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Construction of two affordable housing developments has finished up in Rockland and Augusta — part of the push in both cities and across Maine to tackle the shortage of homes.
The project will add 34 apartments and three independent cottages. The new residences will run on solar power, relying on a combination of on-campus rooftop panels and generation from two solar farms.
The lease provides space to consolidate adaptive gear storage and maintenance and provide accessible, on-site lodging for volunteers, interns and participants year-round.
The facility, a repurposed office building, has three times more classrooms than the Old Town location. Added capacity means more enrollment from rural areas.
The project, slated tor completion in late 2026 and dubbed Clover Terraces, targets middle-income, first-time homebuyers — those who earn between 80% and 120% of the area median income.
The buyer is the conservation group Penobscot Bay Waterkeeper, which paid Nordic Aquafarms Inc. $1.5 million for the site.
Before the sale, leases were secured for two of the three buildings, positioning the property as a strong investment opportunity with immediate income and long-term upside.
Historically, winter has offered a reprieve from the frenzied pace of the spring and fall market activity. “I predict that we are moving closer to experiencing a seasonal slowdown ahead,” said one broker.
Portland Little League aims to raise $1 million to revitalize all of the city’s fields.
Stephanie Albert will streamline procurement and contracting processes, enhance compliance practices and support both internal teams and clients.
The prospective buyer, Safe Harbor Marinas, is the largest marina and superyacht servicing business in the U.S.
The $5.5 million sale included a 2,500-square-foot house on nearly 22 acres, much of which will be turned over to the Kittery Land Trust.
New construction across the state includes school expansion in Cumberland, a new hotel in Bridgton, additional showroom and service space for a car dealer in Brunswick and affordable housing for seniors in Gray.
The vacant properties were part of a mixed-use project that never got off the ground.
The Central Maine Growth Council has named Matthew Boulerice its 2025 "Developer of the Year," in recognition of his decade-long commitment to rehabbing neglected properties in Waterville and beyond.
A new facility in Brunswick will expand the nonprofit's capacity to shelter 60% more people, providing support to both adults and families experiencing homelessness in the midcoast.
Sponsored by Kennebunk Savings Bank
For many, Thanksgiving means gathering with family and friends. It can also mean travel headaches.
AAA predicts a record 81.8 million people will travel at least 50 miles from home between Tuesday, Nov. 25, and Monday, Dec. 1.
Of those travelers, 73 million will go by car — up 1.3 million from a year ago.
With the federal shutdown resolved, air travel is expected to be back at normal levels — although, in this case, it will mean normal Thanksgiving levels. AAA predicts that 6 million people will travel by air, a 2% increase. (Last year, Portland International Jetport broke its Thanksgiving travel record, with 64,348 travelers, up from 54,636 in 2023.)
Another 2.5 million people will travel by bus, train or cruise ship.
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
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Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
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Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
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