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full size factory of the future building UMO - photo is credited to the University of Maine

MEREDA’s Morning Menu – MEREDA Welcomes Dr. Habib Dagher, Executive Director, Advanced Structures and Composites Center, UMO

November 17, 2025

December 16, 2025 - 8:30 - 10:00 amBuffet Breakfast: 8:30-9:00 amProgram: 9:00-10:00 am Location: McGoldrick Career & Student Success Center35 Bedford Street, Portland, ME About the Event:Dr. Habib Dagher will provide ...

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Nominations Now Being Accepted for MEREDA’s 2025 Notable Project Awards

November 14, 2025

Each year, MEREDA identifies and recognizes the most noteworthy and significant Maine commercial development projects from the previous year, all of which embody MEREDA’s belief in responsible development. Nominations are ...

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Aerial view of Notable Project Receipient Nightingale & State Street Campus Redevelopment

The Right Equation for Responsible Development: Spotlight on Nightingale & State Street Campus Redevelopment (Portland)

November 4, 2025

MEREDA Recognizes its 2024 Notable Project Award Recipients - Each year, the Maine Real Estate & Development Association (MEREDA) recognizes some of the state’s most “noteworthy and significant” real estate ...

MEREDA Recognizes its 2024 Notable Project Award Recipients - Each year, the Maine Real Estate & Development Association (MEREDA) recognizes some of the state’s most “noteworthy and significant” real estate projects, completed in the previous year. The exemplary projects from across the state, completed in 2024, 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. This year, MEREDA honored projects from throughout the state, with each receiving special recognition at MEREDA’s 2025 “Notable Night” social celebration in May. In a multi-part series exclusive to the Maine Real Estate Insider, we’ll provide an up-close look at the most notable commercial development projects of the past year that are helping to fuel Maine’s economy in terms of investment and job creation. MEREDA is proud to recognize responsible development based upon criteria including environmental sustainability, economic impact, energy efficiency, difficulty of the development, uniqueness, social impact and job creation. Mainebiz also featured each of our Notable Project Recipients in their inaugural “Groundbreaking Maine” publication. Be sure to check it out! https://www.mainebiz.biz/special-edition/groundbreaking-maine-2025 MEREDA’s 2024 Top 9 recipients include: Firehouse Village, Firehouse Ventures & Avesta Housing (Scarborough) 99 Western Apartments, Mastway Development (Augusta) The Malone Family Tower, MaineHealth and Perkins&Will (Portland) Seaport Community Health Center, Penobscot Community Health Care (Belfast) Katahdin Woods and Waters National Monument: Tekαkαpimək Contact Station, Elliotsville Foundation (T3 R7 WELS) Vertical Harvest, Vertical Harvest Maine (Westbrook) Stacy M. Symbol Apartments, Westbrook Development Corporation (Westbrook) Nightingale & State Street Campus Redevelopment, NewHeight Group & Redfern Properties (Portland) Front Street Redevelopment, Portland Housing Authority (Portland) Please join us this week in celebrating Nightingale & State Street Campus Redevelopment. MEREDA: Describe the building and project. NewHeight Group & Redfern Properties: Redevelopment of the Mercy Hospital State Street campus into a high-density, mixed-income residential campus featuring 260 new apartments and 9 new homes, a self-storage facility, and several small retail spaces is an excellent example of smart growth. The project involved adaptive reuse of the historic hospital building, creation of outdoor public space in a shared woonerf, improvements to existing utility infrastructure, implementation of a Traffic Demand Management Plan to encourage and support alternative forms of transportation, and provision of a range of housing choice (market rate, affordable, and workforce), both for rent and for sale. In addition, the redevelopment transformed surface parking into housing, recreated the street wall along Winter Street, and stitched back together the neighborhood that had been divided when the hospital was built. MEREDA: What was the impetus for this project? NewHeight Group & Redfern Properties: 2Northern Light Mercy Hospital issued a Request for Proposals in July of 2018. NewHeight Group was invited to respond along with approximately 50 other firms. NHG submitted a proposal in November 2018 with development team members Community Housing of Maine and the Portland Housing Authority. In December of 2018, NHG was one of three teams invited to interview with the selection committee. In January 2019, NewHeight Group’s successful best and final proposal was selected. MEREDA: That sounds like quite a process. How long were you in the planning stages before construction started? NewHeight Group & Redfern Properties: In October of 2019 NewHeight Group executed the Purchase & Sale agreement with Northern Light Health. In December of that year, NewHeight Group entered into an agreement with Redfern Properties to complete the project as 50/50 partners. The acquisition was finalized in February of 2020 (just three weeks before Covid hit!), and the development team launched into rezoning the property, planning, permitting, extension of the period of significance for the existing National Register district, local historic approvals, Part 1 approval from the National Park Service, and hiring Zachau Construction as Construction Manager at-Risk. The project was granted full planning board approval in August of 2021. MEREDA: Tell us about the most challenging aspect of getting this project completed. NewHeight Group & Redfern Properties: This project had myriad challenges. Perhaps the largest was that Mercy Hospital, the primary building, was an operating hospital right up until construction start, so the development team was unable to do any exploratory demolition prior to construction start. The building was known to contain asbestos containing material (mostly pipe wrap), but exactly how much was unknown. The building’s low ceilings also presented significant design and coordination challenges. The project also included undergrounding of existing utilities to make room for three new buildings along Winter Street—an extraordinarily complicated undertaking in this location. MEREDA: Something unexpected you learned along the way was…. NewHeight Group & Redfern Properties: The development team was surprised to discover that what appeared to be original historic wooden columns buried in the walls were in fact made of concrete wrapped in a wooden veneer. While it is less surprising that many people feel a connection to the old hospital building – births, deaths, a long tenure as employee – the overwhelming number of people with a connection was a surprise. MEREDA: Now that it’s complete, what feature of the project do you think makes it the most notable? NewHeight Group & Redfern Properties: Perhaps the most notable element of this project is the woonerf, a Dutch term meaning “Street for Living” which describes a space shared by pedestrians, cyclists, and cars. The woonerf is interior to the block between the historic hospital building now known as the Nightingale, and the two new construction affordable apartment buildings developed by Community Housing of Maine in partnership with the Portland Housing Authority. The woonerf functions as a shared public outdoor space and binds the buildings into a campus. The flush condition of the woonerf, along with landscaping and seating, invites pedestrian use while also allowing for slow vehicle movement and parking.

