Multi Residential Retail/Hospitality

Ground Breaking Ceremony Held for the new Madbury Commons Development

(l to r) Barrett Bilotta - Golden Goose Capital, John Samenfeld – President of PROCON, Todd Selig – Durham Town Manager, Sam Gangwer – Golden Goose Capital, Ken Rubin – Golden Goose Capital, Eamonn Healy – Golden Goose Capital, and Brad Paige – President|CEO of Kennebunk Savings.

(l to r) Barrett Bilotta, Golden Goose Capital; John Samenfeld, president of PROCON; Todd Selig, Durham town manager; Sam Gangwer, Ken Rubin and Eamonn Healy all of Golden Goose, and Brad Paige, president|CEO of Kennebunk Savings.

PROCON CM

Durham, NH – A ground breaking ceremony was recently held for the new Madbury Commons, a mixed-use development located at 17-26 Madbury Road. The project will be comprised of 126 high end student apartments and approximately 45,000sf of commercial space in two multi-story buildings. PROCON of Manchester is the construction manager, TMS Architects of Portsmouth is the project architect, Golden Goose Capital of Westford, Mass. is the project developer, Kennebunk Savings is providing the lead financing.

Rendering of Madbury Commons

Rendering of Madbury Commons

 

Plans call for the development to be located in two buildings: Building A, 169,000sf, will have commercial space on the first floor and floors 2 – 5 will be residential apartments. Building B, 39,000sf, will have commercial space at the street level and residential apartments on the upper two floors and a limited number of residential apartments below grade. The 126 apartment units will offer a variety of floor plans and each apartment will have a fully equipped kitchen, including a washer and dryer and separate living areas.  The UNH Interoperability Lab will be one of the tenants in the commercial space. PROCON began site work on the project in June 2014 and has scheduled an August 2015 completion date, in advance of the fall 2015 semester.