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EDA updates: 710 Lincoln sale, High Street demolitions, 934 environmental testing and lease OK for 1117 High Street
Summary
The Portsmouth EDA reported multiple property actions May 20: a closed sale of 710 Lincoln Street, demolition plans for High Street properties that will retain foundations, a Phase I environmental finding at 934 High Street requiring Phase II testing, and authorization of a short-term lease for 1117 High Street.
The Portsmouth Economic Development Authority provided multiple property updates May 20, including a closed disposition, demolition timelines, environmental findings and a short-term lease authorization.
710 Lincoln Street: Staff said the EDA closed on the disposition of roughly a three-quarter‑acre parcel on April 24. The buyer was identified in the briefing as Big Home East (transcript uses variations). Staff said the sale price was $30,000 and that net proceeds were “just under $29,500.” The buyer has plan approvals and permits and intends to develop a youth center and associated apartments, staff said.
High Street demolitions and site prep: Staff updated the EDA on demolition plans for buildings along High Street (including the property identified as 1020/1028 High Street). Preliminary zoning permit approval has been received and the demolition project will be…
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