Rendering / Provided, GreenMars
A rendering provides a rough idea of what some of the nine buildings at Deering Village may look like.
September 11, 2024
With over 100 units, another affordable housing complex is proposed for Portland
Just a few months after unveiling a proposal to build more than 100 housing units in Portland — half of which would meet affordability criteria — GreenMars Real Estate wants to build a second, similar complex.
The developer on Wednesday said it will soon seek city approvals to construct a community of 90 condominiums and 18 accessory dwelling units at 410-418 Auburn St., in the North Deering neighborhood. To be dubbed Deering Village, the complex would include 45 affordable residences.
Deering Village would consist of nine buildings on a 4.2-acre parcel of undeveloped land. The units would include studio, one-, two- and three-bedroom condos, and two condos in each building would come with an ADU that owners could use to produce rental income or as in-law suites. There would be 152 parking spaces. Walking trails would connect the complex to North Deering Park, a new, 24-acre park with a sports field, pond and forested areas.
GreenMars hopes to open Deering Village by the summer of 2026, according to the Portland firm's website. Besides GreenMars, other businesses participating in the project include Acadia Realty Partners, Barton and Loguidice, Drummond Woodson, BH2M, Invivid Architecture and McFadden Environmental.
“We need housing in Portland, and we desperately need housing that’s affordable,” said GreenMars co-founder Nate Green in a news release. “We hope Deering Village makes home ownership and the financial security that comes with it more accessible to the many who have been unable to find affordable homes.”
In June, GreenMars announced a proposal to build a community of 90 condos and 18 rental apartments at 1877 Congress St., in the Stroudwater area. That development, Stroudwater Commons, is planned to include roughly 22 units for residents earning no more than 80% of the area median income, and another 32 for those making up to the AMI.
The developer said both projects are a direct result of new state legislation that allows construction of more housing units than under local zoning — if at least half of them meet affordability criteria. The law, LD 2003, was enacted in 2002, but took effect this January.
“We believe Deering Village and Stroudwater Commons are the first large-scale LD 2003 projects in the state,” said Chris Marshall, co-founder of GreenMars. “Through LD 2003, the state has created a valuable tool to address Maine’s housing crisis, and we’re responding quickly with two developments that we hope will help a new group of Mainers access the benefits of home ownership."
GreenMars said it will submit paperwork for the Deering Village project to the city after a community meeting Wednesday night. It's scheduled for 6 p.m., at the Allen Ave Universalist Church, 524 Allen Ave. in Portland.
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