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MEREDA’s Fall Conference outlines challenges and opportunities

October 28, 2025

Portland, Maine - MEREDA hosted its Fall Conference on October 23rd where nearly 300 real estate professionals gathered at USM’s Hannaford Hall. The focus of the half-day conference was to ...

Portland, Maine - MEREDA hosted its Fall Conference on October 23rd where nearly 300 real estate professionals gathered at USM’s Hannaford Hall. The focus of the half-day conference was to discuss the challenges faced when completing housing projects and to learn about innovative approaches to increasing the number of housing units completed. Housing creation is one of Maine’s most significant needs and MEREDA’s event provided an opportunity for industry professionals to hear different perspectives from local, regional, and national experts on this important and complex issue. “MEREDA is actively working on solutions at the State and local levels,” explained Shannon Richards, founder of Hay Runner and MEREDA’s volunteer president. “This conference is an opportunity for MEREDA members to hear firsthand from peers who are actively involved in the housing effort on a daily basis.” The conference opened with a keynote presentation from Dr. Christopher Herbert, Managing Director of the Harvard Joint Center for Housing Studies, who cautioned the audience to be prepared for some gloom and doom. As he explained, there’s no silver bullet for the housing crisis. Home affordability is an issue nationwide with no simple solution. And although the situation here is dire, Dr. Herbert assured the audience that housing isn’t as bad in Maine as it is in other parts of the country. And, he left the audience with the optimistic notion that there are innovative – and feasible -- solutions. The morning continued with a mid-year economic update from Kenneth J. Entenmann, Chief Investment Officer and Chief Economist, NBT Bank/NBT Wealth. Entenmann looked at the impact of tariffs, immigration, taxes and regulation on housing and the overall economy. He sees no sign of a deep dark recession and sees strength in the economy. However, he doesn’t see much that would improve affordability for first-time home buyers. Summing things up, Entenmann said, “Overall, things are less uncertain that a year ago. That doesn’t mean they are all better, but the market does like certainty.” Elizabeth Frazier, Partner at Pierce Atwood, moderated a discussion on municipal challenges faced not only by developers, but also by municipalities. Panelists included Vanessa L. Farr from Haley Ward, Hope Eye from Eastern Maine Development Corp., and Benjamin R.K. Breadmore from the Town of Holden. In that discussion it became clear that with municipal budgets stretched thin, code enforcement officers often carry additional responsibilities, and some ideas were presented to improve the consistency of code enforcement and expediency of permitting. Dr. Herbert returned to the stage to lead a discussion on innovative solutions. The panel included Rebecca Hatfield from Hancock Lumber, Kyle Barker from Primary Projects, and Chris Marshall from GreenMars. The group discussed the pros and cons of a wide variety of housing solutions ranging from modular and panelized construction to tiny homes, condos, single family homes, and co-housing ideas. To make these ideas workable solutions would require some changes both in terms of zoning and expectations of the marketplace. The consensus of the panel was that while not everything will work, it is worth trying new approaches to the development of housing units of all types. With our need for more housing becoming more dire every moment, having collaborative discussions and learning of other creative building solutions is essential for Maine’s future success. MEREDA remains committed to creating the opportunities for experts and novices from all walks of real estate to come together and work together on meaningful solutions that benefit all.

