News: Northern New England

North Branch Construction erecting steel for new two-story 33,000 s/f Stonyfield Farm plant office

Steel erection for the new Stonyfield Farm plant office is well underway by construction manager, North Branch Construction, Inc. The new two-story, steel framed, 33,000 s/f building located on Burton Dr. will include metal siding and be built for sustainability. The environmentally friendly facility will feature daylight harvesting, sunshades, solar hot water panels, energy efficient lighting and lighting controls, and include cafeteria, locker room and office space. Construction began in early September with foundations underway in October. Structural steel erection began November 12th. The project will be completed in the summer of 2008. Architerra, Inc. of Boston provided the design for the new building. North Branch recently completed the fit-up of 25,000 s/f of office space for the new Stonyfield Farm corporate headquarters in Manchester. Stonyfield Farm, celebrating its 25th year, is the world's leading organic yogurt maker, and produces organic yogurt, smoothies, cultured soy, frozen yogurt, ice cream, and milk. The company advocates that healthy food can only come from a healthy planet. It was the nation's first dairy processor to pay farmers not to treat cows with the synthetic bovine growth hormone rBST. Stonyfield donates 10% of its profits to environmental causes; was America's first manufacturer to offset 100 percent of its CO2 emissions from its facility energy use; and recently installed the largest solar array in New Hampshire to help power its production plant -- all efforts to reduce global warming. In early 2008, in conjunction with their 50th anniversary, North Branch Const. (one of the largest construction firms in the State of New Hampshire) will be moving to their new corporate headquarters at 76 Old Turnpike Rd., Concord. In addition to the Stonyfield Farm project, North Branch's current projects include the new $6.9 million Londonderry Bus Terminal, Maintenance and Storage Buildings for the NHDOT Bureau of Public Works in Londonderry; 15,000 s/f, Exeter Hospital's Exeter Healthreach Dental Clinic in Exeter; and the $2.7 million Dartmouth College Burnham soccer field facility in Hanover. Recently completed projects include the $4.6 million Brown School Apartments in Manchester; $5.1 million Squamscott Block (housing/retail) in Exeter, and the new $1.4 million Mont Vernon Fire Station in Mont Vernon.
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Northern New England

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Maine multifamily outlook: Opportunities in Portland, Bangor, and Lewiston-Auburn - Blake Wright and Kristie Russell

Maine multifamily outlook: Opportunities in Portland, Bangor, and Lewiston-Auburn - Blake Wright and Kristie Russell

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. 

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