Auburn, ME Mechanics Savings Bank came to Harriman Architects + Engineers seeking a redevelopment of their branch bank and executive offices at their Minot Ave. location. Extensive research and concept planning was done to choose a site for the new branch bank that would better fulfill the needs of their clients and renovation of the existing office building. Harriman worked closely with Mechanics Savings Bank to develop a campus plan which connects the two buildings through site design, landscaping, and a pedestrian walkway. The design was accomplished while working within the parameters of a narrow site, with an existing occupied building, adjacent to a high traffic urban area.
The design of the new retail branch bank responds to the site and modern needs banking. The new branch features office space, conference and presentation room, custom designed customer interaction zones, and incorporates many highly technical pieces of banking equipment and security. The interior of the building introduces a primary curved wall used as directional wayfinding for the clients to the customer service representatives. This curve is carried through to the exterior through a clearstory roof that provides natural daylight for all employees and visitors.
Exterior materials include a natural reclaimed stone sourced in New England and rapidly renewable bamboo rain screen. The mechanical system is a low energy variable refrigerant flow/volume system. The landscape uses low growing indigenous plants to accommodate security concerns. This project added 5,850s/f of pervious area and diverted approximately 2,100 cubic yards of soils from landfills. As a brownfield site this project exemplified the most sustainable design in reuse.
The office building on the campus which had previously housed the retail bank functions is currently undergoing a major renovation to complete the campus design. Through detailed and well planned phasing, Mechanics Savings Bank will be able to continually keep the retail function of the branch open to customers throughout construction of both buildings. The office building is designed to house executive offices, modern and updated meeting and presentation space, as well as private banking for clients.
The Mechanics Savings Bank campus creates a new focal point into the gateway of the city of Auburn and rejuvenates the surrounding area. Phase I is complete and Hebert Construction is currently working to complete Phase II.
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.