Above: Photo courtesy of Brady Sullivan
“If you build it, they will come” works fine for mystical ballfields, but in the rough-and-ready real estate game, the risks are high and the outcomes uncertain. This field is an equal mix of dreams, guts and instinct. For 14 years, Arthur Sullivan and his partner Shane Brady have concentrated on revitalizing underutilized properties, notably the Manchester millyard, and have spurred a renaissance of interest in places written off by others. Perhaps symbolic of that is the current renovation of the old Cabletron site in Rochester — once a shell, and now nearly all 250,000 square feet is leased. The new frontier is condominium development to provide affordable workforce housing for the future — a daunting prospect in a weak home market, but that’s where the dreams, guts and instinct kick in.
This article appears in the November 2007 issue of New Hampshire Magazine