, Newburyport, MA

Local News

January 3, 2013

Karp floats plan for hotel

Located on former Fitness Factory property on Merrimac Street


In 2011 his local real estate team briefly discussed building a hotel on his eastern swath, at the site of the Oldies Marketplace off Water Street. Those plans were abandoned.

Karp’s New England Development (operating here as Newburyport Development) owns about 50 parcels in the downtown, including restaurants, marinas and office buildings. In the area of Titcomb Street he owns a handfiul of adjoining properties.

Karp met with Holaday in part to keep abreast of developments here, including status of a proposed parking garage and the Newburyport Redevelopment Authority’s plan to develop park and commercial buildings on 4.2 acres it owns along the riverfront.

No information was released on whether a hotel and/or motel would be run by a chain or independently.

Holaday mentioned Karp’s interest as part of a year-end interview assessing the past year and looking into the future.

She said that one key project city officials will pursue in coming months will be strengthening the bulkheads downtown along the river.

The city is in line to receive a $2 million matching grant from the state Seaport Advisory Council, and is scheduled to meet this morning to discuss steps that must be taken before construction can be scheduled. Work could begin this spring.

Another project that Holaday is pursuing is a study of the water and sewer system on Plum Island. (The city of Newburyport manages the system though many residences there are located in Newbury.)

Holaday said she has met with state officials to study and analyze the system, which she recalled cost close to $30 million to develop. A report will be issued in late February or early March.

Holaday said that her priorities for 2013 include getting re-elected, pursuing the two school building projects that voters have approved and to continue to upgrade technology and communication tools at City Hall.

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