Cleared North End lot a harbinger of homes for the well heeled
By MARK HAYWARD
New Hampshire Union Leader
September 20. 2017 2:03PM
(DAVID LANE/UNION LEADER)
Land is being cleared off of North River Road across from the John H. Sununu Youth Services Center in Manchester.
MANCHESTER - Tree felling and road construction are ongoing on a 19-acre lot in the North End, where a developer expects to sell homes with price tags that reach as high as $750,000.
John Stabile, the principal of The Stabile Companies, said the four-bedroom, three-bath Colonials should be ready for sale by the spring of next year.
“We’ve been receiving calls for months now from people willing to drop checks off,” Stabile said.
Historically forested, the lot is located where Elm, North Bay and Chestnut streets dead-end, just beyond Madeline Road.
The previous owners, the children of John and Priscilla Sullivan, held meetings with neighbors to work out an acceptable development plan, said Brian Pratt, an engineer with CLD/Fuss & O’Neill, who designed the project.
Some trees were preserved, and trees will be planted once construction is complete to maintain a buffer.
The only road into the property will be off River Road. Sidewalks will run from the subdivision into the North End.
The Manchester Planning Board approved the project in October, Pratt said.
Trees were cleared in early September, and construction of the road into the development is underway, Stabile said. The homes will be serviced by city water and sewer and will front a city-approved street.
He said home prices will range from the high $500,000 to $750,000.
Stabile said Manchester lacks new homes in that price range, but he said people are spending as much to purchase and renovate North End homes.
“Compare that to Londonderry and Bedford, we think we’re spot on to what the market will bear,” he said.
“I think he’ll sell out quickly,” said Bob Mongan, president of the Greater Manchester-Nashua Board of Realtors and owner of Manchester-based Robert Mongan Realtor.
He said the subdivision is the largest tract in the North End that can easily be developed.
The location offers proximity to downtown and will fill a niche for high-end homes with nice-sized lots. Such homebuyers usually turn to Bedford. The land is also close to good schools, including Webster School, Derryfield School and Manchester High School Central, Mongan said.
“You’re sitting in the prime location in Manchester,” he said.
The subdivision is comprised of 25 lots, three that have been kept by the Sullivan family and will be offered for sale to neighbors.
The road should be in by the end of the year, Stabile said. Work will start on a model home in a few weeks, and homes should be ready for sale by next spring. The company still needs approval from state regulators before it can begin marketing the homes, he said.
John Sullivan was a Hillsborough County Attorney and helped to develop war-tax policy as a Treasury Department official in the administration of Franklin D. Roosevelt. He was also Secretary of the Navy under Harry Truman and was twice the Democratic nominee for governor in New Hampshire.firstname.lastname@example.org