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New Hampshire Developer Purchases Landmark Claremont Property

Apr 18, 2022 02:41PM ● By Virginia Dean
New Hampshire developer Eric Chinburg has recently purchased his second landmark Claremont property, the four-story Queen Anne-style former hotel on Opera House Square otherwise known as the Moody Building.

The property is one of the city’s most recognizable, whose image has historically been put on vintage postcards and promotional materials. Chinburg bought the 50,000-square foot building from Derry, N.H., real estate investor David Incerto for $1.6 million. Incerto had purchased it for $1.1 million in 2017. From 2004-to 2017, the building was owned by a partnership between Sullivan County investors Tony Zullo and Andy Dauphin. The former Moody Hotel building, named after N.H. manufacturer and Claremont benefactor William H.H. Moody, dates to circa 1900 and was considered one of the state’s most elegant hotels. It was converted into retail stores on the street level and offices on the upper three floors in 1960. 

Chinburg, who has redeveloped mills in southeastern N.H., said he is not intending to convert the Moody Building into residential units but to keep it the way it is and to make improvements as necessary. The ground floor is home to retail shops, a restaurant, a photography studio, a travel agency, and Sullivan County Republicans. The upper floors include N.H. Legal Assistance, Greater Claremont Chamber of Commerce, Pregnancy Center of the Upper Valley, and other social service agencies and mental health counselors. Chinburg’s purchase of the Moody Building is the second property on Opera House Square to change hands this year.

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