Drake Petroleum Company, Inc. of North Grosvenordale, Conn. opened its newest Xtramart convenience store location at 1 Whitney Rd. The Xtramart property occupies a two acre portion of the larger Concord Crossing II development, a mixed-use project planned by Interchange Development LLC at the Interstate 93 Exit 17 interchange with Rte. 4. The new Xtramart store and Deli Joe's deli is a 3,710 s/f retail facility with six tandem gas islands in front of the store, an overhead canopy and a separate two position diesel fueling area with canopy. A new Dunkin' Donuts with drive-through is located within the facility. It is expected the neighborhood and the commuting public will find this new location very suitable for their convenience, gasoline, diesel, coffee and donut shop needs. This new Xtramart store, gas and diesel businesses will be open 24 hours a day, 7 days a week while the Deli Joe's will be open from 9 a.m. to 6:30 p.m. The Dunkin' Donuts will be open from 6 a.m. to 10 p.m. every day. This new Xtramart facility is expected to employ upwards of 25 full and part-time employees including the Dunkin' Donuts. The grand opening for this new Xtramart will be between February 6 through February 16.
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.