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.)

Adding to the tax base in Portland, Maine

Commercial real estate development in Portland, Maine.

Portland is buzzing about the construction jobs, increased taxable value and new retail opportunities that this project will bring.

Northland Enterprises has been receiving very favorable feedback after WCSH-TV and the Bangor Daily News reported that the company will be re-developing a vacant building, the former Century Tire building, into Class A retail space. Located on Marginal Way in Portland, the building is well-known because it was home to Century Tire for 88 years.

“We anticipate submitting our plans to the City of Portland in late January or early February,” said Josh Benthien, a partner at Northland Development. “We’re looking forward to working with City staff to make it a great project, and we’ll be releasing a lot of information to the general public along the way so that they understand the process. People are very excited that something positive is happening in that part of Portland, so if anything, we will over-communicate about the process.”

Benthien said folks are curious about the price tag of the project, possible tenants in addition to those that have already been announced, the taxable value of the project, and the number of construction jobs that the development will generate. He said Northland hopes to release as much information as possible by the end of January, on the company’s web site and social media channels, and to the media.

Previous work in Portland by Northland Enterprises includes the spectacular renovation of Baxter Library as new office space for The VIA Agency, photos of which are available in a gallery by clicking “THE LIBRARY” at THIS LINK.

Retail space is still available at the 45 Marginal Way location, and Northland Enterprises has assigned CBRE The Boulos Co. as the leasing agent. If you are a prospective tenant, you may find more information about the project at THIS LINK.

CLICK HERE for story, WCSH-TV
CLICK HERE for story, Bangor Daily News

commercial real estate development portland maine

CLICK IMAGE and then click on “The Library” for photo gallery of signature development project in Portland, Maine by Northland Enterprises.