Nashua, NH South Coast Improvement Company, a design-build general contractor, began a new build, out-of-ground construction project at Benchmark Senior Living at Nashua Crossings, at 674 West Hollis St.
South Coast Improvement Co. began the $4 million construction of a two-story addition in November 2021 and will complete work in fall 2022.
“Benchmark is a repeat client of ours for whom we’ve done renovation work at other Benchmark facilities,” said Henry Quinlan, president of South Coast Improvement. “While occupied space renovations at senior livings is our specialty, we’re excited to show our capabilities on this new construction, out-of-ground project—as always, with minimal disruption to Benchmark’s daily operations.”
The new, two-story addition will feature 14 units, associated common space and a basement. The project includes: 12 one- and two-bedroom suites (one unit designed for the hearing-impaired); connecting new addition to existing building; a new bistro and bistro bar; new activity room; new mechanical-electrical-plumbing (including ERV units), and exterior work and additions, including landscaping and fire pit on a new brick patio.
Benchmark Senior Living at Nashua Crossings is an assisted living community that also offers mind and memory care, as well as respite care.
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.