MANCHESTER, NH – Jones Street Investment Partners, a private equity real estate firm focused on multifamily assets located throughout the Northeast and Mid-Atlantic regions of the U.S., hosted a ribbon cutting ceremony at 75 Canal, its new 250-unit Class-A multifamily community located in the heart of downtown Manchester, NH. The celebration included comments from Jones Street CEO Matt Frazier and Mayor Jay Ruais, in addition to representatives from the Greater Manchester Chamber and Jodie Nazaka, Director of the Manchester Economic Development Office.
75 Canal, which broke ground in late 2022, brings much needed high-quality housing to the Manchester area and features a mix of studio, one-, two-, and three-bedroom apartments as well as approximately 2,000 square feet of retail space along Canal Street. The highly amenitized community features a lobby-level fireside lounge, rooftop terrace, work pods, a social lounge and TV parlor, game room, fitness center, two outdoor courtyards, a pet spa and a 207-car parking garage inclusive of dedicated motorcycle parking and EV charging stations. The apartments boast in-home laundry, high-end finishes, and oversized windows; select units feature 12-foot ceilings, kitchen islands with grand pendant lighting, and skyline views.
We are glad to gather with our friends, colleagues and collaborators to celebrate the opening of 75 Canal, a marquee project for our organization that brings much needed housing to a severely supply constrained market, said Matt Frazier, founder and CEO of Jones Street. The successful completion of 75 Canal not only advances our investment strategy, but it also demonstrates our development capabilities, which are a core part of our growth plans. We look forward to delivering an exceptional living experience to our residents and operating as a responsible partner to the Manchester community.
In addition to its diverse range of rental units, 75 Canal also features approximately 2,000 square feet of ground floor retail. The community is highly walkable to a variety of retail, restaurant, and entertainment options in downtown Manchester. It is also ideally situated within walking distance to the University of New Hampshire and South New Hampshire University as well as several of the city s largest office buildings, including those of Oracle, TD Bank, United Health Care, Bank of America, and New York Life. 75 Canal also offers easy access to Boston and Concord via I-293 and I-93.
Manchester, NH is the largest economic center in northern New England, boasts a rental market defined by exceptionally high occupancy and strong rental growth rates, and was named the 9th Best Metro Area in the country by the Wall Street Journal due to a combination of low unemployment rates and high affordability and economic growth.