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From the Editor: Maine's construction projects run the gamut

The building boom that has shown no sign of slowing down, even amid the pandemic, is made up of a wide range of projects and planned uses.
As Renee Cordes reports in our cover story, there are three hotels underway on the Portland peninsula. See “Staying power,” which starts on Page 20.
Four years ago, the city of Portland moved its public works depot out of the Bayside neighborhood and opened it up for redevelopment. Now the sixth and final parcel is being developed and it may be the most ambitious project yet, with 171 apartments and ground-floor retail, as Maureen Milliken reports in “Portland’s economic development gamble paying off,” which starts on Page 24. ....

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From the Editor: The pandemic upended the economy, but companies adapted — with help

A year ago, companies were just starting to make their revised sales projections for the year.
When the federal government quickly stepped in with the Paycheck Protection Program, the Small Business Administration and banks scrambled to figure out how to dispense the money. Businesses went into overdrive trying to figure out how to get loans. There were a lot of sleepless nights. In the first round of lending alone, some 28,000 Maine businesses received $2.3 billion in loans.
For our cover story, Renee Cordes takes us behind the scenes to show what it was like as bankers and businesses tried to make sense out of the pandemic chaos and the PPP loans. Lending officers, many of whom were now working from home, rushed to help clients take advantage of the program before the money was snapped up. As one business owner told Renee, “The biggest concern we all had was that the money would run out that first weekend” of lending. See “Loan rangers,” which starts on Page 16. ....

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Proposed 18-story tower could ease Portland's housing crunch, alter skyline

If it becomes Maine’s tallest building as expected, an 18-story apartment tower to be built in downtown Portland would claim a title that hasn’t changed hands in over half a century.
Or, depending on the measuring stick, the “tallest” distinction could remain with a structure in Lewiston that’s held it since 1890.
One thing is clear: Redfern Properties’ proposed 190-foot building at 200 Federal St., Portland, would be the first new high-rise to rise anywhere in Maine for over a decade.
Landry/French Construction, based in Scarborough, has agreed to serve as construction manager, the firm s CEO, Kevin French, and Redfern principal Jonathan Culley told Mainebiz. Landry/French is currently screening subcontractors and expects to have them signed on over the next 30 to 60 days. ....

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Portland family open to bids for all or part of Union Wharf

Portland family open to bids for all or part of Union Wharf
mainebiz.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mainebiz.biz Daily Mail and Mail on Sunday newspapers.

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From the Editor: Capturing a fast-moving year

From the Editor: Capturing a fast-moving year
mainebiz.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mainebiz.biz Daily Mail and Mail on Sunday newspapers.

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