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Re: Commercial complexes planned in Danville

PostPosted: Wed Jul 25, 2012 5:35 pm
by safety frog
The western end of the complex was clear cut exposing odd rock formations from route 111. There are some very large boulders and ledge (not quite cliffs) exposed in the clearing, wonder if that affected costs for development. (tough for septic systems with ledge on one end and wetlands at the bottom.)

With exception of Rock Rimmon, the ledges and rocks in the town plot being considerd for a cemetary plot, this area may have the largest ledges, rocks in town?

Re: Commercial complexes planned in Danville

PostPosted: Wed Jul 25, 2012 5:35 pm
by safety frog
The western end of the complex was clear cut exposing odd rock formations from route 111. There are some very large boulders and ledge (not quite cliffs) exposed in the clearing, wonder if that affected costs for development. (tough for septic systems with ledge on one end and wetlands at the bottom.)

With exception of Rock Rimmon, the ledges and rocks in the town plot being considerd for a cemetary plot, this area may have the largest ledges, rocks in town?

Foreclosure auction means end of $100M proposal in Danville

PostPosted: Thu Jul 26, 2012 1:17 am
by curt
July 26, 2012
Foreclosure auction means end of $100M proposal in Danville

By Doug Ireland direland@eagletribune.com

DANVILLE — The site of a proposed $100 million shopping plaza and retirement community will be sold at a foreclosure auction Aug. 2.

People’s United Bank has announced the 36-acre property off Route 111 is up for sale to the highest bidder, dashing plans for a major retail project expected to attract at least a dozen businesses and create more than 550 jobs.

The developer, Ozzir Properties, was close to receiving final town approval for the two projects and hoped to begin construction this year.

Town officials are upset that a project years in the making has suddenly come to a halt.

“It’s quite sad,” Selectmen’s Chairman Shawn O’Neil said yesterday. “It’s basically going to kill jobs in the area.”

Selectman Chris Giordano agreed.

“I’m disappointed,” he said. “It was going to create a couple hundred permanent jobs and 300 construction jobs.”

The 50,000-square-foot Crown Plaza proposal called for construction of a restaurant and lounge, a midsize grocery store, dry cleaner shop, Chinese takeout restaurant, pharmacy, a gas station and convenience store, according to Ozzir spokesman Arthur Pappas.

The town Planning Board granted conditional approval for the plaza in September 2011. The board’s unanimous decision came only weeks after it also granted conditional approval to The Royal Crest of Danville, an adjacent continuing care retirement community expected to serve more than 200 people.

The 300,000-square-foot retirement community would have included a clinic offering medical, dental, physical therapy, chiropractic and rehabilitation services, Pappas said. There would have also been a laboratory and radiology department.

The two projects were spearheaded by Ozzir principal Vincent Rizzo, who said yesterday he still hopes to reach an agreement with the bank before the auction.

“I am not going to give up the fight,” he said. “We are going to move forward to do what we can.”

Trees have been cleared on the property, but construction could not begin until final approval was granted, O’Neil said. Ozzir also was awaiting approval from the state Department of Transportation for improvements to the intersection of Route 111 and Huntington Hill Road, he said.

Rizzo said he had made the required loan payments, but the bank refused to grant his request to extend the payment deadline a second time. The first time he requested a year, but was given six months. Rizzo said he owed about $1.3 million and the bank wanted immediate payment.

He also said that People’s told him it no longer wanted to deal with commercial projects.

Ozzir presented plans for the two projects more than two years ago and has been working diligently with town officials, the two selectmen said.

“The town was working with Mr. Rizzo and things were progressing,” O’Neil said.

Both selectmen said they are discouraged that the dozens of hours town officials spent reviewing the projects were all for naught.

“The town put a lot of time into this,” O’Neil said. “I thought it would be a great project for the town.”

Giordano, a longtime Planning Board member, said he worked for years to help change the property’s zoning with the hope of bringing in commercial development that would benefit the town.

Daniel Luker, a Concord-based attorney for People’s, confirmed the property would be sold at a foreclosure auction, but said he could not comment further. People’s spokeswoman Valerie Carlson also declined to comment.

A legal notice states the auction, conducted by James R. St. Jean Auctioneers of Epping, will be held at the 36-acre site on Aug. 2 at 11 a.m. Prospective bidders must submit a $25,000 deposit. The closing must take place within 45 days after the sale, the notice said.

Re: Commercial complexes planned in Danville

PostPosted: Tue Jul 31, 2012 10:34 am
by safety frog
Postponed Auction

49.09± Acres of Vacant Commercial Land Along Busy Route 111 ** PPD to 9/27/12 @ 11:00am **
Route 111 & Huntington Hill Rd, Danville, NH

Re: Commercial complexes planned in Danville

PostPosted: Tue Sep 11, 2012 1:15 pm
by safety frog
49.09± Acres of Vacant Commercial Land Along Busy Route 111 ** CANCELLED **
Route 111 & Huntington Hill Rd, Danville, NH

Posted today.

Re: Commercial complexes planned in Danville

PostPosted: Tue Sep 11, 2012 3:01 pm
by AlfredTwo
You have to wonder. Personally I would like to see some help for the tax base along 111.

Re: Commercial complexes planned in Danville

PostPosted: Tue Sep 11, 2012 6:33 pm
by SBinRockrimmon
AlfredTwo wrote:You have to wonder. Personally I would like to see some help for the tax base along 111.


I'll second this

Re: Commercial complexes planned in Danville

PostPosted: Wed Sep 12, 2012 7:43 am
by safety frog
If both buildings are built, how much of a drop in the tax rate will we actually see? Has this been calculated? Even a rough range? A penny per thousand? 25 cents per thousand?

Re: Commercial complexes planned in Danville

PostPosted: Wed Sep 12, 2012 10:32 am
by AlfredTwo
The question is not how much but how much beyond what the town's costs will also grow. I'm optomisitc but don't know for sure.

Re: Commercial complexes planned in Danville

PostPosted: Wed Sep 12, 2012 5:46 pm
by k.berube
This is right behind my house. I can't wait for the leaves to fall off the trees! So much for a sound barrier.

Re: Commercial complexes planned in Danville

PostPosted: Thu Apr 11, 2013 11:04 am
by safety frog
:( What you don't love the beautiful clear cuts?

Re: Commercial complexes planned in Danville

PostPosted: Fri Jan 24, 2014 2:31 pm
by safety frog
ID#2012-1210 Auction is back on for the property through St. Jean's.

Event status: On
49.09± Acres of Vacant Commercial Land Along Busy Route 111
5/1/2013 11:00:00 AM
Route 111 & Huntington Hill Rd, Danville, NH

Re: Commercial complexes planned in Danville

PostPosted: Fri Jan 24, 2014 2:32 pm
by safety frog
New For Sale signs up on both pieces of property on Route 111 this week.

Re: Commercial complexes planned in Danville

PostPosted: Tue Jun 24, 2014 8:30 am
by safety frog
For sale sign back up this week on eastern property.

Re: Commercial complexes planned in Danville

PostPosted: Tue Jun 24, 2014 11:22 am
by AlfredTwo
When it sells we'll know the economy really is getting better. :-)