Capitol Heights Center Development
Sector: Government • Location: Augusta, Maine, United States
Source: Kennebec Journal and Morning Sentinel
A multi-use development project on the former Kmart plaza site on Western Avenue in Augusta, Maine. The project includes market rate apartments, a hotel, and retail space including a new restaurant. The development cost is estimated between $50 million and $60 million, with 58 apartments planned. The project faces financing challenges due to high costs and low initial property assessment values, l
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | A multi-use development project on the former Kmart plaza site on Western Avenue in Augusta, Maine. The project includes market rate apartments, a hotel, and retail space including a new restaurant. The development cost is estimated between $50 million and $60 million, with 58 apartments planned. The project faces financing challenges due to high costs and low initial property assessment values, leading developers to seek a larger tax increment financing (TIF) deal to make the project more attractive to lenders. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Procurement method | Obfuscated Data |
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Location
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Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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