News: Northern New England
Posted: May 3, 2012
Wright-Ryan Construction completes renovation of former Healey Asylum into 32 affordable elderly apartments
Wright-Ryan Construction and mayor Robert MacDonald attended the ribbon cutting for the completion of 32 affordable elderly apartment units at 81 Ash St.
The project incorporated the rehabilitation of an historic landmark building, the Healey Asylum, an orphanage for boys built in 1893. The building has been listed on the National Register of Historic Places since 1979.
Wright-Ryan utilized their extensive historic rehabilitation experience to preserve important architectural details throughout the building. Federal and state historic renovation guidelines were followed, while upgrading for modern amenities and handicapped necessities. Wright-Ryan partnered with Winton Scott Architects and the Lewiston Housing Authority on the renovation and re-use project.
Amenities include two community rooms, laundry, a new patio and outdoor seating area, an accessible parking lot, landscaping and a park with views of the Basilica of Saint Peter & Paul.
Tags:
Northern New England
MORE FROM Northern New England
Northern New England
PROCON and Hitchiner break ground on 57,000 s/f shared services operations facility
Milford, NH Hitchiner, in partnership with PROCON’s integrated design and construction team, has officially broken ground on a new 57,000 s/f shared services operations facility at its Elm St. campus. This building will house value-added services used across Hitchiner’s various business units,
Columns and Thought Leadership
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.
Residential is here to untie the office space doom loop - by Thomas House
The glut of unused (and to the owners, undervalued) office space because of the advent of work from home is in the process of becoming homes themselves. Though this is an officially supported trend in Boston and other northeast locations, the conversion
Interest rates and inflation - by Matthew Bacon
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 Greater Portland industrial mid-year market update - by Nate Roop
The industrial market in Maine remains robust, characterized by historically low vacancy rates. As of early 2024, the vacancy rate across the state is below 2%, indicating a continued imbalance between supply and demand. This tight market environment has kept lease rates strong, with many landlords in a favorable position. Asking rates are trending around $10.50 per s/f for