WALKER TERRACE
One Walker Street (corner of Congress and Walker Streets), Portland, ME
This six story building replaced
an abandoned gas station, thus transforming
both the site and the neighborhood around it. It also helps to fulfill the city's goal of providing greater housing density along its main arteries which
feature public transportation. The project includes 40 one and two-bedroom apartments, half of which rent to households with incomes below 60% of the area
median. The other half rent at market rates. Walker Terrace is the first building in Maine built to Maine State Housing Authority's Green Building
Standards. Like all Szanton Company properties, it is a completely non-smoking building.
From the Portland Press Herald, September 21, 2004:
"Eager for any smart-growth infill opportunity to augment urban housing and curb Greater Portland sprawl, the Portland City Council unanimously let developer Nathan Szanton build 40 varied-income rental units on 0.4 acres of a former gas station in the West End, more than twice the number the current zoning allows, with Mayor Nathan Smith saying, ''This project does just about everything we as a city have been asking for.''
Walker Terrace has both flats and loft-style apartments, with sleeping areas overlooking the living and dining area below. Nine of the apartments have decks. All two-bedroom units feature two full bathrooms. Each apartment comes with an on-site parking space, many of which are fully covered by the building. Laundry rooms are found on each floor of the building.
Designed by Archetype, P.A., Portland, ME, and built by Portland Builders, Portland, ME, the project was financed by MaineHousing; the City of Portland, ME; Centerline Capital of New York City; Bank of America; and HUD.
For detailed rental information, please visit
http://dirigomgmt.com/walkerterrace.htm or call Dirigo Management Company at 207-871-1080 and ask to speak with a member of the Walker Terrace leasing team.