Manchester, NH Liz Hitchcock, owner of The Factory on Willow, and her project team received a Merit Award of Excellence from PLAN NH in recognition of having positively impacted the surrounding community through good planning, design, and development.
“Eckman is proud to have served as the construction manager on the Factory on Willow project,” said Preston Hunter, vice president of Eckman Construction, “Restoring this former mill building was a true team effort. The beautiful character of this historic structure shines through in every space.”
The adaptive reuse project involved 90,000 s/f of renovations to the 118-year-old McElwain Shoe Factory, repositioning the property as a mixed-use art community. The four-story mill building now features 76 live-work apartments and micro-hotel units, commercial/retail tenant spaces, event space, and generous outdoor areas.
Eckman Construction served as construction manager, with design by Market Square Architects, civil engineering by Fuss & O’Neill, structural engineering by TFMoran, and environmental testing provided by GZA Environmental.
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.