Located along Route 11 in Rochester, New Hampshire, adjacent to the highly successful Ridge Marketplace, Cedar Landing at the Ridge is a transformational $400 million mixed-use expansion redefining the future of development in the Seacoast region. Previously known as Ridge Phase II, Cedar Landing at the Ridge is the brand new name for the phase II mixed-use campus, directly adjacent to the Ridge Marketplace. That shopping center was originally developed by Waterstone Properties Group and recently sold to Torrington Properties (2025). Waterstone Properties Group is now developing the phase II mixed-use portion and also an additional parcel, known as North Ridge (info below).
Designed as a true “Live, Work, Play” destination, Cedar Landing at the Ridge will introduce a vibrant, walkable campus featuring residential living, healthcare, entertainment, dining, fitness, and retail integrated into one modern lifestyle environment.
The approximately 400,000-square-foot expansion will build upon the momentum of The Ridge Marketplace — one of New Hampshire’s busiest shopping destinations — and create a dynamic new community hub serving residents and visitors throughout Southern New Hampshire, the Seacoast, and Lakes Region.
At its core, Cedar Landing at the Ridge is centered around connectivity, convenience, and experience. The project will include over 220 residential units, major healthcare services anchored by a 24/7 Mass General Brigham emergency department, Service Credit Union, a movie theater and arcade entertainment destination, fitness offerings, restaurants, retail, trails, outdoor gathering areas, and event programming.
Strategically located just 1.5 miles from Exit 15 of the Spaulding Turnpike, the development serves a regional trade area of more than 450,000 people and continues Waterstone Properties Group’s commitment to creating impactful mixed-use destinations that enhance the communities they serve.
Cedar Landing at the Ridge represents the next evolution of Rochester’s commercial and residential growth — delivering a modern destination where people can live, work, gather, and experience the best of New Hampshire.
North Ridge is poised to become one of the largest and most ambitious mixed-use developments in New Hampshire, marking the next evolution of The Ridge in Rochester. Spanning approximately 160 acres—more than tripling the size of the project's first two phases combined—the multi-decade expansion is envisioned as a dynamic live, work, and play destination that will reshape the Route 11 corridor into a regional hub for entertainment, commerce, and community. Preliminary plans feature a signature 36,000-square-foot event venue inspired by Pittsburgh's acclaimed Stage AE, designed to host concerts, weddings, and year-round events, alongside a health and wellness campus, market-rate residences, an expansive collection of retail and restaurants, and an interconnected trail system linking the development to downtown Rochester. As the vision continues to take shape, North Ridge has the potential to attract a hotel, nationally recognized retailers, and hundreds of new homes, while creating thousands of jobs and generating an estimated more than $5 million in annual tax revenue—positioning Rochester as one of New Hampshire's premier destinations for growth, investment, and quality of life.

• $400 million total investment
• 400,000 SF mixed-use development
• 26.5 acre campus
• 222 market-rate residential units
• 93,000 SF retail, dining, and office space
• 35,300 SF movie theater & arcade entertainment center
• 15,255 SF medical building anchored by a 24/7 emergency department
• 13,615 SF fitness facility
• 6,000 SF event lawn and community gathering space
• Residential clubhouse and amenity space
• Direct access to regional trail networks
• Located adjacent to The Ridge Marketplace
• Trade area population exceeding 450,000 people
• Positioned along Route 11 near Spaulding Turnpike Exit 15

Cedar Landing at the Ridge is strategically positioned on Route 11 in Rochester, New Hampshire, adjacent to the existing Ridge Marketplace and just minutes from the Spaulding Turnpike.
The development benefits from:
• Direct visibility from Route 11
• Access to major regional traffic corridors
• Proximity to the Lakes Region and Seacoast
• Existing retail traffic generated by The Ridge Marketplace
• Strong regional demographics and growth patterns
• Connections to local trail and recreation networks
The site serves a growing regional population and captures visitors traveling between the Seacoast, Lakes Region, and Southern New Hampshire.

ABOUT WATERSTONE PROPERTIES GROUP
Waterstone Properties Group, Inc. is a privately owned real estate investment and development company with a diverse portfolio of properties throughout the United States. Since 2006, the company has invested in, developed, and operated commercial real estate with a focus on creating long-term value for its investors, tenants, employees, and the communities it serves. Today, Waterstone proudly manages more than 4 million square feet of premier commercial real estate across 51 properties, serving a diverse roster of more than 375 national and local tenants, ranging from international category leaders to local family-owned businesses.
Waterstone specializes in the acquisition, development, and management of retail shopping centers, mixed-use properties, residential communities, warehousing and logistics facilities, corporate headquarters buildings, and medical campuses. The company also has more than 400 multifamily and residential units and an active development pipeline of approximately 3 million square feet. Driven by a value-add acquisition strategy focused on grocery-anchored shopping centers, Waterstone continues to expand its footprint in high-growth corridors and strategic regional hubs. The company has also developed 4 million square feet of healthcare-focused properties, including Maine's newest medical facility, Rock Row Health Campus.
A pioneer in large-scale, immersive entertainment and guest-focused destination locations, Waterstone applies its development expertise to create unique retail, healthcare, and community environments. The company prides itself on maintaining long-standing relationships with its business partners and being an active participant in the communities it serves. For more information, visit www.waterstonepg.com.