Construction on the project began in October 2025. The first residents will move in when the first phase is completed in early 2027 and the entire build is anticipated to be finished by the start of 2028.
Seaweed grows well in Maine, yet little of that potential has translated into high-value products or ingredients. Atlantic BlueBio wants to build the infrastructure needed to turn abundance into economic opportunity.
The ground-mounted solar array is expected to generate more than 18 million kilowatt-hours of electricity a year, reducing the facility’s carbon footprint while providing long-term cost predictability.
"I think there is deep connection to other hospitality owners…who will identify with the emotional attachment, not to just the property that they put their heart and soul into, but also the relationships they build with staff,” said the listing broker.
The subdivision, slated for completion this spring, will consist of 25 stand-alone condominiums and 20 single-family house lots on 40 semi-wooded acres off of Portland Avenue.
The vacancy rate for industrial properties in southern Maine has been rising after a decade of shrinking vacancies, and was at a 7-year high at the end of 2025, according to the Portland-based Dunham Group’s annual market survey.