Hanover, NH North Branch Construction has completed renovations of Andres Hall at Dartmouth College. The full gut renovation of the residence hall included floor replacement, new interior walls, window replacement, insulation, full mechanical, electrical, and plumbing updates, the addition of an elevator, and an infrastructure for a solar domestic hot water system. The renovation, built to achieve U.S. Green Building Council LEED Silver status, will allow for an additional 12 bed units, totaling 95 beds. In addition, new study spaces and community gathering spaces were added to the 30,000 s/f floor plan.
“North Branch Construction is pleased to complete this important project for the Dartmouth College community,” said Joseph Campbell, president of North Branch Construction. “It is very rewarding to see the positive impact these renovations have had on the students of Dartmouth College and the Hanover community as well.”
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.