UPDATE: commercial real estate, Portland, Maine

We are in front of the Planning Board tomorrow night, September 20th, a key milestone. We’ve worked with the City of Portland for three years now on the redevelopment of the old Elks building on outer Congress Street. This key gateway to the city — right outside the airport — will host new businesses, generate new tax revenue and help Portland make a good first impression on visitors. It will also keep many jobs here that would otherwise move outside the city. The planning process is almost finished, and construction should start in early 2017. In this video, Josh Benthien updates the taxpayers of Portland.

“Five Guys” finishing Augusta redevelopment

NORTHLAND SIGNS “FIVE GUYS,” COMPLETING IMPORTANT AUGUSTA REVELOPMENT PROJECT

(Augusta, Maine) Northland Enterprises, a commercial real estate development company based in Portland, has announced that the redevelopment of the former Kennebec Journal property on Western Avenue will soon be complete.

Five Guys Burgers and Fries has signed a lease to occupy the last remaining space at the complex. Construction on the space will begin shortly, and it is anticipated that the restaurant will be open for business in the early autumn. A Northland official said the owner of the Augusta restaurant already operates a Five Guys franchise in Portland that has proven to be very popular.

“We turned down several potential tenants for that prime space, because the feedback we got from Augusta community leaders was that they wanted something distinctive there,” said Josh Benthien, a partner at Northland. “Five Guys definitely fits the bill, and I think they’ll do well in that very visible location.”

Benthien published a YouTube video recently commenting on the completion of the Western Avenue redevelopment project. Five Guys Burgers and Fries started in Washington D.C. in 1986, and features hand-formed burgers and fresh-baked buns. The company now has more than 1,000 stores in 47 states and six Canadian provinces. On its web site, the company proclaims that, “there are over 250,000 possible ways to order a burger at Five Guys.”

Northland acquired the former Kennebec Journal property in 2011. Today Journal Square leases space to a Goodwill store, a Men’s Warehouse, a Supercuts, a US Cellular retail store, Starbuck, and the regional headquarters for Bangor Savings Bank. Five Guys Burgers and Fries will occupy 2,425 square feet that were specifically designed for a food user. It is centrally located in the project, between Supercuts and US Cellular. The restaurant will have an outdoor patio, facing Western Avenue.

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AUGUSTA: Developer hopes for “quality restaurant”

Commercial real estate developer in Augusta, Maine hoping to lure restaurant to Journal Square

Northland Enterprises is hoping to lure a nice restaurant to Journal Square on Western Avenue.

(Augusta, Maine) Northland Enterprises, a commercial real estate development company based in Portland, reported today that although redevelopment of the former Kennebec Journal site is almost finished, the firm is hoping it can lure a locally-owned restaurant to the prime Western Avenue location, now called Journal Square.

“We’ve already turned down a national fast-food chain that wanted to grab the spot, because we heard folks would like to see a good dining option,” said Rex Bell, a founder and partner at Northland. “We’re holding out a little longer for a great restaurant concept because of feedback from the Augusta community. Maybe there’s a Maine chef out there who’s ready to make a splash.”

Northland acquired the former Kennebec Journal property in 2011. Today Journal Square leases space to a Goodwill store, a Men’s Warehouse, a Supercuts, a US Cellular retail store, and the regional headquarters for Bangor Savings Bank. Construction is now under way for a stand-alone Starbucks, which is expected to open this summer. Northland said the space, at 2,425 square feet, was specifically designed for a food user, and is the only lease opportunity remaining. It is centrally located in the project, between Supercuts and US Cellular. It has an outdoor patio, facing Western Avenue. Bell said anyone interested in leasing it should contact Conor Beliveau, via e-mail, at conor@northlandus.com, or Joe Porta of CBRE the Boulos Company at jporta@boulos.com.

Northland Enterprises has been managing and re-developing commercial real estate since 2001, in Maine communities and several others in the northeast Unites States. It is based in Portland, Maine. For more information visit www.NorthlandUS.com.

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