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Highlighting the Commercial Component of the 2023 MEREDA Index

July 18, 2023

On May 25, Stephen Nahley, Chief Operating Officer & General Counsel, East Brown Cow, was a commentator for the Maine Real Estate & Development Association’s (MEREDA’s) 2023 MEREDA Index. Stephen's ...

On May 25, Stephen Nahley, Chief Operating Officer & General Counsel, East Brown Cow, was a commentator for the Maine Real Estate & Development Association’s (MEREDA’s) 2023 MEREDA Index. Stephen's comments on the Commercial Sector follow Economist Charles Colgan’s analysis for 2022. The MEREDA Index is a measure of real estate activity designed to track changes in Maine’s real estate markets. The Index is a composite of nine seasonally adjusted measures reflecting both new development and transactions involving existing properties and it covers both the commercial and residential markets statewide. The most recent edition covers the year 2022 and provides commentary on the Commercial, Residential, and Construction sectors. The MEREDA Index for 2023 is 115.8 THE COMMERCIAL COMPONENT: 120.8 [Charles Colgan Analysis] "The components of the commercial Index all increased on an annual average basis compared with 2021, but all four components also ended the year below the end of year in 2021 calculated on a 4-quarter moving average basis. The index for the number of commercial real estate transactions reported in the Boulos database grew slightly on a year over year basis but the end of year index value was down 4.3%. Commercial square feet also declined in the latter part of the year, along with both the average sales price per square feet and the average lease rate." [Stephen Nahley, Chief Operating Officer & General Counsel, East Brown Cow] "In 2022, the commercial real estate industry in southern Maine experienced some exciting growth, particularly in Portland. As pandemic worries continued to ease, the region’s retail and dining sectors began to thrive once again, with new businesses opening throughout the city. As people recalibrated post-COVID and prioritized living in walkable communities with increased access to amenities, it translated into the trend of moving back into densely urban areas. East Brown Cow similarly recalibrated our portfolio in 2022 to gradually shift away from management of suburban spaces to reinvest capital into the urban fabric of Portland’s ever-vibrant downtown. Although online shopping and a lack of labor pose risks for retail, recent lease transactions demonstrate the true strength of the local market. For example, East Brown Cow welcomed Madewell, a popular national retailer, to our property at 75 Market Street in November of 2022. Overlooking Post Office Park at the corner of Market and Middle Streets, this 5,532 square foot space is the company’s first store in northern New England. This transaction represented years of progress to curate Portland’s Old Port into a unique retail shopping destination, one that is successful for national retailers and independent businesses alike. For our team, this is the key for continued commercial growth. Portland also experienced an increased interest in mixed-use spaces, another interesting trend. Visitors and residents are searching for amenity-rich spaces and developers sought to capitalize on the demand. At East Brown Cow, we saw this as an opportunity to expand our offerings at The Docent’s Collection, an alternative to traditional hotels that provides temporary luxury lodging within historic, mixed-use buildings in Portland’s Old Port. These properties combine retail or dining spaces on the ground floor with hospitality stays on the upper floors, providing a unique urban living experience. The success of this type of project can partly be attributed to downtown Portland’s growth in the commercial sector, as new dining and retail businesses look to leverage the increase in visitors to the Old Port. Looking ahead, we remain optimistic about investment opportunities in urban, walkable areas across Maine. For example, in Portland our multimillion-dollar renovation of the Fore Street Garage continued in 2022, along with a project to repurpose One Canal Plaza’s first and ground floors into retail space. These projects are another sign of the strength of the area’s retail market, and we anticipate that the demand will continue to rise in the coming years."

