BUSINESS QUARTERLY: Peterborough’s ‘newest neighborhood’ begins to take shape

The Peterborough Fire Department conducts live burn training at 241 Union St. earlier this month. 

The Peterborough Fire Department conducts live burn training at 241 Union St. earlier this month.  COURTESY PHOTO JUSTIN DOLE/SWNH ALERTS AND INFO

The home at 241 Union St. was orginally built in the 19th century and rebuilt in the 1980s. 

The home at 241 Union St. was orginally built in the 19th century and rebuilt in the 1980s.  COURTESY PHOTO JUSTIN DOLE/SWNH ALERTS AND INFO

A Peterborough firefighter climbs a ladder during a training exercise at 241 Union St. in Peterborough. The property will be developed into workforce housing. 

A Peterborough firefighter climbs a ladder during a training exercise at 241 Union St. in Peterborough. The property will be developed into workforce housing.  COURTESY PHOTO JUSTIN DOLE/SWNH ALERTS AND INFO

The former house and barn at 241 Union St. in Peterborough will be the site of a new development, Our Town Village.

The former house and barn at 241 Union St. in Peterborough will be the site of a new development, Our Town Village. COURTESY PHOTO

A rendering of conceptual design for Our Town Village in West Peterborough. 

A rendering of conceptual design for Our Town Village in West Peterborough.  COURTESY IMAGE HALLIDAY REAL ESTATE

Members of local fire departments participate in the live burn training on April 5. 

Members of local fire departments participate in the live burn training on April 5.  COURTESY PHOTO JUSTIN DOLE/SWNH ALERTS AND INFO

Firefighters at the 241 Union St. property on April 5. 

Firefighters at the 241 Union St. property on April 5.  COURTESY PHOTO JUSTIN DOLE/SWNH ALERTS AND INFO

By JESSECA TIMMONS

Monadnock Ledger Transcript 

Published: 04-29-2025 12:01 PM

A three-acre property at 241 Union St. in Peterborough will soon be the site of Our Town Village – a joint project by Halliday Real Estate and the Mathewson Company.  

The completed project will consist of 30 total units, including one building with 20 units, a four-unit building and a six-unit building. Halliday Real Estate is marketing the project for the Mathewson Company, which recently purchased the site. 

Sadie Halliday, principal of Halliday Real Estate, calls the new development “Peterborough’s newest neighborhood.” 

“This property is the perfect location for this type of project, and we are so excited about it,” Halliday said. “This site is walkable by sidewalk to downtown Peterborough. It’s walkable to the elementary school and the community center, and people would possibly be able to walk to work. They will be near the type of community support and structures that enables families to thrive. ” 

The Mathewson and Halliday companies have partnered on several recent developments in Peterborough, including Southfield Village and Trail’s End Common. 

“We are very excited that we have brought Phil Mathewson in as the developer. We’ve been crunching the numbers for the past few months on how to offer multiple types of housing,” Halliday said. “We had offers from several people who wanted to put up luxury condos, but the Mathewson Company stepped forward to make this happen.” 

The project was approved by the Peterborough Planning Board about a year ago.

“The permitting took a little longer because the property was within the shorelines of the Nubanusit River, but once we had that we were ready to go,” Halliday said. “We’ll open up a waiting list for homes later this year, and people can start reserving their homes; it’s very exciting.” 

Fire Department used property for training 

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The Peterborough Fire Department has been using the abandoned single-family home at 241 Union St. for training for several years. 

“We’ve used the building for various types of training, including advancing hose lines and search and rescue, things like that. It is very valuable to train in a controlled environment,” Fire Chief Ed Walker stated. 

In early spring, Halliday decided to demolish a large 19th-century barn on the property prior to allowing the Peterborough Fire Department to use the house for a live burn exercise.

“It was a very large structure, and we decided it would be more manageable to just focus on the training burn for the house,” Halliday said.

Walker called the training a “rare opportunity.”

“We very rarely have the chance to get to go into a real building and actually practice putting fires out,” said Walker. “Being able to come in here ... and actually be able to have firefighters practice moving homeliness around , extinguish fires, practice overhaul, ventilation, all those things, it is just a phenomenal opportunity for us. We want to thank Sadie and Phil Mathewson for making this happen.”

Firefighters from Peterborough, Hancock, Jaffrey, New Ipswich, Bennington, Antrim, Lyndeborough and Rindge took part in the all-day live burn training event on April 5.  

For  information about the project, visit hallidayrealestate.com.