The Caleb Group has just closed on its financing package for Phase 2 of the Penacook Landing Project located at 35 Canal Street, to allow construction of a new 20,000SF building featuring 20 new apartments (18 of which will be affordable units). In addition to adding much-needed housing to our community, the project will generate $107,515 in permitting revenues for the City and approximately $45,000 in property tax revenues annually.
The new park is in design phase based on community input received at the June public meeting. Watch here for more details on the next meeting.