News: Northern New England

The Cape Arundel Cottage Preserve completes phase I of $70 million project

Cape Arundel  - Arundel, ME Cape Arundel - Arundel, ME

Arundel, ME The Cape Arundel Cottage Preserve has completed the first phase of its $70 million seasonal residential development project, welcoming its first residents to this quiet side of Kennebunkport. Among the 30 new two-bedroom cottages now open as part of phase one, Cape Arundel has also completed an approximately 6,000 s/f community center and clubhouse, which offers recreation and entertainment amenities designed to meet the needs of vacationing families and guests. Named after some of Maine’s historic seaside communities and natural artifacts,  Casco, Birch, Saco and Acadia, four inviting layouts await residents of Cape Arundel, each surrounded by Maine’s woods and seacoast, and offering coastal living at its best with cottage-style architecture that incorporates clapboard/shingle-style house plans reminiscent of the historic New England coast.  

“We are excited to welcome our first homeowners to Cape Arundel,” said Joe Paolini, developer and managing partner of Cape Arundel Cottage Preserve. “It’s been a labor of love since we first put our shovels in the ground in 2015. We’ve come a long way and experienced great enthusiasm from our neighbors for this opening day of the season. Our owners will love the the relaxation that comes with coastal living at Cape Arundel, not to mention the easy access to the Kennebunks, southern Maine beaches and downtown Portland.”

 Once fully complete in 2018, Cape Arundel will feature 259 seasonal cottages on 300 acres.  Paolini, in collaberation with Sousa Design Architects of Brookline, Mass., designed the eight-month (May-December) cottages of Cape Arundel,

“Our residents will find that Cape Arundel is the perfect place to relax and unwind for the season,” said Kim White, director of sales & marketing for Cape Arundel Cottage Preserve.

For more information visit www.capearundelcottages.com.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Ask the Electrician:  How do I prepare my commercial building for a disaster?

Ask the Electrician: How do I prepare my commercial building for a disaster?

New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary