City staff briefs aldermen on BIDA parcels; LMG named preferred developer amid phasing and parking negotiations

At the special Board meeting Matt Sullivan, Nashua’s Community Development Director, reviewed the status of the Bida parcels and the larger Mill Yard vision. He said the Business and Industrial Development Authority (BIDA) issued an RFP and received two high-quality proposals; BIDA preliminarily selected LMG (a developer previously active in the city) and negotiations began in mid-2026.

Sullivan listed negotiation topics aldermen should expect to see: whether parcels should be phased within a larger Mill Yard buildout; a requirement in the disposition resolution to provide public parking access; responsibility for demolishing an existing building (the former police training facility) and potential use of brownfields grant funds to assist cleanup; and an unusual affordable-housing condition carried from the earlier disposition resolution that at least one unit be capable of accepting a Housing Choice Voucher. Sullivan emphasized these issues are central to development-agreement negotiations and that acquiring adjacent properties could change what is feasible on the Bida parcels.

Sullivan also described the city’s objective of restoring more green space and pedestrian connections in the Mill Yard area as part of a cohesive buildout. He asked aldermen to be prepared for a larger conversation about phasing trade-offs and public-improvement expectations before the city finalizes any agreement with a preferred developer.