Interchange Development LLC began construction of “Merchants Way,” a new Market Basket anchored shopping center adjacent to Interstate 93 Exit 17 in the Penacook area of Concord.
The first phase of Merchants Way will include a new 80,741-square-foot Market Basket supermarket and 22,500 square feet of attached retail space, and a new 13,500-square-foot NH Liquor & Wine Outlet. Also under construction are two private roads, Merchants Way and Interchange Drive, utilities to serve the 43 acre site, storm drainage, parking and sidewalks.
The NH Liquor & Wine Outlet will feature LED fixtures, spacious aisles, and iPad kiosks for perusing inventory and wine and food pairings. “We look forward to offering an expanded selection of wines and spirits in a new spacious shopping environment” said NH Liquor Commission Chair Joseph Mollica.The Merchants Way development is part of a public-private partnership with the City of Concord responsible for constructing off-site road improvements along Hoit Road (Route 4) and Whitney Road. A single lane roundabout will be constructed this fall along Whitney Road at the main entrance of Merchants Way and a hybrid roundabout will be completed on Route 4 at Whitney Road to coordinate with the opening of Market Basket in 2022.
Four additional tenants at Merchants Way are currently in the design and/or permitting phases and will be announced over the coming months. A total of over 200,000 square feet of space for restaurants, retail and services are planned for Merchants Way upon completion.
Current Issue - April 2024