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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 22 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 "As the project is utilizing historic tax credits, it will have to comply with the rigorous historic preservation standards of the National Park Service, historic masonry will be repaired and historically accurate replacement windows will be installed," says Goodwin. Amenities will include a clubroom, patios, fitness center, pet wash, EV charging, bike storage, dog run and landscaping and site improvements. "In honor of the Jagger family's century-long commitment to Sanford, the project will be called Jagger Lofts," adds Goodwin. "A selection of materi- als and artifacts from the facility were collected and will be displayed." Preservation At Wenbelle Apartments in Bucksport, Gurnet Real Estate Group is updating units as they become available. e Boston and Portland real estate investment and management company, led by Collin van der Veen and Rylee Knox, acquired the 66-unit complex in an off-market deal in 2025. Its mission is to deploy capital into multifamily investments by creating high-quality, attainable living spaces, while generating risk-adjusted returns for investors. e four buildings, at 6, 12, 18 and 24 Wenbelle Drive, date back to the 1970s and 1980s. Wenbelle was originally built with financing through a U.S. Department of Agriculture program that sought to provide affordable rental housing in rural areas by providing developers with low-interest, long-term loans, says van der Veen. Gurnet acquired the property using a Federal National Mortgage Association "sponsor-dedicated workforce housing" program that offers advantageous loan terms to borrowers for affordable hous- ing preservation or creation. Says van der Veen, "e property was in pretty good shape when we bought it. As units have naturally turned over, we've done some renovations. It's been a really great market up there." Laurie Schreiber, Mainebiz senior writer, can be reached at lschreiber @ mainebiz.biz » C O N T I N U E D F RO M P R E V I O U S PA G E Construction You Can Count On pmconstruction.com ncormier@pmconstruction.com 207.282.7697 With a proven track record of managing complex developments, PMC continues to play a key role in shaping vibrant residential environments across the state. FEATURED PROJECT Latitude at South Portland — A modern apartment community featuring 250 units across four buildings. Forward Thinking • Innovative • Consistency You Can Count On D'arcy Main-Boyington Economic Development Director ecdev@brewermaine.gov 207-989-7500 W W W. B R E W E R M A I N E . G O V/ B I Z " From the very beginning, the City of Brewer welcomed us with open arms. Having a supportive, stable, and consistent local staff and government that creates an atmosphere that matches our company philosophy of 'It's all about the people' makes doing business in Brewer a pleasure." Pete Vigue Chairman of the Board, The Cianbro Companies It's been a really great market up there. — Collin van der Veen Gurnet Real Estate Group Chinburg Properties has a $21 million project underway to redevelop the century- old Jagger Mill in Springvale into 86 market-rate apartments. The Jagger Mill project includes complying with rigorous historic preservation standards of the National Park Service. P H O T O S / C O U R T E S Y C H I N B U R G P RO P E R T I E S

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