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Maine Real Estate & Development Association (MEREDA) Appoints New Vice President

July 18, 2023

PORTLAND, Maine (July 18, 2023) The Maine Real Estate & Development Association (MEREDA) is pleased to announce the appointment of Jason Favreau, Principal at BerryDunn to Vice President for 2023 ...

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Listen Up! The July 2023 Episode of the “MEREDA Matters” Podcast is Now Available!

July 11, 2023

A Conversation with Sonja Trauss, YIMBY Activist and Responsible Housing Advocate Sonja Trauss, Executive Director of Yes in My Back Yard (YIMBY), sits down with MEREDA Vice President Shannon Richards ...

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The Right Equation for Responsible Development: Spotlight on Lincoln Hotel & Lofts (Biddeford)

June 20, 2023

Each year, the Maine Real Estate & Development Association (MEREDA) recognizes some of the state’s most “noteworthy and significant” real estate projects, completed in the previous year. The exemplary projects from across the state, completed in 2022, 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. This year, MEREDA honored projects from Lewiston to Portland to Biddeford, with each receiving special recognition at MEREDA’s 2023 Spring Conference on May 25th. In a multi-part series exclusive to the Maine Real Estate Insider, we’ll provide an up-close look at the most notable commercial development projects of the past year that are helping to fuel Maine’s economy in terms of investment and job creation. MEREDA is proud to recognize responsible development based upon criteria including environmental sustainability, economic impact, energy efficiency, difficulty of the development, uniqueness, social impact and job creation. MEREDA's 2022 Top 7 recipients include: Lincoln Hotel & Lofts, LHL Holdings and Chinburg Properties (Biddeford) Gauvreau Place, Community Concepts Inc. and Avesta Housing (Lewiston) Shipyard Brewing Redevelopment, Bateman Partners, LLC (Portland) Reconstruction & Reuse of Historic Building 12, Portland Foreside Development Company (Portland) L.L.Bean Corporate Headquarters, Zachau Construction (Freeport) Freedom Place at 66 State Street, Developers Collaborative (Portland) VA Outpatient Clinic, J.B. Brown & Sons and FD Stonewater (Portland) Please join us this week in celebrating Lincoln Hotel & Lofts. MEREDA: Describe the building and project. Lincoln Hotel & Lofts: The Lincoln Lofts and Hotel project began with a vision many years before its completion to turn the historic textile mill in downtown Biddeford into a vibrant mixed-use property including a luxurious boutique hotel and 147 apartments, with a gym, rooftop pool and restaurant. The massive mill building has seen many commercial uses over the years dating back to the 1830’s when giant turbines first began converting water flow from the Saco River into the power needed for the looms to weave cotton into fabrics. The Hotel occupies the northern 40,000 square feet of the mill while the remaining 230,000 square feet are comprised of various commercial tenants and 147 apartments with common areas and resident amenities throughout. MEREDA: What was the impetus for this project? Lincoln Hotel & Lofts: This project was driven by the spirit of revitalization and the goal to create a unique guest experience for travelers while giving the local community a fun place to gather for great food and beverages in the heart of Biddeford. MEREDA: That sounds like quite a process. How long were you in the planning stages before construction started? Lincoln Hotel & Lofts: Tim Harrington acquired the Mill in January 2015 and began efforts to plan the adaptive re-use of the mill. Eric Chinburg and the Chinburg Properties team became involved in the summer of 2017. We began construction in earnest in March 2020 with the first phase of apartments occupied in August 2021. MEREDA: Tell us about the most challenging aspect of getting this project completed. Lincoln Hotel & Lofts: Working on a 200-year-old mill building always presents unique challenges for any project, such as structural repairs and substantial amounts of brick restoration but bringing a mill to the level of luxury desired for the hotel here certainly raised the bar on renovation efforts. From flooring to light fixtures and a grand staircase in the middle of the hotel lobby, meticulous details added to the schedule every step of the way but in the end created an amazing finished product. MEREDA: Something unexpected you learned along the way was…. Lincoln Hotel & Lofts: Have patience and expect the unexpected on every historic restoration project and you’ll never be caught off guard. MEREDA: Now that it’s complete, what feature of the project do you think makes it the most notable? Lincoln Hotel & Lofts: We believe the rooftop swimming pool is the most notable feature of this project and adds a special flare to this historic mill that surprises most for Biddeford Maine.

