According to the developer and city officials, plans for the 4-story, 63-unit green apartment building at Brunswick Landing are moving forward.
The 49,192 square feet Beacon Workforce Housing Economic Development Manager Sally Costello said the project, which Admiral Fitch Associates hopes to begin work on next year, is now in the design development stage and is progressing through the development review process. town. A draft plan has been approved and the next step is for the developer to submit a final plan for review and approval by the Planning Board.
The city council earlier this month approved a $6.3 million tax deal with Admiral Fitch Associates, with ultimately $3.2 million is going to the city, $1.2 million to the Midcoast Regional Redevelopment Authority, and $1.9 million to the developer. The proposed building on Admiral Fitch Avenue is located in an “opportunity zone” of the city that offers long-term investment incentives.
Thirteen of the 63 Beacon Workforce Housing units, or 20%, will be made available to tenants with incomes below Brunswick’s median income, which is $63,458, according to the latest available data. Eligibility details will be confirmed closer to the building’s opening, according to Dave Holman of Holman Homes, an Admiral Fitch Associates partner. Brunswick requires that 15% of all new housing be affordable.
“We are waiting we will be able to work with a wide range of tenants, both young workers and retirees,” Holman said.
The current market rate to rent a one-bedroom apartment on a monthly basis in Brunswick Landing is $1,750 and $2,195 for two bedrooms, according to the Brunswick Housing Authority. Rent for those affordable is $1,168 for a one-bedroom apartment and $1,537 for a two-bedroom apartment. Affordable apartments are reserved for those who meet income requirements, which in the state of Maine generally means anyone earning 60% or less of the area median income.
A study released in June 2022 found that 41% of renters in Maine are rent burdened, meaning they spend more than 30% of their income on housing. This data was collected in 2020 and rental prices have since increased.
The building will be all-electric without the use of fossil fuels, “which is extremely rare for a building of its size,” Holman said. “We will supply heat and water to the 63 apartments equipped with heat pumps.”
It will also have durable surfacing and electric vehicle charging stations, as well as underground parking that will add to the 49,192 square foot figure.
“We wanted to build a green and sustainable building that we will be proud of 500 years old from now on it will be a great place to live,” Holman said. “We hope to make it a community-oriented building with programs and activities.
Holman said the plan is to begin construction in the winter of 2023 and wrap up the project by 2024 in one of several apartment and building projects currently at Brunswick Landing.
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