Concord, New Hampshire, January 7, 2026
A New York-based real estate firm has acquired a 43-acre development site in Concord, New Hampshire for $64.5 million, prompting significant commercial growth. The project, which includes major establishments like Market Basket and HomeGoods, is set to create over 450 jobs and contribute millions in tax revenue, indicating a positive boost to the local economy. The city’s investment of $4.9 million in roadway improvements further supports this initiative, enhancing access to new businesses in the area.
Concord, New Hampshire – A New York-based real estate firm has made a significant move in expanding the commercial landscape by acquiring a development site in Concord for $64.5 million. This acquisition, which covers an expansive 43 acres, is set to pave the way for a comprehensive commercial and industrial project that promises not only to enhance the local economy but also to generate substantial employment opportunities.
The proposed development will include 210,000 square feet of new commercial and industrial space. The first phase of the project features notable anchors such as an 80,000-square-foot Market Basket grocery store, a 20,000-square-foot HomeGoods retail store, and a 13,500-square-foot State of New Hampshire Liquor and Wine Outlet. To facilitate the growth and ensure smooth traffic flow to the new facilities, the City of Concord is committing $4.9 million for roadway improvements on U.S. Route 4 and Whitney Road. These enhancements have already been successfully completed in the first quarter of fiscal year 2023.
As the project progresses into fiscal year 2024, it has already created over 450 new jobs and added approximately $17.6 million in assessed value to the local economy, translating to about $545,000 in annual property tax revenues. Construction is also underway for Phase II, which is expected to include additional medical office and retail spaces. Moreover, the area is set to welcome new establishments nearby, including a Starbucks coffee shop and a Chipotle restaurant, reflecting the robust growth in Concord’s commercial sector.
A Positive Investment in Local Economy
This acquisition by the New York firm illustrates a strong confidence in the prospects of Concord’s economy. Local entrepreneurs have long demonstrated resilience and creativity, and with minimal regulatory barriers aiding this development, the community stands to benefit from increased consumer choice and job creation.
The employment impact of this project cannot be overstated. With over 450 new jobs created, this development not only offers immediate employment benefits but also contributes to the broader economic stimulus in the area. The enhanced tax revenue will empower the city to direct funds toward public services, creating a positive feedback loop that supports further growth.
Investment in Infrastructure
The financial commitment of $4.9 million by the City of Concord towards infrastructure development is a strategic move that will ease the integration of new commercial entities into the local landscape. By investing in necessary road improvements, the city ensures better access, ultimately facilitating increased consumer traffic to both existing and new businesses.
Phase I’s successful launches of Market Basket, HomeGoods, and the State of New Hampshire Liquor and Wine Outlet will cater to a diverse range of consumer needs, enhancing the shopping experience for local residents. The planned medical office spaces in Phase II also highlight a proactive approach to economic diversification, catering to essential services for the community.
As the development progresses, it exemplifies how targeted investments and limited regulatory intervention can spur economic growth and rejuvenate communities.
Conclusion
The acquisition and development at 1 Whitney Road stand as a testament to the entrepreneurial spirit that defines Concord. As new businesses move in and employment opportunities surge, local residents can experience a revitalized economy alongside broader community growth. Continued support for initiatives that reduce regulatory burdens will likely yield further improvements in the area’s vitality.
Engagement and support for local businesses are crucial as this project unfolds. Residents and potential patrons are encouraged to keep abreast of new developments and participate in the growing Concord economic landscape.
Frequently Asked Questions (FAQ)
What is the total area of the development site acquired?
The development site covers 43 acres.
What businesses are included in Phase I of the development?
Phase I includes an 80,000-square-foot Market Basket grocery store, a 20,000-square-foot HomeGoods retail store, and a 13,500-square-foot State of New Hampshire Liquor and Wine Outlet.
How much is the City of Concord investing in roadway improvements?
The City of Concord is investing $4.9 million in roadway improvements to U.S. Route 4 and Whitney Road.
How many jobs has the project created as of the fiscal year 2024?
The project has created over 450 employment opportunities as of the fiscal year 2024.
What additional businesses are being developed near the site?
A Starbucks coffee shop and a Chipotle restaurant are under construction at a separate site adjacent to this development.
Key Features of the Development
| Feature | Details |
|---|---|
| Total Area | 43 acres |
| Phase I Businesses | Market Basket grocery store, HomeGoods retail store, State of New Hampshire Liquor and Wine Outlet |
| City Investment in Roadway Improvements | $4.9 million |
| Employment Opportunities Created | Over 450 jobs as of fiscal year 2024 |
| Additional Businesses Near Site | Starbucks coffee shop, Chipotle restaurant |
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