As full construction on the 145-mile project in Somerset, Franklin and Androscoggin counties gets underway, including the undeveloped northern 53 miles that were under the injunction, the Maine AFL-CIO also endorsed the project.
A series of sales and acquisitions over the past year have helped South Berwick real estate developers Jim and Rebecca Henry tune their portfolio to new opportunities, as Maine becomes the go-to state for people looking to move from larger metropolitan areas.
The Henrys, owners of real estate development company Remington Street Properties, come from software technology backgrounds in Boston, then became active in real estate investment in Massachusetts, New Hampshire and Maine.
Jim Henry is originally from Maine.
Their focus initially was on the Portland multi-family market. In 2019, they took their first plunge into the office market with the purchase of the Cinamon Building at 1 Pleasant St. in Portland’s Old Port and also expanded geographically, buying 19 mostly multi-family buildings in Augusta.
A luxury condominium in Portland’s historic West End that was the subject of a failed auction in 2019 is back on the market with the Boulos Co. through a call for offers.
The Williston West Condominiums, at 32 Thomas St., is a 18,336-square-foot former church with existing cash flow from five tenanted units.
The Gothic-style Williston West Church underwent a partial restoration and redevelopment that began in 2011 into five one-, two- and three-bedroom units. The property also includes a vacant residential shell in the parish house.
The property recently received an amendment to a conditional zoning agreement that allows for construction of up to six additional units.
Threatened by coronavirus, city’s restaurants turn tables
Creativity and customer support, along with government aid, helped Portland restaurants stay in business at a higher rate than other parts of the country, but dozens have yet to reopen their doors and almost all have losses to recoup.
This is the first of five parts in our series on the impact of the COVID-19 pandemic on Portland’s restaurants.
In mid-March 2020, the staff at Becky’s Diner in Portland feverishly prepared for St. Patrick’s Day, an extraordinarily busy time at the waterfront restaurant when everyone wants corned beef and cabbage.
By Staff
The city of Portland has acquired 27 acres of forested land and plans to preserve the parcel through the municipal land bank, according to a news release Monday.
The property, at 204 Rand Road, will join existing preserves at the adjacent Fore River Sanctuary and Jewell Falls.
The city bought the parcel from the Avangrid Foundation for $325,000 after the Portland City Council approved the purchase in December. The foundation donated 85% of the appraised value or roughly $275,000 to the Portland Land Bank to support the acquisition.
Drew Sigfridson and Jon Rizzo of the Boulos Co. brokered the deal, which closed Feb. 26.