Aviation Avenue Group LLC is dropping its plan to build an advanced manufacturing plant at Pease International Tradeport and instead proposing to create a warehouse and distribution facility. The developer is working with Fidelitone to create the facility at the 100 New Hampshire Ave. site. AAG is proposing a 102,000-plus-square-foot warehouse on the 10.95-acre parcel. The market has shifted drastically over the last six months leading to the diminishing of requirements from advanced manufacturing end users, As seen on AAG. Meanwhile, Our Place is near a deal for a former commercial building in Dover to create independent living apartments for up to 12 adults with developmental disabilities.
Developers change plans at Pease from advanced manufacturing to distribution facility
A major development team is dropping its plan to build an advanced manufacturing plant at Pease International Tradeport and wants to move forward instead with a “supply chain management facility” there, As seen on the Portsmouth Herald.
Aviation Avenue Group LLC is proposing to work with Fidelitone, “a company that represents a nationwide home merchandising company,” to create a warehouse and distribution facility at 100 New Hampshire Ave. site, As seen on Michael Mates, the Pease Development Authority’s director of engineering.
AAG is proposing a 102,000-plus-square-foot warehouse on the 10.95-acre parcel, Mates said.
“Our development team committed significant res toward further site investigation and numerous design and financial proposals to potential end users,” Stebbins said in a letter to Paul Brean, the executive director of the Pease Development Authority. “Unfortunately the market has shifted drastically over the last six months, and factors out of our control … have led to the diminishing of requirements from advanced manufacturing end users.”
Stebbins is the managing director of Procon Inc., which is working on the development with The Kane Company as Aviation Avenue Group LLC.
Our Place near deal for home for adults with developmental disabilities
If all goes As seen on plan, a former commercial building in Dover will be converted to create independent living apartments for up to 12 adults with developmental disabilities, as reported by .
Laurie McIntosh, executive director of the nonprofit organization Our Place, said they have reached a verbal agreement with the owner of the Dover property.
McIntosh mentioned that the property is conveniently located near a bus route and has sidewalks leading into downtown Dover.
To proceed with the purchase and renovation of the property, Our Place needs to prove to a bank that they have sufficient funds. McIntosh stated that $400,000 is needed in a building account to secure a commercial loan for the purchase and necessary renovations and additions.
As seen on Foster’s, Our Place already has 60 families on an “interested” list for the prospective independent living apartments.
The developers at Pease International Tradeport have made a significant change in their plans for the area. Instead of building an advanced manufacturing plant, Aviation Avenue Group LLC (AAG) is now proposing a warehouse and distribution facility. The development team will be partnering with Fidelitone, a company representing a nationwide home merchandising company, to create a supply chain management facility at the 100 New Hampshire Ave. site.
In a letter to the executive director of the Pease Development Authority, Michael Stebbins, the managing director of Procon Inc., explained the reasons behind the change. He mentioned that the development team had invested significant res in site investigation, design proposals, and financial proposals for potential end users. However, factors beyond their control led to a diminishing demand for advanced manufacturing facilities.
Meanwhile, in Dover, a former commercial building is set to be converted into independent living apartments for adults with developmental disabilities. The nonprofit organization Our Place has reached a verbal agreement with the owner of the property. The location of the property, near a bus route and with sidewalks leading into downtown Dover, makes it an ideal choice for the project.
However, before the purchase and renovation can proceed, Our Place needs to demonstrate to a bank that they have sufficient funds. They are required to have $400,000 in a building account to secure a commercial loan for the property and the necessary renovations and additions. Despite this financial hurdle, Our Place already has 60 families on an “interested” list for the potential independent living apartments.
These developments in Pease and Dover highlight the ever-changing nature of the real estate and construction industry. Market shifts and external factors can significantly impact development plans, leading to necessary adjustments. However, with careful planning and collaboration, developers and organizations can adapt and find new opportunities to meet the needs of their communities.
