Continuum at North Conway, LLC acquires 126 acres for Ridgeline community development

Continuum at North Conway, LLC acquires 126 acres for Ridgeline community development

The latest site plan for the Ridgeline community

NORTH CONWAY, NH – Continuum at North Conway LLC announced the successful acquisition of 126 acres of land from Kennett, marking an important milestone in the development of the Ridgeline community.

Ridgeline Community is a new mixed-use community in North Conway. Plans are to build more than 55 townhomes, first-step housing, ski apartments, commercial rentals, and medical office buildings, as well as memory care and assisted living facilities. The project is now moving forward, awaiting final approvals from the Conway City Planning Board.

“We are excited to have reached this stage of the project. Acquiring the land and securing the DOT permit were critical steps in our journey to create the Ridgeline community,” said Joe Hogan, Continuum Member/Principal at North Conway LLC. “The deal has closed and we are moving forward.” . Now that we have purchased the land, we are working on getting final approval for our zoning plan. The city has already given us conditional approval, and now we have a few more things we need to do to meet the conditions of the permit. We are working hard to meet those remaining conditions.

An expected groundbreaking could begin as soon as Dec. 1, 2023, according to project contractor AJ Coleman’s & Sons. The first phase of the development includes the construction of 17 units of First Step housing in District 2. First Step housing is the project’s top priority, to meet the required time frame for a $3 million affordable housing grant obtained as part of the state’s InvestNH program. Fifteen of these 600-square-foot one-bedroom homes will be offered for rent to people earning 80 percent or less of the area median income.

Valley real estate veteran Bayard Kennett has joined Ridgeline real estate agency of record, Coldwell Banker Lifestyles. Kennett will provide valuable insights and advice on the commercial sales side of the project.

Kennett, on behalf of Kennett, expressed his enthusiasm for the project, saying: “We are very pleased with the outcome, and we know that this is something my predecessors wanted to see happen. It’s a win-win. It’s really something that will benefit the valley and the people who want to retire here, and those who need amenities.” “Medical, residential housing, senior housing. This is a very beneficial project for the valley. Joe’s experience in senior care and medical facilities is a great benefit to the community.”

Continuum is also making strides in preparing Series 1 for commercial use. The company has entered into a purchase and sale agreement with Norwegian Savings Bank which will open a new branch on an 8-acre commercial plot of land.

The project also has plans for an environmentally friendly biomass plant, located behind Lot 7. This project has already received $1.4 million in grants, ensuring the project’s sustainability and contribution to the local community. “We are open to discussions about our biomass plant providing heat to other enterprises to the greatest extent possible,” Hogan stated.

Parcel 7 will also be home to future memory care and assisted living facilities that will be operated through the Continuum Foundation, a 501(c)3 non-profit organization that counts local health care professionals as trustees, including Sandy Rocca, RN, executive director of Home and Hospice Visiting Nurse, and Sue Rocca, RN, PhD, of Memorial Hospital.

“We are committed to seeing the Ridgeline community through to completion,” Hogan continued. “We are committed to creating a thriving, vibrant community that will benefit the region for years to come.”

For more information and updates on the development of Ridgeline Community, please visit their website at www.ridgelinecommunity.com.

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