Gilford, NH DeStefano & Associates, Inc. (DAI) has started the construction of a new ground up Service Credit Union Bank. Colwell Group is the architect. Completion is expected this summer.
And in Sanford, DAI has started the renovation of a former bank building at Sanford Plaza into a new Starbucks. DAI will also be renovating existing space for a new Ollies and Harbor Freight space in the plaza.
Construction is expected to be completed in September. TAC Architectural is providing design services.
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.
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.