Bedford, NH Reconstruction of the former Macy’s site is underway on South River Rd., making way for a new “lifestyle center,” a high-end multi-use complex featuring a deluxe movie theater, office building, hotel, retail shops, and a variety of vibrant restaurants. The 350,000 s/f complex was approved by the town in late 2016. The site was originally developed by the Jordan Marsh department store chain in the 1960s. The site was taken over and operated by Macy’s in 1996 until it closed in 2015. The site was then purchased by Dallas-based Encore Enterprises with plans to create a new “lifestyle center” on the 16-acre site.
Construction at the site began in March 2017 by Hutter Construction of New Ipswich, N.H. and is expected to be completed by late 2018. Currently in the pre-leasing stage, Market and Main is attracting attention from national, regional, and local retailers and corporations. Bob Rohrer, managing director of Colliers International said, “We have had a lot of interest in the development and are in negotiations with several companies who are excited about the mixed- use aspect of Market and Main.”
“The property is strategically positioned along South River Rd. at the high-traffic intersection of N.H. Rte. 101, I-293, and the Everett Turnpike,” said Nicholas Barber, president of Encore Retail. “And its proximity and direct access to the Whole Foods plaza will make it a regional destination.”
The development will create a new “Main Street” which, unlike many other local towns, Bedford does not already have, and also a “Market Street” heading towards the Whole Foods plaza. Market and Main is therefore the logical name for the complex, representing the place in town where everyone wants to go. The lively, upscale atmosphere of the development will include fresh, new brands mixed with local favorites, including Whole Foods, which opened in the spring of 2016.
Other tenants such as Trader Joe’s, Red Heat, Friendly Toast and Athleta have also announced their commitments to the complex. Many of these shops, like Athleta, an upscale women’s athletic clothing store, are firsts for New Hampshire, and are expected to attract many new shoppers to the area. Others like Trader Joe’s, will enhance the reputation that Bedford carries among “foodies.”
Ted Chryssicas, executive managing director of Newmark Knight Frank said, “As construction begins, we are seeing increased interest from retailers looking to sign leases and be a part of the first phase of Market and Main.”
The complex includes seven new buildings, existing Carrabba’s building and two new parking garages.
TFMoran is responsible for the structural engineering of the garages, as well as civil/site and traffic engineering, permitting, land surveying and landscape architectural services for the whole development.
The architecture is being designed by Prellwitz Chilinski Associates (PCA) of Cambridge, Mass. Their approach reflects both past and present; incorporating brick, granite, cast stone masonry, painted wood, and metal in a palette of modern materials and historical colors throughout the complex. Eye appeal is emphasized for individual tenants and harmonized throughout the center.
“Colorful awnings and canopies extend beyond the entrance, sheltering the shopper while on the sidewalk and inviting customers in,” said Laura Homich, senior associate of PCA. “Seated outdoor patios nicely blend the interiors and exteriors of the entire property, and architectural details reoccur throughout the site, visibly connecting the complex as a whole.”
The new development is expected to generate approximately $1 million in new property tax revenue for the town, and is anticipated to be a high-profile lifestyle center development within the town.
“Bedford has grown rapidly over the last number of decades, creating a demand for more shops, entertainment, restaurants, and commercial space,” said TFMoran’s project manager, Chris Rice. “We believe this high-profile lifestyle center will draw in people from surrounding towns, as well. The town of Bedford is pleased to see this new development take shape, and we are all looking forward to the grand opening of the new center.”