Cross Insurance and Bangor Savings Bank will share a building on the “best corner” in the town, an arrangement that’s unusual for both businesses. In other construction news, a spring groundbreaking is expected for a vertical greenhouse in Westbrook.
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Landry/French Construction is in the final stages of building a new site in Windham for Cross Insurance and Bangor Savings Bank. Occupancy is expected by this summer.
When completed, the building in Windham will be 7,000 square feet, on a busy corner at the intersection of Routes 115 (Tandberg Trail) and 302 (Roosevelt Trail).
Bangor Savings will occupy about half of the building with offices and a branch. Cross Insurance will occupy the other half as office space. Design for the building was by TAC Architectural.
Cross Insurance, which was already in a building at that location (now adjacent to the new space), owns the land. Bangor Savings owns the building. The two companies codeveloped the new building.
“It’s a new kind of setup for us,” Bangor Savings President and CEO Bob Montgomery-Rice told Mainebiz.
He and Cross Insurance CEO Royce Cross first talked about the collaboration over lunch.
It’s the first time where the two Bangor-based institutions have ventured into the same space in this way.
Montgomery-Rice said the high-visibility site fits the criteria for a new branch.
“It’s the best corner in Windham. We’ve been looking at Windham for a long time,” Montgomery-Rice says. “It’s a market we have a lot of customers in. The [adjacent] Main Street Market is very vibrant. That’s where we tend to open is a busy intersection. It’s the right location.”
Landry/French expects to complete the building by June, says Lisa Stevens, marketing director for the Scarborough-based construction firm.
Landry/French is also in the process of outfitting a new Bangor Savings branch at 1071 Brighton Ave. in Portland, across the street from the current office in the Pine Tree Shopping Center. It is the former University Credit Union space.
Vertical Harvest set to break ground
In Westbrook, a spring groundbreaking is expected for a four-story, 70,000-square-foot vertical greenhouse.
Vertical Harvest is an innovative greenhouse that expects to produce 1 million pounds of produce per year, supplying hospitals, corporate cafeterias, schools, restaurants, caterers and chefs in general. It will also supply farmers markets.
Harriman is the local architect and engineer, in partnership with GYDE Architects of Jackson, Wyo. The design is by Vertical Harvest CEO Nona Yehia.
The Mechanic Street project is being done in partnership with the city of Westbrook.
Vertical Harvest, which is also based in Jackson, Wyo., expects to hire 50 people.
