Portsmouth, NH DeStefano & Associates, Inc. (DAI) has completed two projects and has broken ground on four.
• Aspen Dental in Derry, NH – DAI has completed the fit-up of a new 2,500 s/f Aspen Dental. Excel Engineering Inc. was the architect.
• Aroma Joe’s in Kittery, ME – DAI has completed the construction of a new ground up 900 s/f Aroma Joe’s on 523 US Rte. 1. TK Architects was the architect.
• Aroma Joe’s in Seabrook, NH – DAI has started the construction of a new ground up 900 s/f Aroma Joe’s at 270 Lafayette Rd. TK Architects is the architect. Anticipated completion is scheduled for Dec. 2023.
• Dunkin Donuts in Limerick, ME – DAI has broken ground for a new 1200 s/f Dunkin Donuts. Architect is Aharonian & Associates, Inc. Anticipated completion is Dec. 2023.
• Dollar General in East Waterboro, ME – DAI has broken ground for a new 11,500 s/f Dollar General. Architect is Aharonian & Associates, Inc. Anticipated completion is Dec. 2023.
• Wholistic Pet – Bedford, NH – DAI has broken ground for a new office, manufacturing, warehouse facility of approximately 25,000 s/f for Wholistic Pet. Design was provided by Bernard Martel Architecture Inc. Anticipated completion is late spring 2024.
DeStefano & Associates, Inc. provides planning, design and construction services for new, expansion and renovation projects in Maine, New Hampshire and Massachusetts.
As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.
The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units.