A towering but aging feature of Manchester’s riverfront is being eyed for redevelopment.
Hourigan Development is in the early stages of a plan to transform the site of the Southern States silos at 2-4 Manchester Road.
The silos, which have been vacant and unused for years, sit on about 2.2 acres of land overlooking the river.
Joe Marchetti III, president of Hourigan’s development arm, confirmed that the firm is looking to redevelop the site and is in the early stages of the project.
“We are looking at our options right now. The rezoning is an effort to put the site in the best position to have a unique project,” Marchetti said.
Hourigan filed a rezoning application with the city last week to change the land from RF-1 Riverfront District to B-4 Central Business District. Williams Mullen attorney Preston Lloyd is acting as Hourigan’s counsel.
The B-4 zoning would allow for multifamily housing, and Marchetti said the firm is eyeing a mixed-use project, including possible office or retail space, for the site.
“Right now we’re talking to a couple of tenants, trying to assess what the options are,” he said.
The project would involve razing the silos, which per city property records were built in 1957. Marchetti said it’s too soon to estimate the height or square footage of the project, but that it likely would be a midrise and of comparable size to other such projects in Manchester.
Marchetti said the firm has the property “under control” and declined to comment on whether it will be purchasing or leasing it. The land is owned by a group that includes H. Pettus LeCompte and most recently was assessed at a combined $3.3 million.
Last year the group sold some nearby acreage to Fountainhead Properties and WVS Cos., where the development duo is planning a seven-story extension of their South Falls project.
Marchetti said Hourigan is hoping to have the rezoning go before the Planning Commission and City Council within the next few months.
“Obviously COVID has changed the process a bit. In an ideal world we’d have some tenants on board and have something to start at some point in 2021,” Marchetti said.
Just west down the Southside riverfront, another major project recently got approval to go forward. City Council last month approved a special-use permit for River’s Edge II, which will include twin 11-story apartment towers with a total of 350 units. The approval came shortly after its developers, Guy Blundon and Mark Purcell, purchased the project’s land for $8.7 million.