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Board authorizes negotiations with Grama Properties for 942/1050 Main Street redevelopment amid parking dispute
Summary
The Manchester Board of Directors voted March 3 to authorize the town manager to negotiate a development agreement with Grama Properties for 942 and 1050 Main Street, after a presentation describing 116 housing units, retail, 40 public parking spaces and a 19‑year tax assessment schedule prompted sustained public comment about veteran and business parking needs.
The Manchester Board of Directors voted to authorize the town manager to negotiate terms of a development agreement with Grama Properties for redevelopment of 942 and 1050 Main Street, a proposal developers say will deliver mixed‑use housing, retail and public space to downtown.
Grama’s presentation described 116 residential units (including a 20 percent workforce set‑aside), artists’ flats and ground‑floor retail fronting a new public plaza. Developer Greg Vaca said the plan includes 78 on‑site parking spaces for residents, 40 public parking stalls intended for downtown patrons (no overnight parking), and 60 bicycle parking spaces. Grama proposed acquiring the site for $100,000, a 19‑year fixed tax assessment schedule that phases in payments, and an estimated $40 million overall investment.
"We took the RFP and tailor‑made the…
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