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Board approves Pearl Street condominium conversion; two units deed-restricted as workforce housing
Summary
The board approved PB2026-038, a condominium conversion at 53-57 Pearl Street in the Housing Redevelopment Overlay District that creates additional units and requires two units to be deed-restricted as workforce housing (25-year term cited). Approval included conditions on condominium documents, recording and parking; two workforce units are exempt from impact fees under local ordinance.
On April 7 the Laconia Planning Board unanimously approved a condominium conversion at 53-57 Pearl Street (PB2026-038) that will divide existing buildings into multiple condominium units and designate two of the new units as deed-restricted workforce housing to qualify for overlay incentives.
Attorney Ethan Wood represented owners Joanne and Gerald Morren and said the project would…
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