Last month, Deutsche Bank and Enterprise Community Partners Inc. announced the four finalists in their national competition aimed at finding innovative ways to lower the cost of affordable housing. Bayside Anchor, a proposed multi-family housing development in Portland’s Bayside neighborhood, was selected as one of these finalists.
Avesta is pleased to serve as the development consultant with a stellar team that also includes Portland Housing Authority as the developer, Wright-Ryan Construction, Kaplan Thompson Architects, John Anton Consulting and the Maine Affordable Housing Coalition. These partners are leaders in the construction, sustainable design and affordable housing development fields. We are all energized by the idea of developing a cost-efficient affordable rental prototype in a downtown Portland neighborhood recovering from the devastation of urban renewal.
With Bayside Anchor, we hope to prove that first costs of development can be lowered without sacrificing investments that result in lower long-term costs throughout the life of a building. We think we can show that efficient, smart…
Read More »