the parcel has been going on for decades, said Mike Reed of Stebbins Commercial Properties.
But the land is owned by Amoskeag Industries. If the National Guard ever moves, Amoskeag would regain control of the land.
"It's just a complication," he said.
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