Saint Anselm College Survey Indicates Significant Public Support for Proposed Mixed-Use Development at Former Macy’s Site in Bedford
Bedford, NH – A recent Saint Anselm College survey indicates that 60-percent of Bedford residents support the Market and Main mixed-use development at the site of the former Macy’s on South River Road in Bedford, New Hampshire. The $120 million project offers family-friendly shopping, dining and entertainment with luxury residences and is before the planning board for approval.
The online survey was conducted May 19 and 20, 2020 by the Saint Anselm College Survey Center, providing a summary of voter attitudes on the proposed Market and Main development.
The strongest Market and Main attributes reflected in the survey are for the aesthetic design of the project and its amenities, including tree-lined streetscapes with deep sidewalks providing access to boutiques and family-friendly shopping, dining and entertainment. Eighty-five percent of those surveyed were more likely to support Market and Main because of these features.
Even in a specific question regarding luxury residences, more than half of those surveyed indicated they would be more likely to support the project with the inclusion of this aspect of the project.
“Over the past several months, we have worked to gather community feedback and make improvements to our project. This survey indicates significant support for the aesthetics, design, project amenities and community benefits offered by Market and Main,” said Terry Robinson of Encore Commercial, LLC, the developers of Market and Main. “As residents learn more about the benefits of Market and Main, they are more likely to support the project.”
Of those surveyed:
- 51% are more likely to support Market and Main’s “luxury studio, one-bedroom and two-bedroom apartments, stylishly appointed with private patios, available covered parking and the latest in energy efficiency and home technology.”
- 68% are more likely to support Market and Main when they know it is a “mixed-use development at Bedford’s gateway, with quality shopping, dining and entertainment along with a hotel and luxury residences, which would offer tremendous economic benefits with low impacts on town services.”
- 74% are more likely to support Market and Main when they know it would “increase Bedford’s tax base by an estimated 6.6%.”
- 76% are more likely to support Market and Main based on its “creation of over 1,600 full-time jobs in Bedford at a time when new jobs are needed most.”
- 78% are more likely to support Market and Main because of its recently announced “state-of-the-art 11-screen Regal movie theater with reclining seats and arcade, brining movies and entertainment to Bedford for the first time in 13 years.”
- 79% are more likely to support Market and Main given that it will “generate up to $740,000 in new annual property tax revenue for Bedford, as well as a one-time impact fee of nearly $700,000.”
- 85% are more likely to support Market and Main’s because of its design, featuring “tree-lined streetscapes with deep sidewalks to access boutiques and family-friendly shopping, dining and entertainment venues.”
Market and Main is a contemporary reimagining of a traditional New England town center, with a range of activities that are easily accessible and suitable for all ages. Phase I of the project, which has been completed, includes the recently opened Trader Joe’s neighborhood grocery store and Friendly Toast restaurant, with Whole Foods anchoring one end of Market Street, and the existing Carrabba’s Restaurant on the opposite end. Phase II, along Main Street which is before the planning board for approval, will be anchored by the recently announced Regal theatre, indoor and outdoor dining, retail shopping, and luxury residences in the theme of traditional town centers.
In addition to offering a more connected community experience, Market and Main Bedford is providing more than 1,600 permanent jobs, up to $740,000 in positive new annual tax revenue, nearly $700,000 in one-time impact fees, and has already funded $1 million in local road improvements.
To learn more about Market and Main Bedford, visit www.MarketandMainBedford.com.
About Encore Commercial, LLC
Encore Commercial, LLC, a division of Encore Enterprises, Inc., focuses on the acquisition, ownership, redevelopment, and asset management of retail shopping centers, single tenant retailers, and class “A” commercial office buildings across the United States. For more information visit www.Encore.bz/Commercial.