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September 16, 2022 at 3:55 pm · · Comments Off on The Party is Back On! MEREDA’s 35th Anniversary Gala is on 11.3.22

The Party is Back On! MEREDA’s 35th Anniversary Gala is on 11.3.22

As you know, MEREDA’s 35th Anniversary Gala was postponed in 2020 due to COVID-19. We are excited to announce that we have scheduled this momentous occasion to now take place on November 3, 2022 at Ocean Gateway in Portland, and You are Cordially Invited!

We are excited to celebrate what will now be our 37th Anniversary together with you! Please join us for cocktails, hors d’oeuvres, and our Council of Directors Emeritus Induction. The Annual Member meeting will take place prior to the Gala starting at 4:45.

MEREDA’s 35th Anniversary Gala
November 3, 2022
5pm – 8pm

Ocean Gateway Terminal
14 Ocean Gateway Pier
Portland, ME 04101

For more information and to register, please click here.

REFUND POLICY:

No refunds will be granted to anyone who registers but fails to attend or who cancels after October 27th.

August 15, 2022 at 10:48 am · · Comments Off on MEREDA’s Morning Menu Breakfast Series Kicks Off on September 15th

MEREDA’s Morning Menu Breakfast Series Kicks Off on September 15th

The Initiative for Digital Engineering and Life Sciences (IDEALS): Portland’s New Roux Campus and the Effect on Maine Real Estate

The Roux Campus of Northeastern University is replacing the industrialized B&M Baked Bean site with a high tech hub for education and innovation in the fields of artificial intelligence, digital engineering, life sciences, and medicine. Charles E. Hewett, Ph.D., Executive Director of both the Institute for Digital Engineering and Life Sciences (IDEALS) and the Roux Family Foundation, will discuss his plans for this game-changing campus on the Portland Waterfront.

The world is being radically transformed by artificial intelligence and other advanced technologies. In 2020, Northeastern launched the Roux Institute to build expertise at the intersection of humans and machines. The institute offers graduate education and research capabilities in areas that will revolutionize life and work: AI, computer and data sciences, digital engineering, and the advanced life sciences and medicine. Many community leaders expect the new Roux Institute, with its prominent new location, to transform the Portland economy, and take us into a new stage of growth and economic development.

MEREDA Board Member, and attorney at Bernstein Shur, David Soley, will moderate this discussion.

Make plans to join us on September 15th to learn more about this exciting new development.

About the Event:

In Person. Pre-Registration Required.

Where:
Holiday Inn By the Bay
88 Spring Street
Portland, ME

When:
September 15, 2022

Time:
Breakfast: 7:30 – 8:00 AM
Program: 8:00 – 9:00 AM

PRE-REGISTRATION IS REQUIRED

Registering for this Event:
Members: $45 each | Non-Members: $55 each
Prices increase by $10 after September 8

Registration Closes September 14

Your RSVP is requested by Sept 8. Payment is expected at the time of registration. No refunds will be granted to anyone who registers, but fails to attend or who cancels after Sept 8.

For more information and to register, visit https://www.mereda.org

This MEREDA Morning Menu Breakfast Event is Sponsored by Norway Savings Bank and Bernstein Shur.

July 14, 2022 at 9:12 am · · Comments Off on MEREDA Welcomes New Vice Presidents

MEREDA Welcomes New Vice Presidents

The Maine Real Estate & Development Association (MEREDA) is pleased to announce the appointments of Jennifer Small, Partner and Associate Broker at Malone Commercial Brokers, and Gary Vogel, Attorney at Drummond Woodsum to Vice Presidents for 2022 -2023.

Jennifer Small joined the Malone team in 2000 for an internship that launched a successful lifelong career as a broker. Jenn has collaborated on some of Maine’s most complex commercial real estate transactions. Her projects span from development/redevelopment to lease and sale of office, medical, retail, and industrial space throughout the state. Jenn has a proven 22-year track record of surpassing client expectations, including corporate firms, nonprofit organizations, and countless local businesses. Her in-depth market knowledge, strategic planning skills, and strong local connections facilitate a smooth process while helping clients meet their goals. Jenn is also affiliated with Maine Commercial Association of Realtors, National Association of Realtors, and she is currently working towards her CCIM designation. She resides in Falmouth with her husband and two children.

