DURHAM, N.H. - University of New Hampshire officials have signed a 20-year lease that will make its InterOperability Lab (IOL) the anchor tenant in a new $30 million development poised to enhance and expand the downtown area.
Madbury Commons recently received final town planning board approval for the mixed-use development on 2.6 acres in the heart of downtown Durham with 126 apartments, housing 525 students, and 45,000 square feet of commercial space. The IOL will occupy 25,000 of those square feet with other parts of the university's commercialization efforts occupying another 10,000. Construction will begin in May and the building is expected to open for the fall 2015 semester.
Madbury Commons recently received final town planning board approval for the mixed-use development on 2.6 acres in the heart of downtown Durham with 126 apartments, housing 525 students, and 45,000 square feet of commercial space. The IOL will occupy 25,000 of those square feet with other parts of the university's commercialization efforts occupying another 10,000. Construction will begin in May and the building is expected to open for the fall 2015 semester.