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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 10 B U I L D I N G B U S I N E S S On Time. In Full. In Every Way. IT'S IN OUR ROOTS. 2026_0128_MeBiz_RELEASE.indd 1 2026_0128_MeBiz_RELEASE.indd 1 1/30/26 2:39 PM 1/30/26 2:39 PM Rare condo project in Falmouth aims to provide homes to 'workforce' earners B Y T I N A F I S C H E R A development has broken ground on Marshall Drive in Falmouth that will offer 48 two-bedroom condominiums at prices ranging from $378,000 to $425,000. Each unit will be 1,110 square feet and will have a one-car garage. The Scittery Woods development team is made up of Portland-based Boulos Co. broker John Finegan, Port City Architecture owner and principal architect Andrew Hyland and Mike Manning, founder of Windham-based MGM Builders. The team won a competitive bid to build workforce housing for Falmouth and purchased the 25-acre parcel from the town for $500,000. Financing from MaineHousing's Affordable Home Ownership provided a $1.5 million loan with 0% interest, but stipulates that 20 of the units must be sold at $378,000 to eligible buyers — and the loan will be forgiven upon the sale of those townhomes. Units will be offered to households making no more than 120% of the area median income. The 120% AMI deed restriction lasts for 15 years, so any units resold carry the same requirements for that period. The other 28 units priced at $425,000 will have a five-year deed restriction, meaning that after that owners can then sell at market value. "This is a huge benefit to the buyers as it allows them to participate in the home equity market," Finegan said. CONSTRUCTION NEWS FROM AROUND THE STATE f Portland developer GreenMars will build an affordable condominium proj- ect at 1877 Congress St. in the city. Stroudwater Commons will consist of 130 homes and 26 attached acces- sory dwelling units that homeowners can purchase as rental units. All of the units will be modular-built to speed construction time and optimize energy efficiency. Half will be priced to accom- modate buyers who earn between 80% and 100% of the area median income. f The first phase of the Residences at Bethel Station is underway and lead developer Tony Donovan said he expects 38 units to be ready for the 2026-27 ski season. The condominiums are being built on a 7.5-acre site at 23 Cross St., part of a 40-acre mixed-use develop- ment. The project team includes Coastal Construction Par tners, of Stoughton, Mass.; DeStefano & Associates, of Portsmouth, N.H.; and THA Architects, of Stratham, N.H. f Developers Collaborative and Barrett Made Construction, both based in Portland, are renovating a former fire station in downtown Brunswick into a brewpub for Moderation Brewing, with five affordable studio apartments on the second floor, for tenants who earn 60% or less of the area median income. An outdoor beer garden is planned, and the basement of the building will house a community kitchen. The project is expected to be finished by the end of March. R E N D E R I N G / C O U R T E S Y O F S C I T T E R Y WO O D S PA R T N E R S L L C R E N D E R I N G / C O U R T E S Y G R E E N M A R S GreenMars will build a 130-unit affordable condominium complex on outer Congress Street in Portland. A rendering of the 48-unit Scittery Woods condominium development, underway in Falmouth.

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