Development of Right of Way Located off of the Veterans Memoiral Parkway

The City of Nashua is soliciting proposals from real estate developers to purchase and develop approximately 4.020 acres of surplus right-of-way property off Veterans Memorial Parkway, Nashua, New Hampshire, with proposals due September 29, 2026 at 3:00 p.m.

The property comprises three parcels (62-100, 127-131, and 62-102) zoned C Urban Residential, situated between L Fairmont and L Hutchinson Streets. The City owns the land in fee and requires the selected developer to acquire it at an appraised market value (not a pre-established minimum purchase price), maintain existing stormwater and drainage functions, and undertake mixed-use, residential, or commercial redevelopment. Priority evaluation factors include highest and best use, tax revenue generation, environmental remediation of the adjacent 40-acre contaminated Mohawk Tannery site, incorporation of a multi-purpose pathway along the corridor, and economic gateway benefits to downtown Nashua.

Evaluation criteria also encompass developer experience and financial capacity, development schedule (preferably 3–4 years from award), and price combined with tax revenue potential. Proposers must demonstrate qualifications, provide comparable project experience, submit technical development plans and schedules, include budgets with sources and uses, provide audited financial statements, certify tax payment compliance, and obtain corporate authorization. The selected developer must carry general liability insurance of $1 million per occurrence and $2 million aggregate, motor vehicle liability of $1 million, and workers' compensation coverage per New Hampshire statute, with the City named as additional insured.

An optional pre-proposal meeting is scheduled for September 17, 2026 at 1:00 p.m. via Zoom. Written questions are due September 21 at 10:00 a.m., with responses posted by September 23 at 3:00 p.m. Proposals must be submitted electronically via Bonfire or in paper form with one digital copy on USB drive to Central Purchasing, 229 Main Street, Room 11. The City anticipates closing within thirty days of receipt of all permits, contingent on the developer obtaining financing and executing a Purchase and Sale Agreement within sixty days of notice of award.