Citizen Portal
Sign In

Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Get email alerts on the Economic Development topic

No spam. Unsubscribe anytime.

Pease board approves Aviation Avenue concept for 100 New Hampshire Ave despite undisclosed subtenant request

Pease Development Authority Board of Directors · September 12, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Pease Development Authority approved a revised concept for Aviation Avenue Group LLC at 100 New Hampshire Ave; staff said the tenant is Aviation Avenue LLC but the proposed subtenant (about half the building, ~50,000–60,000 sq ft) asked to remain confidential until their deal is firm, prompting some board members to object to approving a concept without knowing the subtenant.

The Pease Development Authority board approved a revised concept presented by Aviation Avenue Group LLC for a development at 100 New Hampshire Avenue, while acknowledging concerns that a prospective subtenant for roughly half the building asked for temporary confidentiality.

Director Cherry moved to approve the revised concept per the memorandum of the engineering director; the motion was seconded and approved by voice vote. Staff said the PDA's lease will be with Aviation Avenue LLC and that the identity of a local subtenant — proposed to occupy about 50,000–60,000 square feet — will be disclosed when a sublease is submitted for approval.

Several board members questioned the public-policy logic of approving a concept without knowing the subtenant, citing municipal and community interests in transparency. Staff responded that it is common to see developers keep potential subtenants confidential until they have a firm deal, and that the PDA will review and approve any sublease when it is presented.

What was said: one board member asked why the public could not know the subtenant, noting that the board represents the public interest. Staff and the tenant representative said the subtenant is a local manufacturer that cannot easily ship its product by air (a detail offered to explain the site's suitability) and that disclosing the subtenant prematurely could jeopardize the tenancy.

Outcome and next steps: the board conceptually approved the Aviation Avenue revised plan. Staff said the PDA will review and must approve any sublease at a later date, at which point the subtenant identity will be disclosed in the public record.

The item was taken as part of the consent/agenda process and did not generate a formal roll-call vote in the transcript excerpt beyond a voice "aye."