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Madbury Commons Transforming Downtown Durham, Technology

Carol Miller is the director of broadband technology here at the New Hampshire Division of Economic Development. She reports on the groundbreaking ceremony on Aug. 6, signifying the start of one of the state’s largest developments getting underway. Ed.

 

Education and investment are alive and well in Durham, as the development of Madbury Commons gets underway in the downtown.

Jeff Rubin, Golden Goose Capital, developing Madbury Commons.

This is a large multi-use project by Durham-based Golden Goose Capital. It will feature 126 apartments housing 525 students and 45,000 square feet of commercial space. The anchor tenant in this $30 million development will be the University of New Hampshire’s InterOperability Lab. UNH officials signed a 20-year lease earlier this year.

The development is one of the largest in motion in New Hampshire and hits the right themes in terms of the state’s economy. As the home to hundreds of college students and the IOL, Madbury Commons is going to be a boon on many fronts. From this, we can expect to see about 1,500 visitors annually, from all over the world.

The IOL is a technology company wholly-owned by UNH, which is dedicated to the testing of wireless products for companies such as Samsung, Google and Apple. The UNH-IOL is dedicated to fostering cooperation within the data communications industry, while providing hands-on experience to future engineers.

This development will require large capacity gigabit broadband to serve the needs of students, the IOL and other commercial tenants

Madbury Commons is the remarkable result of vision, investment and education and I look forward to the ribbon cutting ceremony in about a year’s time, which will signify the opening of this development.

 

Carol Miller

Director, Broadband Technology

NH Division of Economic Development

 

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