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Real Estate & Construction
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Augusta’s Olde Federal Building will become luxury apartments
December 19, 2022Construction is set to begin at the end of 2023, with apartment and commercial space completed for rental by late 2024.
December 19, 2022
Portland Housing Authority announces new director
Updated: December 19, 2022Under Cheryl Sessions’ leadership, PHA has made progress in its plan to provide and expand affordable housing, including new builds and renovations.
Updated: December 19, 2022
Historic move: Munjoy Hill added to National Register, tax credits for rehab projects now available
Updated: December 19, 2022Adding Munjoy Hill to the National Register of Historic Places means owners of income-producing or landmark buildings in the district may apply for state and federal rehabilitation tax credits, which can total 45% of qualifying project expenses.
Updated: December 19, 2022
Old Navy signing another step forward for a Waterville shopping center
December 16, 2022The plaza was 20% vacant when it was acquired by a Massachusetts developer in 2019. Additional lease announcements are planned for Q1 2023.
December 16, 2022
Bull Moose to close Sanford store, start new chapter in Biddeford
Updated: December 16, 2022The Portland-based music and entertainment retailer will close its Sanford store and move into a Biddeford storefront formerly occupied by Nubble Books.
Updated: December 16, 2022
An Italian-inspired bakery in Bath features ‘pane e pasticceria’
Updated: December 19, 2022The bakery is part of a group of three related businesses — Solo Italiano restaurant in Portland and Solo Cucina Market in South Portland. “We walked in and said, ‘This is a beautiful space,’” said one partner.
Updated: December 19, 2022
MaineHealth buys Portland's Union Station Plaza for $16.8 million
December 15, 2022MaineHealth said it has no plans to redevelop the property at this time.
December 15, 2022
$200M solar array in Kennebec Co. will generate power for 30,000 homes
December 13, 2022The Three Corners Solar project crosses through Unity Township, Clinton and Benton. Located within CMP’s transmission system, it will produce enough power for 30,000 homes.
December 13, 2022
Bangor transit hub sees first upgrade in over 30 years
Updated: December 12, 2022The new location on Pickering Square will provide continued services to Bangor, Brewer, Orono, Hampden, Old Town, Veazie and the University of Maine. In a typical year, bus ridership is over 1 million. The facility was designed to be more accessible
Updated: December 12, 2022
In Bridgton, 48-unit affordable housing apartment building underway
Updated: December 14, 2022Harrison Ridge is a development from the Developers Collaborative. The project team also includes Portland-based Archetype Architects as the project architect and Falmouth-based Penobscot General Contractors as the construction manager.
Updated: December 14, 2022
Multiple bidders come out for Frito-Lay distribution center in Scarborough
Updated: December 13, 2022The 13,000-square-foot industrial building has 12 loading docks and ceilings up to 23 feet. “We shot it to a few investors and quickly had multiple bids,” said the listing broker.
Updated: December 13, 2022
Portland developer builds novel live-work units
December 8, 2022Developers bought the building in 2016 for $5.4 million and have invested just over $2 million to date for unit conversions and improvements. “I think it’s the future of office space on the peninsula,” said one of the brothers who bought the
December 8, 2022
UNE’s medical college takes center stage with groundbreaking
Updated: December 12, 2022A roundup of construction news from around Maine includes the groundbreaking for the Harold and Bibby Alfond Center for Health Sciences, a $93 million complex that will be the focal point of the University of New England's medical campus in Portland
Updated: December 12, 2022
Innovative 'mass timber' products take center stage in new Bowdoin College buildings
Updated: December 8, 2022Bowdoin's new Barry Mills Hall and the John and Lile Gibbons Center for Arctic Studies will showcase mass timber and CLT construction when they open in spring 2023.
Updated: December 8, 2022
Developer tackles high interest rates with ‘buydown’
December 6, 2022High interest rates have caused residential sales to come “to a screeching halt,” said Mark McClure, managing partner of GenX Capital Partners, which is “buying down” interest rates for the first two years for the first 10 buyers at the Mark at
December 6, 2022
$18M real estate portfolio is largest Brunswick deal in 5 years
December 5, 2022The deal includes 24 apartments in two buildings and over 40,000 square feet of commercial space in three buildings. The complex was developed 13 years ago on what was then a vacant brownfield lot. It’s now a commercial, residential and
December 5, 2022
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