Stratham, NH Jewett Construction Company, Inc. has completed an extensive design-build renovation of the Exeter Subaru dealership at 37 Portsmouth Ave.
This challenging, 17,500 s/f renovation – which includes a 7,200 s/f addition for a showroom, office and service area – was designed to incorporate the town of Stratham’s stringent Gateway Zoning requirements. Aesthetic features added to lend the facility a more residential appearance include clapboard siding and asphalt shingles, gabled roof lines with dormers, and a cupola.
Design of the facility also included the use of such environmentally friendly products as energy-efficient LED lighting throughout, as well as a specialized porous exterior pavement whose sublayers allow for slow filtration to the water table – thereby minimizing storm water runoff into the wetlands. All renovations were phased to ensure the fully operating facility experienced no disruption in its day-to-day business.
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.