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Building Solutions: MEREDA Spring Conference Tackles Housing Crisis

June 6, 2023

PORTLAND, Maine - On Thursday, May 25th, the Maine Real Estate & Development Association (MEREDA) hosted its annual Spring Conference where some 300 real estate professionals gathered at the Holiday ...

PORTLAND, Maine - On Thursday, May 25th, the Maine Real Estate & Development Association (MEREDA) hosted its annual Spring Conference where some 300 real estate professionals gathered at the Holiday Inn By the Bay, as well as virtually, to discuss solutions to Maine’s housing crisis. A complex issue rife with challenges such as low housing inventory, rising construction costs, labor shortages, inflation, and a possible economic recession on the horizon, the MEREDA event provided an opportunity for industry professionals to come together to learn from both local, regional, and national experts with a range of perspectives and insights. “Housing is perhaps the most important topic for our state and our industry. We need more housing; more affordable housing, more workforce housing, more multi-families, more single-families…more everything,” said MEREDA President Craig Young. “It impacts our economy and it impacts the well-being of Mainers in every community. You simply cannot discuss development without discussing solutions for Maine’s housing crisis. To tackle important issues like this, we need to create opportunities to foster discussions with people who have different ideas and opinions. Let’s talk with each other and learn from each other and work with each other.” With the goal of learning from different perspectives, the event kicked off with Keynote Speaker Sonja Trauss, the Executive Director of YIMBY Law, a national organization with the mission of ending the housing shortage and achieving affordable, sustainable, and equitable housing for all. YIMBY, or “Yes in My Back Yard,” was founded in San Francisco and now has 43 chapters in 19 states. Trauss is known for her relentless pursuit of affordable housing solutions and her innovative approach to addressing the nation’s housing crisis. She outlined YIMBY’s methods for organizing and fighting for housing solutions in communities, stressing how communities need people to speak up for housing and participate in local politics. “We need regular people speaking up for housing. If we don’t organize, only NIMBY shows up.” Trauss went on to discuss some of the policies that support abundant housing for communities, such as legalizing Accessory Dwelling Units (ADUs) and streamlining permitting. Trauss’s national perspective was followed by a presentation on the macro-economic forces impacting housing by Kenneth J. Entenmann, the Chief Investment Officer and Chief Economist at NBT Bank. Situating the housing crisis within the classic economic equation of supply and demand, Entenmann's discussion ranged from the definition of a recession to interest rates, and from the banking crisis to his concerns on the commodity market. Next, Elizabeth Frazier of Pierce Atwood, provided an update on the state-wide policies that are supporting housing creation and the current list of priorities for the state’s Housing Committee. After a recognition of MEREDA’s 2022 Notable Project recipients and the reveal of the MEREDA Index, a key economic indicator for Maine, the conference concluded with a panel discussion featuring Nathan Szanton of The Szanton Company, Daniel Stevenson of the City of Westbrook, along with Keynote presenters Sonja Trauss and Kenneth Entenmann. The panel was moderated by Shannon Richards, Founder of Hay Runner and a MEREDA Vice President, as well as John Finegan, an Associate Broker at The Boulos Company. The dynamic discussion highlighted the wide range of intersecting issues at play when discussing housing solutions. Szanton provided insight into the complex way affordable housing projects are funded, while Stevenson discussed the success the City of Westbrook has had in facilitating and promoting housing creation, sharing several recent projects. The panel went on to discuss the dynamics affecting housing prices, the demographics of housing buyers, and the impact from the lack of young people entering the trades for a career. A question on whether Inclusionary Zoning (IZ) was an effective way to make housing more affordable, led to a discussion of some of the unintended consequences of it, such as how there have been no new housing projects over ten units since Portland’s IZ ordinance was passed. Trauss gave a helpful analogy, saying, “You’re taxing new housing. We tax things we don’t want, like cigarettes. You’re taxing density.” The panel all agreed that the ordinance was having the opposite effect of its intention. MEREDA’s Spring Conference brought together people from across industries and experts from across the country to tackle Maine’s Housing crisis and propose solutions. While some specifics were debated, at the end of the day everyone agreed that Maine simply needs more housing, and that any kind of new housing development will help lower the cost of housing.

