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While there are plenty of challenges this year — including higher interest rates, continued high construction and materials costs and the threat of recession — most of the larger construction companies have work booked well into next year.
The developers of The Downs say they need 1,000 dwellings in a proposed town center to support the restaurants, shops and other businesses they hope to bring to the area.
Of the 55 units, 42 will be reserved for households earning below 60% of the area median income. The developer, Portland-based Szanton Co., has built 11 mixed-income apartment buildings throughout southern Maine and Seacoast New Hampshire since 2004.