Already an active member of MEREDA, Jenn served as co-chair of MEREDA’s Membership & Marketing Committee from 2020 to 2022 and will now also serve on its Executive Committee. Jenn joined the MEREDA board in 2014 and that same year, was selected to receive one of two MEREDA’s Volunteer of the Year Awards.

Gary Vogel, is a shareholder at the law firm of Drummond Woodsum. Gary’s practice is concentrated in real estate, real estate development and finance and mergers and acquisitions. His practice often involves developments utilizing the Federal Low-Income Housing Tax Credit, Federal and State Historic Tax Credits and New Market Tax Credits. He has been counsel for developers or lenders in some of the most significant real estate development projects in Maine over the past many years. He has been practicing law in Portland for over 35 years and resides in Yarmouth.

Since joining the Board of Directors in 2004, Gary chaired the Public Policy Committee for 13 years, served as MEREDA’s president from 2018 – 2020, and returning as a vice president, will continue to serve on MEREDA’s Executive Committee. Over Gary’s 18 years with MEREDA, he has received several recognition awards, including the Volunteer of the Year award, the Public Policy Award, and the President’s Award.

“MEREDA is thrilled to add both Jenn and Gary as Vice Presidents for the coming year. Both exemplify leadership roles and can-do attitudes that are particularly welcomed in a volunteer organization such as ours”, said Shelly R. Clark, MEREDA’s Executive Director.

For further information, please contact the MEREDA Office at 207-874-0801 or visit www.mereda.org.

July 13, 2022 at 10:05 am · · Comments Off on MEREDA Appoints Committee Co-Chairs

MEREDA Appoints Committee Co-Chairs

PORTLAND, July 13, 2022 – The Maine Real Estate & Development Association (MEREDA) is pleased to announce two additional appointments of committee co-chairs.

Participation on any one of MEREDA’s five standing committees gives members an opportunity to raise their profile within Maine’s real estate community, and help the association meet its goals. Committee work allows members to play an active role in the association’s affairs and all members are encouraged to participate. We are happy to announce the appointments of two additional committee co-chairs.

Scarborough resident, Shawn McKenna, Vice President of Commercial Banking at Bangor Savings Bank, will fill the role of Co-Chair of MEREDA’s Membership & Marketing Committee.

In his role as senior commercial relationship manager, Shawn is a creative individual that is eager to thoroughly understand any idea, product, or concept. During his 20+ years with Bangor Savings Bank, he has held roles as a commercial underwriter, real estate appraisal review specialist, and commercial portfolio manager. Shawn’s interest in solving problems, conceiving new concepts, and understanding a borrower’s needs comes in handy when working with a multitude of commercial banking clients. Outside of the office, Shawn is an avid automobile and outdoor enthusiast that enjoys travel and spending time with his wife Traci as well as their two French bulldogs, Boston and Una. Shawn has been a volunteer on MEREDA’s Marketing and Membership Committee since 2017 and was elected to the MEREDA Board of Directors in July 2018.

“Shawn has been an invaluable addition to our volunteer board and committee,” says Shelly R. Clark, Executive Director of MEREDA. “Having Shawn step into the Co-Chair role will only strengthen the committee and its important work.”

Additionally, Attorney Jason G. Howe of Gorham has been named co-Chair of MEREDA’s Public Policy Committee. Jason is an equity partner at Preti Flaherty, where he serves as co-chair of the firm’s Real Estate and Finance Practice Group.

Jason represents clients locally, regionally, and nationally on matters relating to real estate development, corporate restructuring, business acquisitions, private equity investments, and complex commercial leasing – including a specialty in logistics, warehousing, and 3PL facilities. Jason also represents both lenders and private equity groups in financing commercial real estate development and various hospitality concerns. He provides full lifecycle guidance for businesses from strategic start-up structuring and initial investment, to credit facility, acquisition growth, and ultimate sale.

Jason is a graduate of the University of Maine School of Law, where he served as president of the Student Bar Association and as articles editor for the Maine Law Review. Prior to joining Preti Flaherty, Jason was an equity partner at a mid-sized firm in southern Maine.

MEREDA’s active Public Policy Committee meets regularly during each legislative session reviewing pending bills and regulations, identifying those of interest to the membership, and works to ensure the real estate industry’s concerns are considered. The committee works to influence and shape the final form of proposed laws and regulations, and initiates new ones when circumstances warrant. MEREDA’s Public Policy Committee Chair, Paul Peck of Drummond & Drummond says, “Jason has been a valuable member of MEREDA’s public policy committee. He brings a strong and diverse background on a variety of development matters to the committee. We look forward to working and collaborating with him on behalf of MEREDA’s members on the various legislative and regulatory issues that the committee addresses”.

