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A new development will offer 48 condominiums at prices ranging from $378,000 to $425,000 to eligible buyers — households who make no more than 120% of the area mean income.
The old town hall was razed to make way for the much larger 18,500 square-foot facility.
Clover Terraces is targeted to buyers who earn between 80% and 120% of the area median income — too much to qualify for subsidized housing but too little to afford Maine’s skyrocketing home prices — often referred to as the state’s workforce…
The merger expands Waypoint’s presence in western Maine. The Progress Center’s programs and staff will continue under the Waypoint name.
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.
Tara Perruzzi brings more than 30 years of retail and commercial banking experience to her new role.
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.
Officials are vetting three proposals to oversee all food and drink spaces in Maine's largest airport, with plans to issue an award in December.
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.
Portland Little League aims to raise $1 million to revitalize all of the city’s fields.
Total spending on holiday shopping was predicted to surpass $1 trillion this year, according to the National Retail Federation.
The trade association predicted retail sales in November and December would grow between 3.7% and 4.2% over 2024, which translates to total spending between $1.01 trillion and $1.02 trillion. By comparison, last year’s holiday sales rose 4.3% over 2023, totaling $976.1 billion.
But holiday shopping can be tricky, with some products seeing price increases, and the overall cost being driven up by gift wrapping, packaging and shipping.
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.
Learn More
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.
Learn More
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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