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Bedford planners OK condos, business park.


The Bedford Planning Board has approved a plan for 160 age-restricted condos, an assisted-living facility as well as a bank, pharmacy, restaurant and medical office building on 38 acres near the corner of Routes 101 and 114.

St. Anselm College is selling the land to Hawthorne Partners LLC, a developer based in Woburn, Mass. The eastern side, next to Route 101, will be the business park. In the center will be an 84-unit assisted-living facility and on the west will be 160 condos for owners 55 and older--88 units would be townhouses, leaving two three-story buildings each with 36 garden-style flats.

No deals have been reached for tenants for the bank, pharmacy, restaurant or coffee shop, Dick Anagnost and Alex Vailas, local developers who will buy the site from Hawthorne and lease the buildings, told the New Hampshire Union Leader. The board gave Hawthorne Partners two years--double the normal time--to obtain a building permit. A groundbreaking is expected for the middle of 2010, according to Bill Tucker, an attorney representing Hawthorne Partners.

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Title Annotation:REAL ESTATE & CONSTRUCTION; St. Anselm's College; Hawthorne Partners LLC
Publication:New Hampshire Business Review
Article Type:Brief article
Geographic Code:1U1NH
Date:Apr 10, 2009
Words:172
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