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A new 360-unit apartment complex called Prescott Post is being built in Portsmouth, New Hampshire.

The development will feature 17 buildings with apartments ranging from studios to three-bedrooms.

Developers state the apartments will be priced for the "middle market" rather than as luxury units.

Portsmouth's mayor noted the project will help address the local housing crisis and that rents have recently started to slightly decrease.

PORTSMOUTH — Officials from The Kane Company and Eastern Real Estate celebrated a ceremonial groundbreaking for their massive 17-building, 360-unit market rate apartment development .

The Prescott Post apartments project event took place Dec. 3 in a heated tent at 100 Durgin Lane , where the recently demolished Bed Bath & Beyond

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