OVP Management, Inc. adds Market Basket in development of Streetside Phase II

OVP Management, Inc. has broken ground on Settlers Green Streetside Phase II, which will include a 70,000 square foot Market Basket and an additional 4,646 square foot building next to Barley & Salt Tap House and Kitchen. The $30 million expansion project began in March.

Site work includes a new road, Barnes Rd. Extension, and a roundabout on North-South Rd. at Common Court Connector. Long-time OVP Management Project Manager Roger Williams is overseeing the construction project and is working closely with local general contractor Gordon T. Burke and Sons, civil engineer White Mountain Survey, and Cambridge, Mass.-based architectural firm of Prellwitz and Chilinski Associates, Inc.

OVP Management has been working to bring Market Basket to the North Conway community for many years. Market Basket is a family-run business that has been in operation for over 100 years. It was established in Lowell, Massachusetts, and has dozens of stores throughout New England. The North Conway location will be the 94^th store for the company. Market Basket was named to 2020's Top 10 Best Supermarkets in America by Food & Wine Magazine. It is well-known for providing its employees an excellent work environment and delivering consistently low pricing to its shoppers.

Settlers Green Streetside Phase I was completed in 2017 as part of an expansion of Settlers Green Outlet Village, originally opened in 1988. Anchored by Polo Ralph Lauren and Columbia Sportswear, Streetside includes 11 tenants with a boulevard, Streetside Drive, that provides storefront parking for its stores. Streetside Drive and Barnes Rd. Extension will serve as the main entrances to Market Basket. The addition of Streetside Phase II will increase Settlers Green to 375,000 square feet of commercial retail development with an expected $125 million in annual sales.

For more information about this project, contact Robert M. Barsamian at rmb@ovpmanagement.com or by calling 617-965-9700, ext. 13.

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OVP Management, Inc., a Newton Massachusetts based real estate development company, has developed over 500,000 square feet of commercial properties in North Conway, including Settlers Green and Settlers Crossing. For more information about OVP Management, Inc., future development plans, or leasing opportunities please contact Robert M. Barsamian in Newton, Massachusetts at rmb@ovpmanagement.com or by calling 617-965-9700, ext. 13. Additional information is also available at settlersgreen.com/leasing-info.