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Listen Up! The June 2023 Episode of the “MEREDA Matters” Podcast is Now Available!

June 6, 2023

A Conversation with Deirdre Wadsworth, President of Hardypond Construction Deirdre Wadsworth, President of Hardypond Construction, sits down with MEREDA Vice President Shannon Richards and MEREDA President Craig Young for the ...

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MEREDA’s Morning Menu – Why Not Solar? A Landowner’s Perspective

June 1, 2023

In Person. Pre-Registration Required. Where: Holiday Inn By the Bay 88 Spring Street Portland, ME When: Thursday June 8, 2023 Time: Breakfast: 7:30 – 8:00 AM Program: 8:00 – 9:00 ...

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MEREDA’s Annual “Strikes for Scholars” Bowl-a-Thon Fundraiser Raises Funds for Scholarships for Maine Students

May 31, 2023

MEREDA is thrilled to announce that it's 2023 Strikes for Scholars Bowl-a-Thon Fundraiser was a great success! MEREDA is proud to support Maine students as they prepare for careers that ...

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Interest Rates Take a Bite Out of Real Estate in 2022: 2023 MEREDA Index Unveiled at Spring Conference

May 30, 2023

On May 25th, over 300 real estate insiders gathered both in-person at the Holiday Inn By the Bay and virtually for the Maine Real Estate & Development Association’s (MEREDA) annual ...

On May 25th, over 300 real estate insiders gathered both in-person at the Holiday Inn By the Bay and virtually for the Maine Real Estate & Development Association’s (MEREDA) annual Spring Conference. As part of the Conference, MEREDA released its 17th edition of the MEREDA Index. A key economic indicator for the state of Maine, the latest edition of the MEREDA Index showed a decline of 0.8% between 2021 and 2022. The decline was driven by the typically thriving residential sector, which fell 7.3% as interest rates began to seriously bite into the market. However, the commercial market and construction sector saw some solid growth in 2022. Beyond the data, the MEREDA Index also highlights “boots on the ground” perspectives from leading experts in Maine’s real estate industry which help to paint a full picture of the activity in the marketplace. “2022 was another fascinating year for Maine’s real estate economy, with strong demand, limited supply, and inflation impacting the shape of the markets,” shares MEREDA President Craig Young. “With residential prices continuing to increase, buying a home in Maine remains a challenge. We want people moving to Maine, and we also want the Mainers who already live and work here to be able to access safe and affordable housing. This truly is the issue our generation must collaborate on to find viable solutions that move our state in the right direction.” The MEREDA Index is a measure of real estate activity designed to track changes in Maine’s real estate markets. The Index is a composite of nine seasonally adjusted measures reflecting both new development and transactions involving existing properties and it covers both the commercial and residential markets statewide. This most recent edition covers the year 2022. The MEREDA Index was tabulated by economist Dr. Charles Colgan with commentary from Stephen Nahley of East Brown Cow, Leanne Nichols of Keller Williams Realty, and Drew Wing of Zachau Construction. This edition of the MEREDA Index was underwritten by Eaton Peabody, with support from Katahdin Trust Company and XPress Copy. To download a copy of the report or watch a video about the MEREDA Index, please visit www.dev.mereda.org.

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Listen Up! The May 2023 Episode of the “MEREDA Matters” Podcast is Now Available!

May 2, 2023

A Conversation with Brit Vitalius, Vitalius Real Estate Group and Jessica James, Longfellow Communications Brit Vitalius, President of Rental Housing Alliance (RHA) and Principal at Vitalius Real Estate Group, and ...

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