“Monitor Way will deliver much-needed workforce housing, retail and recreation opportunities to Concord.”
Kevin Lacasse, New England Family Housing
Located alongside the picturesque Merrimack River, the Monitor Way project will be a mixed-use community featuring the following elements:
- 120 workforce housing apartments
- 200 market-rate apartments
- 71 town homes
- Urban Village featuring 100,000 s/f of commercial and retail opportunities alongside 250 market rate apartments
- 100,000 s/f of self-storage
- Public river access
- Over 2 miles of new walking trails
- 2.4 acres of new community open space
- More than $3.5 million in estimated annual tax revenue
- 100+ new jobs
Answers to your questions about the project, its timeline and community benefits.
This development is being proposed by New England Family Housing (NEFH), led by its CEO Kevin Lacasse, as well as Deane Navaroli who is a property broker and a partner on this project. Also, on the development team is Ed Roberge of Stantec, a former Concord City Engineer for over 20 years, who will be leading the engineering while Market Square Architects will be assisting with building layout and elevations.
While we are still in the conceptual phase and are working with the City to determine exact figures, initial calculations estimate it will be approximately $3.5 million annually.
There will be additional economic benefits from the construction phase through full build-out. Once completed, over 120 new jobs will be created from the new retail stores and onsite building management staff. Good-paying construction jobs will also be created and workers employed by this project will spend money in the community.