Premiere Units at Portland’s Bayside $22 Million Condo Development Start at $695K
Even though it's still being built, over a third of the condo units are spoken for.
According to MaineBiz, this is a new development called Daymark. From a Massachusetts-based developer who is spending $22 million on the project. Don't worry, I'm pretty sure it will be worth the investment.
This complex at 75 Chestnut Street near Oxford Street is seven stories tall and 22,000-square-foot. There will be 54 condominium units and 2,400 square feet of commercial space on the first floor. Prices range from $399,000 to $1.1 million. They are shooting to have this done by the end of the year. Interested in a penthouse unit? They are almost done and ready for viewing. They start at $695,000. Yikes!
What will the condos have for a starting price of $399,000? According to MaineBiz, the one- and two-bedroom units will feature hardwood floors, quartz countertops, custom cabinetry, Blomberg* appliance packages, individual enhanced ventilation systems, and balconies and walk-in closets in most units.
Plus, the building will have a club room, fitness area, co-working space, sports-and-gaming lounge, and a makers space. I had to look up what a 'makers space' is. It's really self-explanatory - it's where you make stuff. I'm not making this up. I also looked up what 'Blomberg' appliances were. In a word - fancy!
These are condos of the high-end sort in a neighborhood that just ten years ago was considered less than desirable. This will do nothing for the housing crunch, especially in Portland. But those from 'away' used to nice things and amenities these condos will be scarfed right up. We keep stuffing Portland with condos and we keep having a housing shortage. Hmm.