Issue link: https://nebusinessmedia.uberflip.com/i/1108603
V O L . X X V N O. I X A P R I L 2 9 , 2 0 1 9 52 25 R E A L E S TAT E community" that will include com- mercial and light industrial. Redevelopment: e remake of Brunswick Naval Air Force Base, which began in 2011, now has 120 business and has added nearly 2,000 jobs to the area. Development of nearly 400 units of former Navy housing, both for sale and rent, began last year. Commercial growth: Portland's peninsula has boomed, particularly on the waterfront. A four-block area of the previously under- developed eastern waterfront alone means more than 700,000 square feet of new or planned develop- ment, including the new WEX Inc. headquarters; the Covetrus headquarters; Shipyard Brewing's "brewtel" on Newbury Street; and mixed-use developments at 100 Fore St. and 58 Fore St. Urban centers: Formerly strug- gling downtowns — includ- ing those in Bangor, Augusta, Lewiston, Auburn, Biddeford, Waterville — are making a comeback with a mix of public and private investment. e new Opportunity Zone tax benefit is expected to spur even more. Mill redevelopment: Long- vacant mills, like the Pepperell complex in Biddeford and nearby Saco Island complex have been bought and redeveloped for both commercial and residential use. Residential real estate: Sales of existing homes, as well as median prices, have been on a steady rise beginning in 2011, and are at an all-time high. Maureen Milliken, Mainebiz senior editor, can be reached at mmilliken @ mainebiz.biz » C O N T I N U E D F RO M P R E V I O U S PA G E STATEWIDE Serving Maine and New England Since 1974. 207-725- 4304 P O U L I N C O N S T R U C T I O N M E . C O M C O N V E N I E N C E S T O R E S R E S TA U R A N T C O M M E R C I A L / P U B L I C R E TA I L K E N T U C K Y F R I E D C H I C K E N S P R I N G F I E L D , M A P H O T O / C O U R T E S Y B R U N S W I C K L A N D I N G H O M E S R E N D E R I N G / C O U R T E S Y O F C A L E B J O H N S O N S T U D I O R E N D E R I N G / G O O G L E M A P S The Downs in Scarborough will include an innovation park, housing and a town center. Pepperell Mill in Biddeford has been redeveloped for a mix of uses. Brunswick Landing Homes include 400 units that went on the market this year.