For further information, please contact MEREDA’s Executive Director, Shelly R. Clark at 207-874-0801 or visit www.mereda.org.

July 12, 2022 at 9:33 am · · Comments Off on MEREDA Names New President and Announces 22-23 Officers

MEREDA Names New President and Announces 22-23 Officers

Scarborough resident Craig Young, CCIM, Partner & Sr. Broker at The Boulos Company is the new president of the Maine Real Estate & Development Association (MEREDA), a statewide organization of commercial real estate owners, developers and related service providers. Founded in 1985, MEREDA promotes responsible development and ownership of real estate in Maine through legislative advocacy, educational programs and professional networking opportunities.

Craig is a Partner and Senior Broker at The Boulos Company, a commercial real estate firm that blends Maine and New Hampshire market knowledge with a global network and is dedicated to serving owners, investors, and tenants. Joining the company in 1987, he takes the time to intimately understand his clients’ internal goals and processes to be their best advocate. His supportive approach successfully guides clients through even the most complex real estate deals.

Craig joined the MEREDA Board of Directors in 2015, becoming a vice president in 2020, as well as co-chair of its Conference Committee. In 2022, Craig was selected to receive MEREDA’s Volunteer of the Year Award for his work in 2021. The Volunteer of the Year Award is awarded to those who are actively engaged and generously share their time, talents, and energy with MEREDA. His leadership was especially appreciated while we navigated the coronavirus pandemic.

Craig succeeds Josh Fifield, Vice President, Senior Account Executive at Clark Insurance, who has led MEREDA for the past two years. “Josh’s stewardship during the COVID pandemic is unprecedented for our organization. Josh’s enthusiasm and steady hand guided the organization as it continued to offer social networking events, growth in membership and financial stability,” said Young. “I welcome the opportunity to guide MEREDA through these continuing challenging times while we pursue real estate advocacy through local and State public policy, networking opportunities and advocacy for our members.”

MEREDA also announced its 2022 / 2023 slate of officers which include President Craig Young of The Boulos Company, Vice Presidents Shannon Richards of Hay Runner, Gary Vogel of Drummond Woodsum, and Jennifer Small of Malone Commercial Brokers, Treasurer Mark Stasium of Camden National Bank, and Secretary Shelly R. Clark, who also serves full time as MEREDA’s Executive Director.

 

July 11, 2022 at 10:11 am · · Comments Off on MEREDA Announces Local Issues Committee Co-Chair

MEREDA Announces Local Issues Committee Co-Chair

John Finegan of South Portland, an Associate Broker at The Boulos Company, has been named Co-Chair of the Maine Real Estate & Development Association’s (MEREDA’s) Local Issues Committee.

At The Boulos Company, John works on the brokerage team of Drew Sigfridson, SIOR and Jessica Estes. He works in leasing and sales of Commercial Real Estate in Southern Maine with a particular focus on multifamily. Prior to joining Boulos, John spent four years at SynQor, Inc., a defense contractor based in Massachusetts, as a Regional Sales Manager covering Australia, New Zealand, Scandinavia, Benelux and the UK.

John graduated Magna Cum Laude from the University of New Hampshire in 2014 with BS degrees in Finance and Accounting. In his free time, John likes to ski, run, and spend time in the gym. John was born in North Yarmouth, Maine and attended high school at North Yarmouth Academy. He now lives in South Portland with his girlfriend, Elizabeth.

MEREDA’s active Local Issues Committee was created in 2019 to monitor and timely engage on local land use and development matters. The Committee has a two-fold mission: to develop and deploy a proactive educational initiative designed to inform developers across Maine in best practices and tools to minimize local resistance to a real estate development project; and to react to issues that rise to a level of concern that warrant the engagement of MEREDA to influence the outcome of such an issue in a manner that is favorable to MEREDA.

John will co-chair the Local Issues Committee with Tom Schoening of Drummond & Drummond who has chaired the committee since its inception. MEREDA’s Vice President of Operations, Shelly R. Clark says, “John is a valuable member of the Local Issues Committee. He brings a strong and diverse background, and we look forward to working and collaborating with him on behalf of MEREDA’s members on the various issues that the committee addresses”.

