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W W W. M A I N E B I Z . B I Z 23 F E B R UA R Y 5 , 2 0 2 4 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 connected to the Penobscot eater opened and Chimera Coffee stayed open later. e mocktail scene is fun and is here to stay. People in Bangor, as part of a national trend, are looking for those 'third places' — places to meet friends to hang out, but as part of a pub- lic space. Even though drive-throughs are here to stay, it is notable that our two Starbucks under construction have relaxing seating areas planned. Last year, I said people want to be out shopping and this year, it's shopping and find- ing their 'third place,' where everyone knows your name." Historic downtowns back in vogue Kristina Cannon, president and CEO of Main Street Skowhegan "Maine's historic downtowns are making a come- back. As our rural communities continue revi- talization efforts — starting with local leaders and strategic vision — we expect to see more buy-in from developers and businesses who want to invest and support these." The outlook for commercial real estate and housing Jessica Estes, president of Boulos Co. Office market outlook: "e office market is still trying to find solid footing as companies deter- mine how much space they need post-pandemic. We'll continue to see creative office conversions which have taken the form of industrial, resi- dential and even storage space." Portland, ME | 207.773.7100 | dunhamgroup.com Facilitating a Win-Win Real Estate Deal It's not every day that you see a real estate transaction provide solutions for everyone. At The Dunham Group, our team of brokers is always looking to find creative paths that result in a win-win for clients. Jim Freeman, President of Pack Edge, first started working with Greg Hastings in 2007 to find land to build a factory for his fast-growing business. When Freeman needed to consolidate his three locations into one facility, Hastings was there to help. Northland, a commercial developer, was in a position to provide solutions for Pack Edge that also helped them meet their own strategic goals. CEO Josh Benthien had worked with TC Haffenreffer for years and was excited about the match up. Northland purchased one of Pack Edge's original facilities and also provided a built-to-suit lot for them to construct a new, customized facility. Our clients benefit from the combined resources of our team of brokers. Put our collaborative approach to work for you. Additional terms/fees may apply for some services. All applications subject to approval. When Bryon and Justin Tait of Casco Bay Steel were looking for a new bank, they talked to Bar Harbor Bank & Trust. We took the time to really understand their business, helped create additional borrowing availability, and provided tools to make the accounting operation run smoother—giving them the flexibility to grow and take on larger projects. To see this and other success stories, go to www.barharbor.bank/success-stories. Call 207-669-6811 today to connect with our Commercial Banking team. Member FDIC Equal Housing Lender Additional borrowing availability? www.barharbor.bank • 888-853-7100 Over 50 locations across northern New England We can make it happen. Together. They've given us the flexibility to grow and take on larger projects. '' '' — Justin Tait, Treasurer & CFO, Casco Bay Steel C O N T I N U E D O N F O L L OW I N G PA G E » F I L E P H O T O / F R E D F I E L D Maine's historic downtowns are making a comeback. — Kristina Cannon Main Street Skowhegan P ROV I D E D P H O T O