Mainebiz

V O L . X X I I I N O. I I JA N UA R Y 2 3 , 2 0 1 7 10 B U S I N E S S M A I N E B U S I N E S S M A I N E B U S I N E S S N E W S F RO M A RO U N D T H E S TAT E An $18M redevelopment planned for Eastport cannery B y P e t e r V a n A l l e n E A S T P O R T — A Kansas City developer will partner with an Eastport group to redevelop the waterfront American Can Co. factory. Arnold Development Group of Kansas City and Dirigamus LLC plan to turn the building into a mixed-use site, with retail and offi ce space, 16 residential units and an 26-room hotel. It will be known as 15 Sea Street. It's estimated the redevelopment will cost $18 million. The building dates to 1908 and was where the Continental Brand of sardines were packed into their distinctive roll key- opening cans. The site became known as the American Can Building, though the building outlasted the city's sardine industry, which started its decline in the 1950s. By 2004, the building was nearly vacant. Dirigamus purchased the dormant building in 2005. Dirigamus, Latin for "We lead," is led by three partners: Meg McGarvey, Linda Godfrey and Nancy Asante. Their intention was to "create spaces and places which will honor our fi shing his- tory, showcase local creativity and share nature's abundance in and around Passamaquoddy Bay." Arnold Development Group, which is led by Jonathan Arnold, redeveloped the Mayo Mill in Dover-Foxcroft. Arnold told the Quoddy Tides he was drawn to Eastport's "sense of place, the history, the walkability, the main street and the urban vibrancy." "He's a strong visionary," Godfrey, one of the Dirigamus partners, told Mainebiz. Godfrey said that Arnold grew interested in Eastport after being part of a GrowSmart Maine summit in which then-City Manager John Sutherland and Hugh French of the Tides Institute & Museum of Art talked about Eastport's efforts to redevelop. The concept architect is Peter MacKenzie of Comeau MacKenzie Architecture in Saint John, New Brunswick, which is an hour and 45 minutes from Eastport. 15 Sea Street is expected to open in June 2018. B R I E F An Eastport investor group and Kansas City-based Arnold Development Group will team up to redevelop the American Can Building, which has been vacant for a decade. The $18 million redevelopment will create retail and offi ce space, residential units and a boutique hotel. R E N D E R I N G / C O U R T E S Y O F C O M E A U M A C K E N Z I E A R C H I T E C T U R E creation of a stable market channel for the 510 wild blueberry growers and processors here in Maine," said Nancy McBrady, executive director of the Wild Blueberry Commission of Maine. N O T E W O R T H Y M I D C O A S T & D O W N E A S T Grindstone Financial Group LLC, a group association of independent insurance agencies headquartered in Ellsworth, acquired ownership of BroGue Insurance & Financial Services in Bangor. Camden National Corp. announced an increase of its quarterly dividend by 3 cents, to 23 cents a share. The dividend is payable on Jan. 31, 2017, for shareholders of record on Jan. 17, 2017. The First Bancorp, parent com- pany of First National Bank in Damariscotta, declared a quarterly dividend of 23 cents per share. This fourth-quarter dividend is payable Jan. 31, 2017, to shareholders of record as of Jan. 6, 2017, and is equal to the 23 cents per share the bank paid in the past two quarters. I s it possible for a professional services practice to connect authentically with new clients? Get Heard. (207) 619-7350 | broadreachpr.com Let's be serious. Your clients want connection, not just more content. Increasingly, studies show that consumers of professional services are losing patience with automated, hollow content and inherently distrust advertising. The right public relations partnership can help identify and connect with new, unknown and underserved audiences with a communications discipline rooted in serious transparency. As a leading provider of effective communications services for 10 years, Broadreach Public Relations delivers the right mix of innovation and experience to accelerate connections to your key audiences. For professional services clients of various sizes, we have: Positioned top executives as expert sources on trending technology topics. Created partnerships that opened new industry verticals. Increased visibility of key charitable campaigns. Call Broadreach Public Relations to learn how a proactive public relations strategy can help your practice connect with clients and your community, all while keeping an eye on the competition and raising your business's visibility.

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