The town of Derry, New Hampshire, has unanimously approved the sale of old shoe factory land to Trident Building, a housing development company. The 1.69-acre property, located at 19 Elm St., will be transformed into a housing development consisting of up to 24 affordable housing units. The decision comes after years of discussions and setbacks, making it a significant milestone for the town.<\/p>\n
The shoe factory land has a rich history, with the original building constructed in 1909. Over the course of the 20th century, the property housed various factories. However, the town acquired the land in 2015 through a tax deed and discovered large quantities of hazardous waste stored inside the building. The town subsequently spent $150,000 to demolish the building and remove the hazardous materials. Despite these challenges, the town remained determined to find a new use for the land.<\/p>\n
Initially, the town council planned to sell the property for $150,000 to recoup the expenses incurred from the demolition and hazardous waste removal. Three interested bidders emerged, but after closer examination of the property, all three either withdrew or lowered their offers. After negotiations with two of the original interested parties, the council ultimately accepted Trident Building’s offer.<\/p>\n
As recently as September, reports from the Environmental Protection Agency (EPA) revealed the presence of more hazardous materials around the property. However, the EPA took action and paid for the removal of the contaminated soil. Despite these recent environmental concerns, Trident Building remained committed to the purchase, signaling their confidence in the site’s potential.<\/p>\n
While the original intention of the council was not specifically for workforce housing, the decision to sell the property to Trident Building aligns with the town’s goal of providing affordable housing options. The development of up to 24 affordable housing units will address the pressing need for affordable housing in the area. Council members are pleased to have found a new use for the land and believe it will be a great addition to the town.<\/p>\n
The sale of the shoe factory land marks a significant milestone for the town of Derry. After years of discussions and setbacks, the approval of the sale signifies progress and potential growth for the community. The development of affordable housing units not only addresses the housing needs of residents but also contributes to the overall revitalization and development of the town.<\/p>\n
The sale of the shoe factory land in Derry to Trident Building for the development of affordable housing units is a significant step forward for the town. Despite the challenges posed by the property’s history and environmental concerns, the council’s perseverance and Trident Building’s commitment have paved the way for a new chapter in the town’s development. The transformation of the land into affordable housing units will not only provide much-needed housing options but also contribute to the overall growth and revitalization of Derry.<\/p>\n","protected":false},"excerpt":{"rendered":"
Trident Building to develop affordable housing units on old shoe factory land The town of Derry, New Hampshire, has unanimously approved the sale of old shoe factory land to Trident Building, a housing development company. The 1.69-acre property, located at 19 Elm St., will be transformed into a housing development consisting of up to 24 […]<\/p>\n","protected":false},"author":2,"featured_media":7361,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-housing"],"_links":{"self":[{"href":"https:\/\/buzz360news.com\/index.php\/wp-json\/wp\/v2\/posts\/7360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buzz360news.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buzz360news.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buzz360news.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/buzz360news.com\/index.php\/wp-json\/wp\/v2\/comments?post=7360"}],"version-history":[{"count":0,"href":"https:\/\/buzz360news.com\/index.php\/wp-json\/wp\/v2\/posts\/7360\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buzz360news.com\/index.php\/wp-json\/wp\/v2\/media\/7361"}],"wp:attachment":[{"href":"https:\/\/buzz360news.com\/index.php\/wp-json\/wp\/v2\/media?parent=7360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buzz360news.com\/index.php\/wp-json\/wp\/v2\/categories?post=7360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buzz360news.com\/index.php\/wp-json\/wp\/v2\/tags?post=7360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}