Mainebiz

Fact Book: Doing Business in Maine 2024

Issue link: https://nebusinessmedia.uberflip.com/i/1525485

Contents of this Issue

Navigation

Page 19 of 91

V O L . X X X N O. X I X 20 Fact Book / Doing Business in Maine Q UA L I T Y O F L I F E D EW Construction Corp., with offices in Manchester and Keene, N.H., and Williston, Vt., opened an office in Portland as it expands operations into Maine. DEW leased 3,500 square feet of office space on the fourth floor of 2 Market St. in the Old Port neighborhood. "We're excited about expanding our services into Portland," says Taylor Woodward, the company's president. Maine opportunity Established in 1997, DEW provides construction management, design/build and general contracting services for projects of all sizes. It started in Williston, Vt., near Burlington. About 12 years ago, the company acquired a similar firm in Keene, N.H., where it served southwest New Hampshire, southern Vermont and northern Massachusetts. A few years later, DEW opened an office in Manchester, N.H., to service the seacoast region. rough conversations with the Maine-based development community, DEW determined there was an opportunity to expand its presence into Maine, said Woodward. at was borne out by contracts in southern and western Maine. In 2021, DEW completed a project at the Embassy Suites Hotel in Portland, where the com- pany renovated five floors of 124 existing guest room suites and corridors. In 2022, DEW completed an 11,880-square-foot renovation to the hotel's ground level while it was still operating. Since early 2022, DEW has been working on various projects at the Grand Summit Hotel and the Jordan Hotel at the Sunday River ski resort. e focus is to update the facilities and public spaces at these hotels. DEW is currently working on the Jordan Hotel renova- tions, which is expected to be completed this spring. A recently completed project, for Boston developer Jones Street Residential Inc., is Seacoast Residences at 41 Seacoast Terrace in Kittery, involving the construc- tion of a major apartment complex with 282 market- rate units across four 4-story apartment buildings, vis- ible from I-95 and not far from the Piscataqua River. $200M in revenue Cohen Properties selected DEW Construction as its construction manager for a new commercial and office building at 70 ames St. in Portland. e building will consist of three stories with a total area of approximately 65,000 square feet. e project was expected to start this summer. e building will pri- marily offer Class A office space. With a growing suite of Maine-based projects and more Maine-based employees, it made sense to open a Maine office, says Woodward. DEW has about 130 employees overall, and at any given time, the company has about 30 projects under- way, primarily in Vermont and New Hampshire, with a growing number in Maine, and northern Massachusetts. Revenue growth trends put the company at around $200 million for annual volume. Woodward says he expects to do more hiring for the Maine market, and adds, "but in a careful way that does not compromise the company's culture." Matt Wheaton, left, and Taylor Woodward outside 2 Market St., with the DEW sign behind them. P H O T O / T I M G R E E N WAY VT construction firm, bullish on southern Maine market, opens Portland office B y L a u r i e S c h r e i b e r

Articles in this issue

Archives of this issue

view archives of Mainebiz - Fact Book: Doing Business in Maine 2024