Issue link: https://nebusinessmedia.uberflip.com/i/1543067
V O L . X X X I I N O. I I I F E B R UA R Y 9 , 2 0 2 6 20 C O M M E R C I A L D E V E L O P M E N T F O C U S "We specialize in Class A commu- nities," says Cam Reber, vice president of operations. "In this area, we found there was s lack of housing and also a significant lack of quality housing. We saw an excellent opportunity to come in and provide that for residents in Auburn and Lewiston." Amenities included 24/7 emergency maintenance, fitness center, package locker system, elevators and cable and Internet package. One-bedrooms aver- age $1,850 and twos $2,400. A.R. Building is also developing Nonesuch River Apartments, a 120- unit complex of 10 buildings at the corner of Mussey and Gorham roads in Scarborough, with similar ameni- ties plus a clubhouse but minus the elevators. Two buildings and the clubhouse are operational. "is is a phased project," says Reber. "We plan to open more buildings in the late spring." Rents range from $2,200 to $2,850. e design fosters a "small com- munity" feel, he adds. Both are positioned as luxury devel- opments at market rates. "e way leasing is going, this seems like a home run," Reber says. » C O N T I N U E D F RO M P R E V I O U S PA G E Building your business? Talk to your neighbor. Since 1852, Bath Savings has been investing in the people, communities, and businesses that make Maine the place we're proud to call home. Our lenders are your neighbors — they shop in your downtown, coach your kids, volunteer in your community, and understand your local economy. Contact us today to learn more about custom lending solutions tailored to suit your needs. 1-800-447-4559 | bathsavings.bank MEMBER FDIC EQUAL HOUSING LENDER Kevin Ward Owner, Coastal Creamery James Perkolidis Vice President, Bath Savings A.R. Building is developing Nonesuch River Apartments, a 120-unit complex in Scarborough, as a phased project. A.R. Building Co. is developing Mount Auburn Apartments, a 101-unit, market-rate complex in Auburn. One building opened last summer and is over halfway leased. P H O T O S / C O U R T E S Y A . R . B U I L D I N G C O. P H O T O S / C O U R T E S Y A . R . B U I L D I N G C O.