For further information, please contact MEREDA’s Vice President of Operations, Shelly R. Clark at 207-874-0801 or visit www.mereda.org.

June 14, 2022 at 10:37 am · · Comments Off on MEREDA Announces Appointment to its Board of Directors

MEREDA Announces Appointment to its Board of Directors

Josh Soley of Portland has been elected to the board of directors of the Maine Real Estate & Development Association (MEREDA), a statewide organization of commercial real estate owners, developers and related service providers. Josh is President of Maine Realty Advisors, the largest full-service commercial real estate firm in the State and specialist in investment sales and asset stabilization.

Josh specializes in investment sales and has facilitated high-profile transactions in Maine, Vermont, New York, Maryland, and Florida, completing both sales and leases in excess of $250mm. In 2021, CoStar honored Josh as a Power Broker for topping the industry in sales

A Maine native, Josh graduated from Freeport High School then the Maxwell School at Syracuse University. In his rarely found spare time, you can find Josh coaching basketball at Waynflete School or enjoying the outdoors with his wife and daughter.

In addition to stepping onto the MEREDA board, Josh also participates on MEREDA’s Conference Committee and was recently asked to co-chair this committee with Shannon Richards of Hay Runner. “Josh will be a great addition to the MEREDA board. He has been active already on the Conference Committee spearheading and moderating several events, and we look forward to his participation now at the board level”, says Shelly R. Clark, Vice President of Operations for MEREDA.

For further information, please contact MEREDA’s Vice President of Operations, Shelly R. Clark at 207-874-0801 for visit www.mereda.org.

June 7, 2022 at 6:00 am · · Comments Off on Once-in-a-Generation Opportunity: MEREDA Spring Conference Does Deep Dive Into the Bipartisan Infrastructure Law

Once-in-a-Generation Opportunity: MEREDA Spring Conference Does Deep Dive Into the Bipartisan Infrastructure Law

On Tuesday, May 24th, the Maine Real Estate & Development Association (MEREDA) hosted its annual Spring Conference where some 200 real estate professionals gathered at the Holiday Inn By the Bay, as well as virtually, to learn more about the recently enacted Bipartisan Infrastructure Law (BIL). With $2.5 billion of federal funds set to flood the state to support programs for improving infrastructure such as roads, bridges, and broadband access, the MEREDA event provided an opportunity to do a deep dive into the impact of the infrastructure bill on Maine and its economy.

“MEREDA is committed to promoting responsible development across the state and to providing forums for our members to engage and learn,” shares Joshua Fifield, MEREDA President. “Our Spring Conference gave us an occasion to connect, discuss, and gain a better understanding about the ‘once-in-a-generation’ opportunity that the infrastructure bill is presenting to us. We’re at a critical juncture on many fronts and there’s a lot of work that needs to be done in our state. MEREDA and its members are looking forward to these exciting new opportunities to invest in Maine’s future.”

Keynote speaker Commissioner Heather Johnson from the Department of Economic and Community Development kicked off the event with a general overview of how the state plans to put the federal funds to work to help Maine. These new funds will complement the planning and programs already in motion from the Maine Jobs and Recovery Plan as well as the Governor’s 10-Year Strategic Plan. From preparing and growing our workforce to providing all Mainers a reliable connection to broadband, Commissioner Johnson reported that Maine is poised to be efficient and effective with using the federal funds. Commissioner Johnson also stressed that the state is focused on long term strategies, not short-term band-aid solutions to improve the lives of current Mainers and those people migrating to Maine.

Dale Doughty, Director of Planning at the Maine Department of Transportation (DOT), continued the discussion with a Keynote presentation on the DOT’s plans for the federal funds. Doughty highlighted the Village Partnership Initiative where the DOT partners with local municipalities to help improve access to downtown areas with “gateway treatments” and pedestrian crossings, features which can dramatically improve rural communities. Doughty provided the example of the transformation of the Belgrade Lakes Village on how the DOT could help a town bring back the “human scale” to its downtown. Despite the fact that the BIL funds will barely cover the impact of inflation in the DOT’s use of formula funds for improving roads and bridges, Doughty was optimistic about Maine’s opportunity to capitalize on the expanded grants programs that will enable them to continue to improve and transform the transportation options in Maine.

