Council OKs sale of land to developer for $700K
Eagle Tribune | By Peter Francis
November 29, 2016
HAVERHILL — As Harbor Place prepares to welcome its first occupants in the coming months, another game-changing development is coming just a few blocks away.
The city will be selling a three-acre property at 194 Merrimack St. to The Lupoli Companies for $701,000, where Salvatore Lupoli, a Chelmsford developer and restaurateur, plans to construct an 8-12 story building which will offer office space, market-rate housing, and a ground level Salvatore’s Restaurant.
“This is one of the best projects ever to come to the city of Haverhill. It will be a beacon people see for miles around,” Mayor James Fiorentini said of the building which will soon occupy the property between the Merrimack Street Rent-A-Center and Haverhill Bank. “We were hoping for a good bid, but nowhere near as good as this.”
Fiorentini spoke of a tour he took a decade ago of Riverwalk Properties, the former mill building Lupoli purchased along the Merrimack River in Lawrence and how he envisioned a similar project providing a similar jolt to Haverhill.
Today, the over 200 businesses housed in the 3.6 million square foot Riverwalk employ 5,000 people, and building is the biggest taxpayer in the city of Lawrence, said Fiorentini.
Now, many of the businesses which operate out of Lupoli’s former mill building are looking not to move, but to expand — and he believes Haverhill is the place for them to go.
Standing before the council, Lupoli spoke of his vision for downtown Haverhill, another former mill city seated on a river which has been so good to him and his company.