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Article: Vote opens path for Pandora renovation.(REAL ESTATE & CONSTRUCTION)(Brief article)
- Article from:
- New Hampshire Business Review
- Article date:
- March 14, 2008
CopyrightCOPYRIGHT 2008 Business Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Manchester aldermen have agreed to sell two parking lots and a connector street to a developer hoping to renovate the historic Pandora mill.
The vote came after 1848 Associates, the company that owns the Pandora building, raised its offer to $1.52 million. That amount matches an offer made by its sole competitor for the lots, Brady Sullivan Properties.
The decision allows 1848 Associates to sell Pandora to a developer who has promised to renovate the long-vacant mill and build 91 to 104 apartments.
The board's vote, 11-2 in favor of the sale, was a blow ...