After a recognition of MEREDA’s 2021 Notable Project recipients, Economist Dr. Charles Colgan gave a presentation on the economic impact of the BIL. Dr. Colgan broke down the $2.5 billion that Maine will receive over 5 years, noting, “It’s not enough, but it may be all we get.” Nonetheless, Colgan observed the opportunities for Maine to really make an impact with this “once-in-a-generation” investment, like removing contaminants like PFAS in Maine’s water infrastructure system. He concluded his presentation by suggesting a strategy for using the federal funds, stressing the need to stretch the funds by supplementing local programs already in place and to recognize the opportunities to invest in truly transformative technologies, such as broadband and wind and solar power. “The biggest mistake is to carry on investing in old systems,” said Colgan. “There’s a lot of work to be done!”

MEREDA shifted from Dr. Colgan’s perspective on infrastructure to his perspective on the real estate economy as it unveiled its 2022 Index, a key economic indicator for Maine. The conference then concluded with a panel discussion featuring Scott Jason of Cianbro Construction, Michael Stoddard of Efficiency Maine, Greg Payne from the Governor’s Office of Policy Innovation and the Future, and Kerem Durdag of GWI Broadband. The panel was moderated by Brain Curley, Architect and Director of Design and Construction at MaineHealth. The dynamic discussion with these in-state experts highlighted the wide range of intersecting topics that are crucial to maximizing the impact of the BIL funds for the state. Jason focused on the workforce challenges companies like Cianbro face to be able to build new infrastructure, noting that in particular Cianbro needs to attract highly skilled workers with years of experience to complete some of the necessary projects. Selling Maine as a place to live in addition to training entry-level construction workers is part of their strategy. Stoddard outlined how the federal funds can help Maine “go electric” and highlighted the opportunities building owners and developers have to improve the energy efficiency of their buildings. Installing electric vehicle chargers across the state will be another focus for Efficiency Maine. While not specifically part of the BIL funds, Payne spoke about how the affordable housing landscape is a key part of the discussion for Maine to help house the state’s workforce and drive development in rural areas. “Maine’s affordable housing pipeline is big and we need to keep it that way,” shared Payne. Durdag spoke of the monumental effort that companies like GWI and others are engaged in to bring broadband to every Mainer who wants it. The massive injection of federal funds will help Maine level up its infrastructure to the 21st century and enable Mainers “to do business and interact on a global scale.” Durdag compared the current broadband effort to the Rural Electrification Administration in the 1930s which brought electricity to millions of Americans and to the Federal-Aid Highway Act of the 1950s which changed the way we travel through our country. “What we build today, our kid’s kids will be leveraging off of,” shared Durdag. With the support and planning of the Governor’s office, the plan is to have the state’s broadband network in place in the next seven years. “In terms of speed, that is bonkers-nuts,” quipped Durdag.

To sum things up, Curley commented during the audience Q&A that he is blown away by the transformative nature of the BIL funds. “It’s about more than roads and bridges,” shared Curley. “There will be a ripple effect.” The Spring Conference brought together our state’s best and brightest and underscored how MEREDA and its members have an opportunity to invest in infrastructure that will help Maine build its future in a responsible way. As Durdag noted on the effort, “It will have a massive societal impact. What we do today will matter for generations.”

 

May 27, 2022 at 10:01 am · · Comments Off on MEREDA’s Annual “Strikes for Scholars” Bowl-a-Thon Fundraiser Raises Funds for Scholarships for Maine Students

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

MEREDA is thrilled to announce that it’s 2022 Strikes for Scholars Bowl-a-Thon Fundraiser was a great success! This year we will be making donations to be used for student scholarships to both the ACE Mentor Program of Maine as well as to the Associated General Contractors of Maine’s Education Foundation.

MEREDA began its scholarship program for students in the building trades and professions 10 years ago and has continued to grow and support the program. Since the fundraiser’s inception, MEREDA is proud to have raised and donated over $151,000 to deserving Maine students. This includes this year’s donation of $18,000!

We are deeply appreciative of everyone involved in this event, sharing our goal of supporting Maine’s students pursuing education related to construction, design, engineering, and architecture. Our Sponsors AAA Energy Service Co. & Machias Savings Bank, as well as our bowling teams, and those who purchased raffle tickets!

Additional thanks to the folks at Boulos Asset Management for allowing us the use of their Lancaster Street parking lot to help with the overflow of guests, and to Malone Commercial Brokers, for donating funds from their MCB4ME Campaign to Strikes for Scholars! Without their involvement, these substantial donations would not be possible.

