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MEREDA Celebrates Real Estate Development in Maine. The 2016 Top Notable Projects have been chosen and are recognized here today.

June 14, 2017

The former Navy Exchange and Retail building is located at 46 Burbank Avenue on the former Naval Air Station in Brunswick, now known as Brunswick Landing. The property was sold by Midcoast Regional Redevelopment Authority (MRRA) to Topsham based developer Priority Real Estate Group (Priority), which is owned by Jim Howard, a Topsham native. Wayfair, a $3B Boston based ecommerce company that specializes in home and office furnishings, signed a lease in early 2016 for approximately 42,500 square feet of the 50,000 square foot building located 46 Burbank Avenue.
Cresa, a Boston based site location consulting firm hired by Wayfair, initially contacted Maine’s private business attraction group Maine & Company in the summer of 2015 in search of a location to support the company’s explosive growth. In addition to this redevelopment project in Brunswick, Wayfair also established a new location in Bangor, Maine that will also employ about 500 employees.
The Brunswick building will eventually house about 500 new employees engaged in business to business sales, logistics support, and operations. By the end of 2016, Wayfair in Brunswick had hired 150 people.

The Building & Facility
•$5,000,000 renovation of the complete interior and exterior of the building
•Colorful, bright and modern finishes throughout
•Expansion available for an additional 7,500 square feet of call center space
•Over 8 miles of Ethernet cable to wire 500 desks
•Employee lounge and café, equipped with ping pong tables
•Smart conference rooms with wired and wireless connectivity for video conferencing
•550 parking spaces

Priority Real Estate Group is the largest redeveloper of Brunswick Landing, having purchased a substantial amount of land and multiple buildings from MRRA, the organization empowered to redevelop the former Naval Air Station in Brunswick. Priority has invested approximately $40M at Brunswick Landing over the past 36 months with more projects slated for 2017 and beyond. The success of the Wayfair project at Brunswick Landing was driven by many groups working together for the collective goal of new job creation and investment in Maine: State of Maine, Town of Brunswick, Brunswick Development Corporation, Midcoast Regional Redevelopment Authority, Maine Department of Economic & Community Development, Maine & Company, Maine Department of Labor, Maine Career Centers, Maine Quality Centers, Goodwill Workforce Solutions, and Bangor Savings Bank

 

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