A $22M condo development in Portland aims for completion by year's end
Courtesy / Scott Miele
The Daymark, a condo development, is at 75 Chestnut St., at Oxford Street, in Portland's Bayside neighborhood.
Although it’s still under construction, more than a third of the condominium units at the new Daymark development in Portland are already under agreement.
The developer of the $22 million project is Middleton, Mass.-based Procopio Cos.
The seven-story, 22,000-square-foot mixed-use residential property, at 75 Chestnut St. near Oxford Street, will have 54 condominium units and 2,400 square feet of commercial space on the first floor.
Buyers have come from Maine, as well as Boston, Brooklyn, Rhode Island and Pennsylvania, said Michael Procopio, CEO of the Procopio Cos.
Units range from $399,000 to $1.1 million. Delivery is scheduled in late 2022.
Procopio hired Portland-based Archetype Architects as the architect and Boston-based CUBE 3 for the interiors. Construction is being overseen by Saco-based PM Construction.
Portside Real Estate Group is handling residential sales. The development has partnered with Caliber Home Loans, a national mortgage lender with a presence in Maine, to offer options for buyers to start locking in their rates, said Kaili Moore, an associate broker with Portside.
The Dunham Group in Portland is brokering the commercial space.
The one- and two-bedroom units will feature hardwood floors, quartz countertops, custom cabinetry, Blomberg appliance packages, individual enhanced ventilation systems, and balconies and walk-in closets in most units.
The building will have a club room, fitness area, co-working space, sports-and-gaming lounge and a makers space.
With the competitive housing market in Portland, amenities included with new residential developments have become increasingly high end to appeal to buyers from away who are used to custom offerings.
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