May 26, 2022 at 3:40 pm · · Comments Off on The Magnificent Seven: MEREDA’s 2021 Notable Project Recipients Honored

The Magnificent Seven: MEREDA’s 2021 Notable Project Recipients Honored

The Maine Real Estate & Development Association (MEREDA), the state’s leading organization promoting responsible real estate development, honored projects from Portland to Biddeford to Bangor, with each receiving special recognition at MEREDA’s 2022 Spring Conference on May 24th.

Each year, 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 2021, 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 seven projects was selected in part based upon criteria including: noteworthy and significant project completed* in 2020 (*Building Occupancy Permit issued by 12 31 21), environmental sustainability, economic impact, energy efficiency, social impact, uniqueness, difficulty of development and job creation.

The recipients of MEREDA’s Top 7 Most Notable Projects of 2021 include:

• Westbrook Housing, Westbrook Development Corporation, and Anew Development’s Harnois & Emery Apartments in Westbrook preserves, redevelops, and expands affordable housing in a highly desirable location. This 75-unit mixed-income development includes a major renovation of 13 existing units and the construction of two new residential buildings on adjacent lots. The desire for this type of housing is so great that Avesta Housing had over 800 applications. Deering Place is close to public transportation, food, services, and healthcare and puts residents close to jobs in the downtown area.

• Husson University’s Harold Alfond Hall in Bangor, the new home for Maine’s largest College of Business. It represents a major milestone in the progression of professional education at Husson University. The building was constructed using a holistic approach to sustainable design and the new building meets or exceeds all International Energy Efficiency Certificate requirements and exceeds Environmental Protection Agency Energy Star Requirements by 15%.

• South Portland Housing Development Corporation’s Thornton Heights Commons in South Portland, a four-story, mixed-use affordable housing and commercial building with associated parking, community open space, and three new single-family house lots. The residential portion of the project includes 42 apartments with community amenities. The commercial portion of the project includes 7,000 square feet of dividable space, an outdoor seating area, and a satellite police station. The development process commenced with a difficult land use approval process and the successful completion of the project represents a public partnership built upon a team effort.

• Port Property’s Riverdam Mill Complex in Biddeford, an ambitious redevelopment of two mill buildings comprising the former Saco Water Power Company to the west of Factory Island. These historic buildings were transformed into retail spaces, restaurants, and 71 residential apartments, including 7 affordable units. Parts of the existing buildings were salvaged and repurposed on site, adding to Riverdam’s charm while also reducing its environmental footprint. ADA accessibility to the adjacent Riverwalk was a priority for the project, and after collaborating with the City of Biddeford, the project allows more people access to the beauty of the Falls and Saco Rivers.

• JB Brown & Sons & Ryan Senatore Architecture’s 40 Free Street located in Portland’s Old Port, is a new construction, mixed-use building made up of five retail spaces at the street level and 51 market-rate apartment units on its upper floors. Prior to development, the project site was occupied by a surface parking lot which limited density in Portland’s downtown and fractured the historic streetscape along Free Street. Through the development of an energy-efficient building that offers environmental, economic, and social benefits, this project provides an architecturally holistic solution for its site and for downtown Portland.

• Zachau Construction & Avesta’s Deering Place in Portland, preserves, redevelops, and expands affordable housing in a highly desirable location. This 75-unit mixed-income development includes a major renovation of 13 existing units and the construction of two new residential buildings on adjacent lots. The desire for this type of housing is so great that Avesta Housing had over 800 applications. Deering Place is close to public transportation, food, services, and healthcare and puts residents close to jobs in the downtown area.

• Zachau Construction’s Children’s Museum + Theatre Maine in Portland, a long-standing staple of the Southern Maine community and now has a beautiful new location on Thompson’s Point for children to learn, play, and explore. With its unique colorful siding that mimics patterns found in nature, the building is an iconic addition to Portland’s cityscape. With its state-of-the-art exhibits, the museum encourages creativity and exploration for children of all ages and backgrounds.

MEREDA congratulates its 2021 Notable Project Award Recipients and thanks its Membership for their continued commitment to responsible development in Maine. Each project will be recognized in the Maine Real Estate Insider e-newsletter published by Mainebiz, running Summer of 2022.

For more information on these impressive projects, please click here or contact MEREDA’s Vice President of Operations, Shelly R. Clark at info@mereda.org or visit www.mereda.org.