BIDA Backs Amended NIMCO Deal with Lansing Melbourne Group
City of NashuaCity · Nashua, NH- Disclosed value
- Phase One: $35,000 per unit (approx. $4.7 million); Phase Two: $25,000 per unit (approx. $2.675 million); $700,000 demolition credit; dog park credit up to $1.2 million ($600,000 per phase); escalating Phase Two option payments $10,000/month, then $20,000/month, then $30,000/month over three years
- From minutes
- Document date
- Jul 8, 2026
The 30-second brief
The Business and Industrial Development Authority unanimously recommended that the Board of Aldermen approve Resolution R-26-047, amending the master development agreement and land sale terms between the City and Lansing Melbourne Group for the NIMCO property. The revised deal restructures the project into two phases with a combined land price of roughly $7.4 million, demolition and dog park credits, and escalating option payments to keep Phase Two on schedule while preserving public amenities and a new street connection.
Lansing Melbourne Group holds this facilities contract with City of Nashua. Its other public contracts on record include work for Washington County and Town of Derry.
Term as filed: Phase One closing deadline March 31, 2027; Phase Two closing within 3 years of issuance of Phase One building permits; Phase Two option payments over a 3-year escalating period beginning 12 months after last Phase One building permit.
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Contract details
- Contract type
- Facilities
- Amount
- Phase One: $35,000 per unit (approx. $4.7 million); Phase Two: $25,000 per unit (approx. $2.675 million); $700,000 demolition credit; dog park credit up to $1.2 million ($600,000 per phase); escalating Phase Two option payments $10,000/month, then $20,000/month, then $30,000/month over three years
- Document date
- July 8, 2026
- Term
- Phase One closing deadline March 31, 2027; Phase Two closing within 3 years of issuance of Phase One building permits; Phase Two option payments over a 3-year escalating period beginning 12 months after last Phase One building permit
- Vendor
- Lansing Melbourne Group
- Agency
- City of Nashua
- Source document
- Business and Industrial Development Authority (BIDA) Minutes July 8, 2026 (Minutes)
Lansing Melbourne Group's other public contracts
More City of Nashua contracts
Questions about this contract
Who was awarded the facilities contract by City of Nashua?
Lansing Melbourne Group was awarded this facilities contract by City of Nashua, as recorded on July 8, 2026. The contract value is Phase One: $35,000 per unit (approx. $4.7 million); Phase Two: $25,000 per unit (approx. $2.675 million); $700,000 demolition credit; dog park credit up to $1.2 million ($600,000 per phase); escalating Phase Two option payments $10,000/month, then $20,000/month, then $30,000/month over three years.
How much is the Lansing Melbourne Group contract with City of Nashua worth?
The Lansing Melbourne Group contract with City of Nashua is valued at Phase One: $35,000 per unit (approx. $4.7 million); Phase Two: $25,000 per unit (approx. $2.675 million); $700,000 demolition credit; dog park credit up to $1.2 million ($600,000 per phase); escalating Phase Two option payments $10,000/month, then $20,000/month, then $30,000/month over three years, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Business and Industrial Development Authority (BIDA) Minutes July 8, 2026 (Minutes), dated July 8, 2026 from City of Nashua. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Lansing Melbourne Group hold?
Lansing Melbourne Group may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Nashua currently buying?
Explore City of Nashua's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.