NASHUA — A 27-acre parcel of land is being sold less than four years after it was acquired by the city.
The property at 141-143 Burke St. was originally purchased by the city in 2015 for $4.2 million. At the time, the site was initially eyed as the future home of the entire public works department.
“It turned out that the structure that is currently there was not adequate,” said Alderman Michael O’Brien. “It turned out to be too aggressive than what we really would have liked.”
There were concerns about drainage issues, snow load capabilities on the roof and more, according to O’Brien.
Last week, the Board of Public Works voted in favor of a new, $10 million public works facility to be constructed on property next to the city landfill — not on the Burke Street site. That project must still be vetted by aldermen.
With the Burke Street property no longer needed, the city intends to enter into a purchase-and-sale agreement with Loyal Holdings, LLC, of 157 Main Dunstable Rd. The construction training company is hoping to purchase the property, which is being sold for $3.9 million.
The city, however, is retaining a 2.5 acre lot that was subdivided on the large parcel earlier this year. That smaller plot will be reserved for the potential expansion of the city’s wastewater treatment facility.
“I think this is good. It wasn’t a total folly. We’ve got the expansion of the sewage treatment plant — that is going to be huge,” O’Brien told the aldermanic Committee on Infrastructure.
O’Brien said the city is fortunate to have Loyal Holdings interested in the large surplus parcel of land.
“I think it is a win-win,” he added.
Aside from potentially housing the public works facility, there were also previous discussions with school officials about the Nashua School District possibly utilizing space at the Burke Street site for its administrative offices, although that never came to fruition.
The property on Burke Street was formerly occupied by Monster Storage and GL&V, and abuts Nashua’s wastewater treatment plant.
“Now we have a scenario where we get what we originally wanted, we bring money back in and we sell out the parts that we can’t use, likely to a construction training company that will literally just use it for training purposes — so there is no downside,” said Alderman Tom Lopez.