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- VizConnect, Inc. has announced a co-developer agreement with 338 Falmouth Foreside Company, LLC to develop Presumpscot Woods, a 60-unit townhome community in Portland, Maine. - The development will include a mix of high-end market rate and affordable units, addressing the housing shortage in the area, with prices ranging from $485K to $685K for 3-bedroom units. - VizConnect's strategic focus on real estate development is part of a broader strategy to diversify its portfolio and bring long-term value to stakeholders. - The project, financed by GenX Capital Partners, aims to meet all zoning and entitlement criteria and hopes to break ground by Christmas.
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According to the 2020 US census, the population of Portland, ME was 66,706.
The average property price in Portland, ME is $548,108.
The property prices in Portland, ME are currently on an increasing trend.
The average rent value in Portland, ME is $2,275.
The average household income in Portland, ME is $90,399.