First of its Kind: Tidemark and BOD Holdings LLC Break Ground on New Apartment Complex in Somersworth
August 7, 2024
135-unit building will feature modern amenities and address critical housing shortage.
SOMERSWORTH, NH – Addressing the critical housing shortage in New Hampshire, Tidemark and BOD Holdings LLC have broken ground on a new 135-unit apartment project in downtown Somersworth. This modern residential project will offer surface parking and state-of-the-art amenities. State and local officials, along with members of the community, joined BOD Holdings LLC, Tidemark, and PROCON’s design-build team for a groundbreaking ceremony to celebrate the beginning of this significant project, which will help revitalize downtown Somersworth and provide much-needed housing options for Seacoast, NH residents.
The site, previously home to a vacant garage and an old General Electric plant overflow parking area, is being transformed into a vibrant residential space. The new apartment complex will consist of 135 units, including a mix of studios and one-, two-, and three-bedroom apartments. This project is intended to create “missing middle” housing to serve shipyard employees, nurses, and local business workers, providing modern living spaces and easy access to the Portsmouth Naval Shipyard via Route 236.
The project is located in the heart of Somersworth’s vibrant and revitalized downtown, and is expected to drive increased foot traffic and economic activity to local shops and restaurants, and spur further revitalization of downtown Somersworth.
“With the groundbreaking for these new apartments, we are not only expanding housing options in Somersworth but also setting a new standard for urban living in the area,” stated Joe Geoghegan, a partner at Tidemark. “Our goal is to create a community that offers modern conveniences and a high quality of life for all residents.”
“New Hampshire has a critical need for housing in order to keep our New Hampshire Advantage alive and well. This project will provide much-needed residential options with all the comforts and amenities of contemporary urban living for Seacoast residents,” stated John Stebbins, CEO of PROCON.
“Somersworth has so much to offer, and we are excited about how this project supports the redevelopment and revitalization of our downtown,” stated Somersworth Mayor Matt Gerding. “There is so much potential here, and we are excited about how this development will positively impact our city.”
The project is slated to be completed in the spring of 2026.
