Developers want to transform an unused parking lot into a large five-story apartment building next to Nashua’s Mine Falls Park.
Thomas and Jeffrey Monahan are seeking a variance from Nashua zoning officials to build the proposed 176-unit apartment complex at 44 Simon St.
The nearly seven-acre parcel is an abandoned parking lot that was formerly used by Teradyne Inc.
According to Carter Falk, deputy planning manager, the property is located in the city’s park industrial zone and would require a use variance to allow for the construction of multifamily housing.
“The applicant states that the proposed use is in high demand in Nashua, and that the project is consistent with the master plan goals of work, live, play and shop in the urban development area. Further, that the proposed development establishes a complementary and integrated working, living and recreating environment. Also, the development will have existing infrastructure to support the use,” Falk wrote in a memo to the zoning board of adjustment.
According to the plans on file with the city, the Monahans want to construct a U-shaped building that is either four or five stories high, with a lower-level parking garage.
“The subject property is particularly well-suited for a multifamily residential complex because of its size, and because of its location immediately adjacent to Mine Falls Park,” states the application. “It offers an opportunity for multifamily residential dwellings that will have immediate access to the park amenities while being just a short walk to downtown Nashua.”
The site, according to the plans, is the last remaining lot in an industrial subdivision created by the Nashua New Hampshire Foundation, and has certain restrictions because of a 250-foot shoreland protection buffer.
Other housing developments within the city that are part of the Nashua New Hampshire Foundation include Clocktower Place and the Nashua Millyard.
Noting the need for diverse housing in city, the application states there has been little interest in the site for industrial purposes, and the property has sat idle for many years despite recent marketing efforts.
The application will be considered by the zoning board on Tuesday. If a variance is granted, the project must still be reviewed and approved by the planning board.
The property is currently owned by Liberty Simon Street, LLC.