Mall-Area Projects Show New Vitality

November 7, 2010 in Articles

Author: Karen Rich
Publication: Portland Press Herald/Maine Sunday Telegram


Three new developments in the Maine Mall area suggest that retail sales have returned to levels that satisfy feasibility.

Karen Rich of Cardente Real Estate suggests that these projects have a common element that leads to their success: location, location, location.

Vincent Maietta’s newest development at 85 Western Ave. will offer a variety of suite sizes to users seeking a high-profile location.

Similarly, Boulos Commercial Brokers has successfully redeveloped and leased the former Tweeter building to Eyemart and Vitamin Shoppe. Construction is expected to be completed in late December, with a grand opening to follow. For both of these tenants seeking an identity in the Maine market, location was again a prerequisite.

The other notable entry into the market is the planned development adjacent to the Wyndham Towers. The scheme includes four pad sites for retail and restaurant use with direct exposure to Interstate 295.

Cracker Barrel, a national franchise restaurant chain, recently completed construction and planned to open this week.

Chipotle, a Mexican-themed restaurant that is popular nationwide, is well underway with construction and is expected to be open by year’s end, if not sooner. (Continued on PDF)


Read the PDF




Join Our Mailing List

Contact Us


322 Fore Street, 3rd Floor
Portland,Maine 04101




207.773.0066 (fax)


Need a Broker?