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.
The four properties, now owned by MaineHealth, will enable the museum to add much-needed parking and free up more of the museum building for gallery space.
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.
Orono Lofts will be a three-story, 40,000-square-foot building at 74 Mill St. The building was originally constructed in the 1800s as a church before being converted for Byers Manufacturing.
A century-old carriage house in Portland’s West End is being converted to five condominiums. Four more are being built adjacent to the original building. The development team includes Tim Hebert, Jack Soley and Ali Malone.
From modular construction to opportunity zones to a formula to make it affordable to build middle-income housing, private developers are finding ways to build much-needed affordable and workforce housing.