Depot Terraces is the latest development to get the green light from the Freeport Planning Board. The four-story, 45-unit condominium complex, to be built on Depot Street, got swift approval from the board last week.
Construction has begun on the Lambert Woods North apartments at 2274 Washington Ave. Extension in Portland, phase one of a large affordable housing development that will eventually include 162 apartments.
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 population.
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.
By using prefabricated panels for walls, elevator shafts, floors and roofing, Hebert Construction is fast-tracking building time on a 61-unit affordable senior housing project.
The ever-evolving 577-acre mixed-use community between Route 1 and Payne Road in Scarborough currently has under construction new condominiums, a Market Basket grocery store and an Intermed outpatient facility.
Companies in this year's Inc. 5000 list generated a combined $300 revenue in 2024. The list includes Maine companies that span sectors from technology to construction.