“Monitor Way will deliver much-needed workforce housing, retail and recreation opportunities to Concord.”
Kevin Lacasse, New England Family Housing
The Vision
Located alongside the picturesque Merrimack River, the Monitor Way project will be a mixed-use community featuring the following elements:
- Urban Village featuring 327 market-rate apartments alongside 100,000 s/f of commercial and retail opportunities
- 151 workforce housing apartments
- 223 standalone market-rate apartments
- 71 town homes for sale
- 172 condominiums for sale and rent in northern parcel
- 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 $6 million in estimated annual tax revenue
- 100+ new jobs
FAQs
Answers to your questions about the project, its timeline and community benefits.
This development is being proposed by three partners: New England Family Housing CEO Kevin Lacasse, William & Reeves Principal Deane Navaroli and Metro Walls founder and chairman Mike Dion. 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, and William & Reeves financial analyst Zachary Richards. 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 $6 million annually.
The chief economic benefit will come from the added 944 housing units of all types and price levels, which will enable more people to live and work in Concord. 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.
