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The bank donated 12 acres and over $500,000 to Avesta in 2023, to facilitate development of a 70-unit affordable housing community for ages 55 and older.
The event, now in its seventh year, has raised over $75,000 for the Foundation for Portland Public School.
The courtyard is a half-acre, semi-enclosed space adjacent to the McGoldrick Center and the new Portland Commons Residence Hall.
The property is the latest project by Friends of Acadia to tackle the lack of seasonal workforce housing in the area.
The complex, scheduled to open next spring, has 124 studios and 126 one-bedroom apartments, plus a courtyard, golf simulator, raised garden beds and sunroom.
Across the state, expansions are planned, underway or recently completed, and range from new rural clinics to Maine Medical Center’s 300,000-square-foot Malone Family Tower in Portland.
One of the landmark changes was the redevelopment of the site that's now home to the Ocean Gateway, which in turn allowed for more cruise ship visits. But not everyone was a fan of the having more foot traffic.
Co-founder John Ryan, who was president since the firm's founding 40 years ago, will chair the board of directors. Alan Sparn has taken over as president.
An expanded hatchery, considered a game-changer, was one of 12 awardees in northern Maine. They also included projects aimed at workforce and child care development and municipal infrastructure.
The new office, on the edge of the University of Maine campus, is expected to employ roughly 75 full-time and part-time workers.
After success with an eatery called Lunch, the operators jumped at the chance to lease an additional location that is well-suited for a second restaurant: Dinner.
Jonathan Diggs is tasked with evaluating market trends to predict and establish short- and long-term targets to ensure the company’s financial objectives and shape future projects.
Major deals include the $2.5 million sale of VIP Tour & Charter Bus Co. in Portland and a $1.2 million Wells motel property transaction.
Every week in the Tuesday Real Estate Insider, Mainebiz compiles a list of commercial real estate sales. Here is a compilation of sales published in June 2024.
The share of local residents ages 45-64 is the area’s largest growth demographic. Amenities include 24-hour emergency maintenance and fitness rooms.
The federal funds will pay for road improvements — including modification of a highway off-ramp — that would ease traffic in East Deering, where the institute is beginning construction.