Portland, ME Portland Pottery has expanded at 49 Fox St.
Karen DiCenso and her business partner, Jennifer Martini, took over the business from Lisa Bonarrigo and Chris Bruni in January of 2023. In March 2024, they leased the 1,750 s/f space that was formerly Taproot Market, and then in April when the adjoining 1,850 s/f space became available, they expanded into that space.
The lease was brokered by Brice O’Connor of The Boulos Company, on behalf of both the tenant and the landlord, Neap Tide, LLC.
“The idea to expand was on a whim. I knew we had outgrown the studio and were stuck on how to grow students. Our parties have greatly increased this year and trying to squeeze them into classrooms at 118 Washington Ave without disrupting students has become difficult. After one particularly busy Sunday, I checked if any buildings were open in the area, and I was pleasantly surprised to see this space.”
When asked about the allure of the new location, DiCenso said, “First, the space is so pretty and cute and is in the perfect spot at the bottom of the hill between the studio at 118 Washington Ave. and the supply store at 220 Anderson St. I walk up and down the hill to each location, and it is great!”
The new space will primarily serve as a classroom and party space, accommodating the growing demand for pottery classes and events. The new space is situated on the corner of Fox and Anderson St. in the East Bayside neighborhood.
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.