Market and Main Developer Faces Questions About Retail Leasing

Image courtesy of Encore Enterprises.

Encore Enterprises, the developer behind Bedford’s Market and Main mixed-use development, may have to answer some tough questions the next time its representatives appear before town planning officials.

At a recent Planning Board meeting, a company staffer’s presentation left board members with the impression that 12 restaurants and stores had lined up to occupy the project’s 112,791 square feet of retail space. However, the New Hampshire Union Leader reports many of those businesses, from Wahlburgers to OshKosh, said they had no current plans to do so.

“We talked briefly to the developer about a year ago, but are not planning to open a store here. This is erroneous information,” Jonathan Lapat of SRS Real Estate Partners, which represents OshKosh, told the newspaper.

Encore leaders say they are close to signing leases with several, but said prospective tenants’ names should not have been disclosed.

The project was approved as a mixed office-retail development a year ago but has since asked for permission to replace a proposed movie theater and office complex with around 300 apartment units, citing changing market demand.