A pair of developers behind some of Manchester’s largest apartment communities is teaming up for one of their biggest — and tallest — projects in the neighborhood.
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The would-be buyers of the site once slated for River’s Edge II plan to build residential buildings, one 17 stories with 175 units and the other 11 stories with 350 units.
A New York firm is poised to acquire 301 W. 6th St., which includes an approved plan of development and other entitlements for two 11-story buildings connected by a skybridge.
South Falls II would be similar to the 14-story, 256-unit South Falls I, while a potential South Falls III could be a smaller condo building upstream.
Guy Blundon and Mark Purcell this week sold River’s Edge, a 10-story, 213-unit apartment tower at 505 Porter St., to Denver real estate firm Four Mile Capital.
Thalhimer was the seller and the land is slated for 344 apartments between two 11-story towers connected by a sky bridge.
Guy Blundon and Mark Purcell are behind the $75 million project, which would feature two towers connected by a sky bridge that will double as the neighborhood’s newest event space.
After striking a deal with the city over access to the site, a local development firm is moving forward with plans to add two towers beside Manchester’s Mayo Bridge gateway.
“We’ve been investing in the neighborhood for a long time,” the developer said. “We’re huge believers in Manchester — this, to us, is not a gamble.”
The Beach Cos., which already is building a 221-unit apartment building at 700 Semmes Ave., now controls the Thurston Spring Services site bound by Commerce Road, West Seventh, Perry, and McDonough streets.