BRUNSWICK — Sue Spann has been a absolute acreage abettor in the Brunswick breadth for decades, but she’s never dealt with annihilation absolutely like what’s activity on at Brunswick Landing.
“It’s appealing exciting,” she said this week. Spann, broker/owner at RE/MAX Riverside in Brunswick, is the affairs agent, with accomplice Lula Hansen, for 146 units of apartment that are advancing accessible for auction at the above Navy base.
“I’ve the abutting three years over 400 units are advancing assimilate the bazaar [for auction and rent],” she told Mainebiz.
In the seven years back the Navy angry the abject over, 110 businesses accept generated 1,700 jobs beneath the Midcoast Regional Redevelopment Authority. The about-face of the above Navy residences, as able-bodied as new architecture on the campus, is allotment of that wave.
Brunswick Landing Venture bought 334 units on 120 acreage at the above abject and addition 73 in Topsham from Auburn developer George Schott aftermost year. The firm, analysis at the above base, bought 190 units of rental apartment from the Navy in February. They appear about-face affairs aftermost month.
Chris Rhoades, of BLV, said Monday back he and the added associates of the absolute acreage advance accumulation bought the property, it was with the ambition of renting the units out, not affairs them.
“But we were accident a lot of tenants attractive to buy, or allurement if they could buy their units,” he said. Apartment includes duplexes and single-family homes, which are actuality awash as condominiums and simple-fee dwellings.
Since the accommodation was made, chat has gotten out.
For instance, of 14 three-bedroom agronomical houses at Brunswick Gardens, listed for $225,000, alone three abide available.
There are bristles areas of apartment at Brunswick Landing, all in the northeast bend of the 3,200-acre campus, and addition 73 units at Patriot Commons in Topsham that the accumulation will eventually catechumen as well, Rhoades said.
Besides the Brunswick Gardens ranch-style houses, there are additionally 30 two-story Brunswick Garden boondocks homes. Woodland Village has 94 two-story townhouses with absorbed garages. The boondocks houses ambit from $175,000 to $250,000.
There are additionally eight single-family homes at Station Quarters, starting at $150,000.
Photo / Maureen Milliken
Of the 14 single-family agronomical homes in Brunswick Gardens at Brunswick Landing, three are available.
Spann and Rhoades say that while the account prices for the apartment is low compared to the blow of the region, new architecture planned there will be added in band with the market.
The accumulation affairs to body 40 abode units on abandoned acreage amid the accustomed developments. Those units will be two and three bedrooms, with adept suites and two-car garages — a little added high-end than the above Navy housing. They’ll additionally accept abounding foundations, breadth possible, rather than the slab best of the Navy apartment is congenital on.
Some will be two story, and some one story, but all will accept the aforementioned roofline, with the one-story units accepting aerial ceilings, said Chris Robbins, who manages the property.
Spann said that abounding of those who appear to accessible houses now are the 50-and-over crowd, and abounding appetite single-story homes as they get older.
“With the crumbling population, ranches aloof fly,” she said. “People appetite a first-floor bedroom.”
With apartment account so apathetic in the area, the absorption in the planned new architecture is high, alike admitting they haven’t marketed it, or alike congenital it, yet.
“I’m audition about it, bodies appetite to apperceive about it,” she said. “Inventory is at such analytical levels that, for bodies to get what they want, they charge new construction.”
BLV’s 120 acreage on the campus was subdivided aftermost year into 10 parcels, amid the areas with the absolute construction, and laying out areas breadth new units will be built.
The Planning Board in April gave antecedent approval for 40 new abode units, which are actuality congenital by Brunswick Landing Condominiums, with a final vote appointed for June 5.
The new apartment will be congenital on areas larboard abandoned breadth the Navy tore bottomward crumbling apartment in the aboriginal 2000s, and will be listed for $290,000 to $325,000. Added may be congenital afterwards the aboriginal phase.
Rhoades said the units are actuality congenital on spec, adding, “We’ll body a few and see if they sell.”
Courtesy / Brunswick Landing Venture
A map submitted to the boondocks of Brunswick during the armpit review, shows the residential breadth at Brunswick Landing.
The plan additionally includes rental housing.
Rental units actuality upgraded accommodate Mariner’s Landing townhouses, 126 units; Midway Terrace, which has 62 garden apartments, and 190 units of what was already alleged “bachelor housing” and is now Pegasus Landing.
The 750-square bottom Pegasus Landing apartments accept been abundantly abandoned for the accomplished few years.
“We’re demography some rental acreage out of the market, so we’re replenishing it,” Rhoades said.
Robbins, of Foreside Absolute Acreage Management, said all the acreage that’s actuality marketed bare upgrades, aggregate from attic to appliances.
The Pegasus Landing apartments, which are abutting aperture to the Brunswick Parks and Recreation centermost on the campus, are two stories, with a kitchen and bath bench and two apartment upstairs. While small, they are Navy-efficient, with ample washers and dryers and accumulator space.
BLV is installing new wifi and accessory TV, which will be included with the rent, and replaced counter-top stoves with abounding ovens.
Robbins said the wifi will extend to the alfresco accepted areas, which will accommodate bike racks and barbecue tables.
Current tenants at Brunswick Landing backdrop get aboriginal affirmation on buying, and 15 to 20 accept bidding an interest.
The rental acreage will additionally be accessible to accepted tenants afore the public, Rhoades said.
Photo / Maureen Milliken
The Woodland Village boondocks houses at Brunswick Landing, which are actuality adapted from rental.
Spann was on the Brunswick Local Redevelopment Authority, which was set up back the Navy appear in 2005 that the abject was closing
A lot has happened back then, at the above abject as able-bodied as in the arena and to the apartment market.
When the apartment bazaar crisis hit in 2008, both new architecture and acreage sales “really took a dive,” she said. But that’s rebounding.
The BLRA is continued gone, and Spann said the redevelopment eyes for the abject has happened a lot faster that what it had envisioned.
MRRA Executive Director Steve Levesque said beforehand this year the cardinal of jobs on campus is accepted to hit 2,000 by the end of the year.
Drew Preston, Rhoades’ partner, said that the charge for the apartment isn’t aloof for the jobs Brunswick Landing will accomplish in the future.
“It’s what’s bare today, not three years, four years, bristles years from now,” Preston said.
The Presidium Group, a Dallas-based absolute acreage aggregation that owns bags of rental units in Texas and Oklahoma, is additionally allotment of the team.
Engineering assignment is actuality done by Sightlines PA, of Brunswick, and Seabreeze Acreage Services, of Portland, is the landscaper.
BLV affairs an accessible abode at its 74 Neptune Drive address on Saturday, June 9, to appearance off the property, with a shuttle active to all the sites.
Rhoades said back they bought the acreage aftermost year, the accumulation wasn’t cerebration about the low apartment account in the area, but now it’s become “a different opportunity.”
“It’s exciting, what’s possible,” he said.
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