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Raymond also was optimistic about Green Fall Marketplace, saying that they were talking with prospective tenants ranging from grocery to health club to professional offices.
The back plaza, which is largely invisible to passing traffic on Route 101A, has been empty since. Nature's Green Grocer, of Peterborough, planned to expand there in 2011, but that plan fell through.
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"There's a lot of activity around this site," said Robert Raymond, who with partner Ben Coggins bought the two plazas at 341 Amherst St., on 2 acres, for $7.25 million. The two Polo Shirt Lacoste Original
But not for much longer, Raymond said. Two franchise restaurants Orange Leaf Frozen Yogurt and Firehouse Subs will be moving in, he said.
And right behind Somerset Plaza, in the Trafalgar Square complex, plans are underway to build a four story, 118 room hotel and free standing restaurant. The restaurant will go before the city's zoning board on Tuesday seeking a variance. If successful, the projects will then go before the city Planning Board.
"Hopefully, it will be tenanted by Christmas," he said.
"We've been trying to buy in New Hampshire for two years," he said.
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plaza" to the list of sites changing amid a flurry of activity on Amherst Street in Nashua near Somerset Plaza, including a new hotel.
The Red Fall and Green Fall marketplaces, which share a parking lot, were built by Massachusetts developer Nick Hera in 2008, just as the recession clobbered the retail businesses nationwide. They have never recovered from that poorly timed start.
They say the front plaza soon will be full for the first time in its five year history, while the back plaza, which has never had a single tenant, should become more attractive with improved traffic flow due to redevelopment next door.
The front plaza, best known for the Five Guys burger chain that became its first occupant in 2009, was empty for more than a year and still has some unfilled spaces.
The 9,000 square foot plaza at 341 345 Amherst St., officially called Red Fall Marketplace, as well as the 22,000 square foot plaza behind it (Green Fall Marketplace), have been bought by Massachusetts developers.
"We're signing two leases that will have it fully occupied," he said.
This adjacent redevelopment involves Nashua's first branch of Service Credit Union, which will replace a now demolished strip mall that held the Chen Yang Li restaurant, at 337 Amherst St. The Service Credit Union should open early next year, just east of the two marketplaces; the two developments will have connected parking areas so that traffic can visit both of them without having to venture back out onto heavily trafficked Amherst Street.
The hotel, proposed by a development group called Nashua TS Residence Inn, would be built on a site that had been cleared for an office building that was never built due to the recession.
another hotel may be coming to Trafalgar Square
Slightly west of Red Fall Marketplace, Somerset Plaza recently saw a new, larger Market Basket open its doors to great fanfare. Details still are unclear about what will replace the former Market Basket store in that plaza.
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