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Press Releases

Press Releases

Grand Opening of Avesta Housing's Oak Street Lofts Set for Friday


Mayor Michael Brennan, Maine Chamber of Commerce President Dana Connors and other local and state officials will join Avesta Housing on Friday for the grand opening of the Oak Street Lofts, Avesta’s newest development of 37 energy efficient, affordable homes.

PORTLAND – Mayor Michael Brennan, Maine Chamber of Commerce President Dana Connors and other local and state officials will join Avesta Housing on Friday for the grand opening of the Oak Street Lofts, Avesta’s newest development of 37 energy efficient, affordable homes.

Located in the heart of Portland’s arts district, Oak Street Lofts is the first affordable multifamily building in Maine to be certified LEED Platinum by the U.S. Green Building Council. This means that the units will be nearly 40% more energy efficient than the typical multifamily apartment building. Heat and electricity costs for each unit are expected to average about $58 per month, compared to $92 per month for a typical unit.

The site of the Oak Street Lofts was deliberately selected for its convenient access to local amenities. City transit lines make over 250 stops every day within a half-mile of the building. Within the same half-mile range, numerous community resources are available, including: fire and police stations, pharmacies and grocery stores, restaurants, banks, libraries, post offices and museums. This adjacency allows the residents to avoid car culture and make use of the ample bicycle and scooter parking, or simply walk to fulfill their needs.

Joining Mayor Brennan and Chamber President Connors at the Open House will be Peter Merrill, interim director of the Maine State Housing Authority; Bob Moss, senior vice president of Boston Capital; John Moore, senior vice president of Bangor Savings Bank; Jessica Tomlinson, director of public relations at the Maine College of Art; and Tanya Zivkovic, a resident artist at Oak Street Lofts. The event will be hosted by Neal Allen, chair of Avesta’s Board of Directors.

The Open House will be held Friday, June 1 from 3-4:30 p.m. and will include tours of the building and units.   View Events Agenda and Project Facts

So what does Oak Street Lofts mean for the local economy?

Looking for more?

Check out Avesta's blog, The Porch Light, for more news, updates and stories.

Contact Development and Communications Manager Sara Olson at 207-245-3352 or by email.