Manchester to sign contract for mixed-use development at long-vacant Broad Street Parkade

Elected officials have authorized the signing of an agreement to redevelop the so-called “dark side” of the Broad Street Parkade with a mixture of residential and commercial property. The decision is the first major public-facing action taken on the project since July, when the town spent $2 million to settle a lawsuit with a previously selected developer. Under the new contract, Texas-based developer Anthony Properties hopes to raise $100 million from private investors to build around 300 units of market-rate housing, supported by amenities including a fitness center and swimming pool, and two as-of-yet undetermined commercial sites. Town officials anticipate that Anthony Properties will begin construction in 2025, potentially split into two “phases” based on project financing. Each phase would include a minimum of 150 housing units, with the first phase including infrastructure improvements such as development of an East Coast Greenway connection.

Share This Article: