Written by nereal on February 25, 2015
The Portfolio of Doug Nedde – The BankNorth Block
To continue our run of posts highlighting various aspects of Doug Nedde’s portfolio, we are now spotlighting the BankNorth Block.
The Banknorth Block project is a result of an RFP process initiated by Banknorth, N.A. The development partners, including Redstone and Doug Nedde, are pursuing the mixed use development of a versatile housing and workplace community. Bounded by Main, St. Paul, Pine and King Streets, this 2.3 acre block already contains the completed first 2 phases consisting of The Hinds Lofts (a historic building converted into 15 high-end residential lofts) and King Street Housing (a mixed-use, 42,000 SF new construction project developed by the Champlain Housing Trust and Housing Vermont). Nedde Real Estate is partnering with Redstone to complete the final phase of the Banknorth Block project. A 2.3 acre, versatile housing and workplace community bounded by Main, St. Paul, Pine and King Streets, it includes the conception and development of a 139-room Hilton Garden Inn involving the rehabilitation of Woodbury’s Armory at 101 Main Street. An underground parking structure and up to 140,000 SF of mixed use space will also be built. It opened in early January 2015.