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A local nonprofit agency serving adults with intellectual disabilities has agreed to purchase the 15,500-square-foot building for $525,000.
The proposed branch would be the New York-based banking giant's seventh retail location in Maine and the second in York County.
The 54-unit building will be open to all people age 55 and over and will include support services for LGBTQ+ seniors, for whom affordable, centralized housing is a longstanding need .
The 300,000-square-foot structure caps a major, multiyear expansion and modernization project at Maine Medical Center in Portland.
The site presents redevelopment opportunities, said the buyer, who is meeting with the town, along with Hancock County and other local interests, to see what’s needed.
The building planned for 246 Eastern Promenade is believed to be the first new construction on that street in decades.
Saco has been trying for more than 20 years to move forward with modernization. “Half my lifetime I’ve spent waiting for some kind of solution,” said one official.
Every week in the Tuesday Real Estate Insider, Mainebiz compiles a list of commercial real estate sales. Here is a compilation of sales published in May 2024.
The partners looked for a location that would allow staff to be in the office for at least some of the time, with desks for those who want them but some still working remotely.
The research array is intended to study interactions with the marine environment, fishing industry, shipping and navigation routes and to inform commercial development of the technology.
Nate Howes, senior development officer for Avesta Housing, writes that the Firehouse Village development in Scarborough provides a good example of how different parties can work together.
Commercial leases are published every Thursday in the Mainebiz Real Estate Insider. Here's a roundup of the commercial leases from the month of May 2024.
The new Madawaska Land Port of Entry will open June 6, according to the General Services Administration, which partnered with U.S. Customs and Border Protection.
In Madison, an 18-unit affordable housing site was developed by Sam Hight, Kara Wilbur and Brian Eng. It was unveiled May 28.
Of 17 participants in last year’s Saco program, all entered the construction industry. Others have pursued apprenticeship or additional educational opportunities.
Nearly four decades after its last revaluation, the city of Bangor is getting ready for an update that will appraise more than 11,000 real estate parcels.