Commercial real estate update, West Bayside

The West Bayside neighborhood in Portland, Maine continues to rebound. We always try to leave things better than we find them, and we also try to keep taxpayers informed in all the communities in which we do business. If you’d like a quick update, here’s a video report from Josh Benthien, a partner at Northland Enterprises.

Chipotle big step forward in Marginal Way makeover

(Portland, Maine) Chipotle Mexican Grill has opened at 45 Marginal Way, the first new business open to the public in a redeveloped business complex planned by Northland Enterprises of Portland.

Chipotle is a popular chain of fast food restaurants that operates in the U.S., the United Kingdom, Canada, Germany and France. The restaurant will be joined on the property by a T-Mobile retail store, and according to a Northland official, the two will be the anchor tenants at the property, which is now called Century Plaza.

“It’s always exciting to see business come to life in an area that’s being redeveloped,” said Josh Benthien, who along with his business partner Rex Bell is a principal owner of Northland. “Since the closing of Century Tire, the neighbors have been eager to see the area bounce back. It’s been a complex project, but we’ve worked closely together with Portland City Hall, and it’s nice to see that work come to fruition.”

Benthien has released a “report to the community” on YouTube, detailing his company’s redevelopment activities in the area. (LINK: https://youtu.be/ZERTFURDVG8)

Northland purchased the former Century Tire property from Atlantic Bayside Investments in 2015. In addition to the Century Tire site, Northland also acquired 1 Marginal Way, 200 Kennebec Street and 202 Kennebec Street, all of which it plans to redevelop. Century Tire closed in February 2014 after almost 90 years in business at 45 Marginal Way.

Commercial real estate developer makes progress at 45 Marginal Way, Portland, Maine.

Northland Enterprises has been working hard on the rebound happening right now on Marginal Way in Portland, Maine.Josh Benthien issues community update

Bayside re-development continues

Commercial real estate development Portland Maine

Article about the redevelopment of Portland’s Bayside neighborhood. Reported by The Forecaster

By David Harry, The Forecaster, Monday, May 4, 2015 at 2:20 pm

PORTLAND — A developer expects the former Century Tire service center at 45 Marginal Way to be flattened within the next two weeks.

“Our demo guys are ready to roll,” Northland Enterprises principal Josh Benthien said May 1, two days after the announcement his company bought the property and three adjacent parcels on Marginal Way and Kennebec Street.

To read full article in The Forecaster, CLICK THIS LINK.

MAINEBIZ: Developer buys four buildings for Portland’s ‘Century Plaza’ retail project

CLICK ON IMAGE to read the full article by Mainebiz reporter Lori Valigra.

CLICK ON IMAGE to read the full article by Mainebiz reporter Lori Valigra.

(Portland, Maine) Commercial real estate development company Northland Enterprises LLC of Portland said it has bought four properties on Marginal Way and Kennebec Street to make way for a retail mall it has renamed Century Plaza.

Northland bought 45 Marginal Way, a site occupied for 88 years by Century Tire Co. before it closed in February 2014. It also purchased 1 Marginal Way, 200 Kennebec St. and 202 Kennebec St. The total cost to buy the properties and the price to redevelop them will be (CLICK HERE for full MAINEBIZ article.)

Developer contemplates collaboration with artist community

Northland Enterprises would like to collaborate with artists in Portland, Maine.

Northland Enterprises would like to work with the arts community to build studio spaces at 200 Kennebec Street in Portland’s Bayside

(Portland, Maine) Northland Enterprises, a commercial real estate development company based in Portland, announced today that it is seeking creative ideas for a building it is acquiring and redeveloping at 200 Kennebec Street, in the Bayside section of the city.

“Consider this a call for entries,” said Josh Benthien, a partner in the firm. “We’re not absolutely sure we’ll go this route, but the nature of this building might lend itself very well to studio space for artists and fine crafts people. Before we put pencil to paper, we thought input from the artistic community would be a great place to start.”

Benthien said the property at 200 Kennebec Street is about 2,700 square feet. The space will feature all new construction, and ideally the building would be ready in the fall of this year. The building is next door to Team 1 Brazilian Ju Jitsu, and across the street from Enterprise Rent-A-Car.

Northland has ample experience developing and managing commercial, residential, and retail properties throughout Portland and across the state of Maine. It has not built artist spaces before, but it has finished several creative renovations, including refurbishing the former Baxter Library in Portland that now serves as offices for the VIA, Portland’s leading creative advertising agency.

“To be completely honest, we don’t know the recognized leaders of Portland’s artist community, but we’d like to hear from them. We’ve had some initial exploratory discussions, and want to learn more about how the real estate market might adapt to the artistic community, rather than the other way around,” Benthien said.

Benthien said anyone willing to advise Northland on how to move the concept forward should contact his colleague Conor Beliveau, via e-mail, at conor@northlandus.com.

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