|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
|
QUINCY, MASS. (July 2007) — The Dover, New Hampshire, City Council has given a green light to Dickinson Development Corp. of Quincy, Mass., to move ahead with Dover Landing, a 21-acre mixed-use development on the banks of the Cochecho River. The project, valued at over $65 million, to be built in phases over five years, will include 180 residential units and approximately 66,800 square feet of commercial space including offices, restaurants and stores. The project will create hundreds of construction jobs. It will produce several hundred full-time jobs and annual real estate taxes estimated at over $1,000,000 upon completion. Dickinson Development President Mark Dickinson said, “We anticipate a ‘ripple effect’ that will stimulate business throughout the downtown area.” The deal calls for Dickinson to provide a $1 million cash payment to the City plus $3.6 million in site improvements and mitigation including a riverfront park and walk, public and excursion boat docks, and the cleanup of the former DPW lot. Mark Dickinson said the plan, fine-tuned over a two-year negotiation period, will “extend, complement and strengthen downtown Dover and grow the cityscape in concert with the Cochecho River waterfront. We’re making a strong statement about the synergy of the downtown and the waterfront. Ultimately, our vision is to transform this underutilized land into a vibrant new neighborhood that will greatly enhance the quality of life for Dover residents and visitors for generations to come.” Designing the project is Sheskey Architects, also of Quincy, who will incorporate a unique flexible ‘parcelization’ design concept to make it easier to adapt the plan to changing market conditions and demand. This design makes use of traditional streets and blocks to create public sidewalks, esplanades, piers and open space that invite all of Dover residents to enjoy the waterfront as well as provide access to the new homes and businesses. Sheskey Architects’ plan includes multiple types of residential opportunities including traditional town homes, “vertical ownership” town homes that provide living space above retail shops and “flats style” residences in elevatored buildings with enclosed, heated parking space. All are varied in architectural styles and materials that are designed to fit and reflect the varied character of downtown Dover. Office, restaurant, and retail buildings, also designed in a traditional character, intermingle with the residential properties providing activity throughout the day and evening making for an interesting living, working, shopping and leisure environment. Some new construction will be similar to the historic Merchants Row Building dating to the mid-19th century. Dickinson said, “Dover was founded and built on the river. We have an opportunity to reunite the city and its people with the Cochecho.” Connecting Washington Street to the new public park, residences and commercial space will be a new vehicular bridge. Dickinson speaks from experience: Over the years his company has earned a reputation for successful completion of complex projects including redevelopment of underutilized buildings and land. Dickinson predicted that nearby development stimulated by Dover Landing would generate additional revenues. Dover’s independent real estate consultant predicted that in the first 20 years, the project’s net potential benefit to the city would be approximately $29 million. What should you do if you want to locate your residence or business at Dover Landing? Mark Dickinson says, “It’s never too early to get your name in for office, retail or residential space at Dover Landing. We welcome inquiries and we’ll add you to our list.” For more on Dickinson Development, call 617-770-1955. Stanley Hurwitz is a Public Relations and Marketing Consultant based in Stoughton, Massachusetts. ABOUT DICKINSON DEVELOPMENT CORP.
|
Dickinson Development 