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A Manchester property owned by the chosen developer of the former Laconia State School site was foreclosed on and put up for sale at auction Tuesday.

The Laconia Daily Sun reported that the building at 4 Elm St. in Manchester, a former children’s school later owned by the American-Canadian Genealogical Society, was bought for $599,000 in 2019 by Four on Elm LLC, one of the real estate companies of Robynne Alexander. Alexander is the developer whose $21.5 million purchase of the Laconia State School was greenlit by the Executive Council in December.

Alexander directed questions to Scott Tranchemontagne, a spokesman for Legacy at Laconia, who emphasized that the Elm property is a “completely separate and unrelated project to the Legacy project in Laconia.

Tranchemontagne said Alexander had placed the 4 Elm St. property under contract “a while ago,” though could not provide an exact date.

Concerns about the financial security and experience level of Alexander, and whether the state had sufficiently vetted her, voiced by Laconia officials delayed the sale agreement’s approval when it went before the Executive Council in December.

The New Hampshire Bulletin reported at the time that Alexander had not completed a project on the scale of what was proposed for the State School property, and that her biggest project in the state was years behind schedule and had been the subject of a lawsuit. — JEFF FEINGOLD

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