Mainebiz

February 5, 2024

Issue link: https://nebusinessmedia.uberflip.com/i/1515289

Contents of this Issue

Navigation

Page 8 of 31

W W W. M A I N E B I Z . B I Z 9 F E B R UA R Y 5 , 2 0 2 4 B U I L D I N G B U S I N E S S P ROV I D E D R E N D E R I N G / G R E E N M A R S R E A L E S TAT E GreenMars Real Estate — led by Nate Green and Chris Marshall — received Brunswick Planning Board approval for Wilbur's Woods, which will have 39 residences, all but one of which will fall under workforce housing or affordable housing guidelines. Looking ahead at several projects in the planning stages B y P e t e r V a n A l l e n a n d L a u r i e S c h r e i b e r With the traditional groundbreaking season approaching, here are three shovel-ready projects in the works. 1 In Brunswick, the team that plans to redevelop Portland's Time & Temperature building received approval for a housing complex that will include 39 residences, all but one of which will be designated as affordable housing. Wilbur's Woods will be led by GreenMars Real Estate, whose principals are Nate Green and Chris Marshall. The concept received Brunswick Planning Board approval. Wilbur's Woods, which will be on McKeen Street, will feature 21 three- bedroom homes available for sale and an 18-unit multifamily residence, with rental units. The actual street address has not yet been established; it will be on the 100 block of McKeen, Marshall told Mainebiz. The Wilbur's Woods team will be led by Green and Marshall, working with Nelson Property Services, Bath Savings Bank, Alexander Wiss of Keller Williams Realty and Shannon Richards, founder of Hay Runner. Last fall, GreenMars announced plans to take on the redevelopment of the Time & Temperature building, with apartments, retail and commercial space and a boutique hotel. Two years ago, GreenMars launched an effort to redevelop two former dorms at the old Nasson College in Sanford. 2 In Kitter y, the planning board approved a preliminar y site plan for the phased development of a hotel, apartment complex and com- mercial building at 283 U.S. Route 1. Construction permits are still needed. Portsmouth, N.H.-based Two Interna- tional Group, which in 2019 developed a Hampton Inn & Suites next door, will lead development. Plans call for redeveloping existing commercial retail facilities into a five- story, 107-unit housing complex build- ing to the rear of the site, a four-story, 119-room hotel along Route 1 and a 6,000-square-foot commercial building intended for a restaurant building at the corner of Route 1 and Wilson Road. Design will be led by Robert Harbeson, founder and partner at Market Square Architects in Portsmouth and Austin, Texas. 3 In Portland, the site of the former Denny's, at 1091 Congress St., will be redeveloped as a traffic circle, which will help improve traffic patterns at a busy confluence of Congress Street and Park Avenue — a V-shaped intersection near ramps for I-295. The Maine Department of Transpor- tation acquired the property, at 1091 Congress St., in October, paying $2.355 million. Joe Malone of Malone Commer- cial Brokers brokered the deal. The former Denny's structure will be torn down by the end of February, the DOT said. Construction on the roundabout is not expected to start until November 2026. PROUDLY PARTNERING TO BUILD MAINE'S COMMERCIAL SPACES MAIN ECO HOMES Queen's Head Pub FIELDING'S OIL & PROPANE Fielding's Commons Condominiums PENOBSCOT GENERAL CONTRACTORS Harrison Ridge Apartments LAJOIE BROTHERS, INC. Liberty Commons Apartments 2024_0124_MeBiz.indd 1 2024_0124_MeBiz.indd 1 1/23/24 9:35 AM 1/23/24 9:35 AM Projects are on the drawing board for Brunswick, Kittery and Portland.

Articles in this issue

Archives of this issue

view archives of Mainebiz - February 5, 2024