Industry leaders gathered in Portland on May 7 to attend the Maine Real Estate & Development Association’s (MEREDA’s) Annual Spring Conference to discuss solutions and challenges in the future of housing in Maine.   As part of the Conference, MEREDA released its 13th edition of the MEREDA Index, a key economic indicator for the state of Maine. With increased construction costs impacting projects statewide, there are many questions as to how the real estate market will be affected.  While the Index showed a slight 2% ebb primarily because of declines in the commercial market, Index commentators see vibrant, active markets with plenty of opportunities in the future.

Projects from Portland to Boothbay Harbor to Augusta received special recognition at MEREDA’s 2019 annual Spring Conference in Portland on May 7th.

The exemplary projects from across the state, completed in 2018, not only embody MEREDA’s belief in responsible real estate development, but also exemplify best practices in the industry, contributing to Maine’s economic growth by significant investment of resources and job creation statewide.

Each of the six projects was selected in part based upon criteria including: noteworthy and significant project completed* in 2018 (*Building Occupancy Permit must be issued by 12 31 18.), environmental sustainability, economic impact, energy efficiency, social impact, uniqueness, difficulty of development and job creation.