Mainebiz

February 6, 2023

Issue link: https://nebusinessmedia.uberflip.com/i/1491489

Contents of this Issue

Navigation

Page 20 of 35

W W W. M A I N E B I Z . B I Z 21 F E B R UA R Y 6 , 2 0 2 3 F O C U S C O M M E R C I A L D E V E L O P M E N T Harvest and Rock Row. In our down- town, the Vertical Harvest project and parking garage is well underway with the goal of being completed around the end of 2023. is project has gen- erated a lot of interest in future devel- opment of both commercial and resi- dential opportunities for our down- town that we hope to see in the years ahead. At Rock Row, Orangetheory [Fitness] and Cowbell Burger are near completion, and construction is well underway for the world-class New England Cancer Center and associ- ated parking garage. We anticipate construction of residential units and more commercial projects at Rock Row around the end of 2023." Bullish on Bangor retail Anne Krieg, Bangor Office of Economic and Community Development, director "We saw decent holiday spending this holiday season and, anecdotally, I have heard a slight drop in January. is drop is typical of post-holiday spending. ere is some uncertainty in spending right now due to national concerns of the economy; however, what we have seen are strengths in two areas of retail. e first is [that] experiential shopping is back. People were happy to get out and shop in person again. ough COVID has not gone away, people are more com- fortable shopping together again in person. is is good news for down- towns like Bangor that offer outside pedestrian areas and dining and a diverse choice of independent retail options. e other strong retail area that remains healthy in Bangor is destination retail. Our large retail anchors as Target, Walmart, as well as the shopping centers appear to con- tinue to see good numbers. " OFFICES IN SOUTH PORTLAND, BRIDGTON, SANFORD/SPRINGVALE, AND BATH, MAINE Maine's CREATIVE ENGINEERING COLLECTIVE BRING US YOUR VISION When you engage our creative engineering collective, you'll immediately value how our innovation, collaboration, and expertise create solutions for your success. We are all shaping Maine, together. We ar 100% EMPLOYEE-OWNED 1-833-762-0313 We know how hard you work. Let us work hard for you. Maine Community Bank's willingness to be fl exible and creative sets them apart from the other banks. They are trustworthy and responsive, and helped us through the process. JONATHAN CULLEY REDFERN 45, LLC, PORTLAND " Maine Community " Maine Community " us through the process. " us through the process. mainecb.com C O N T I N U E D O N F O L L OW I N G PA G E ยป P H O T O / C O U R T E S Y O F A N N E K R I E G

Articles in this issue

Links on this page

Archives of this issue

view archives of Mainebiz - February 6, 2023