Innovation District at The Downs

Vacant Land for Sale
Also listed as Industrial, Office
Catylist Listing ID: 30373259
Property Subtypes: Industrial, Office, Other
Building Status: Under Construction
Gross Land Area: 1 - 154 Acres
Sale Price: See Agent
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/1/2021

Overview / Comments

The Boulos Company is pleased to present Innovation District at The Downs. Innovation District is a 154-acre, specially-zoned business park that is a key component of The Downs, a 524± acre mixed-use development featuring residential, retail and commercial neighborhoods. Innovation District provides a tremendous opportunity to locate in Maine’s first industrial/business park to be developed in over 25 years.

For the end user, Innovation District at The Downs provides extensive advantages over a typical site search and build scenario. The developers at Innovation District have secured master plans, and all lots will be prepared for development including cleared, graded sites, road infrastructure in place and all utilities on-site. Utilities include three phase power, municipal water and sewer,
stormwater, natural gas, and fiberoptics. The surrounding development of The Downs including residential units provides an employee base and a high level of amenities for businesses relocating to the park.

The “innovative” design of the district includes lots that allow for 85% lot coverage, modest setbacks, multi-story development (up to 75’) for high floor area ratios to maximize value. The district also includes over 50 acres of open space, 2 miles of trails and sidewalks and bike lanes for recreation and wellness. Development has commenced within Innovation District with buildings fully constructed and businesses in operation.

PROJECT HIGHLIGHTS
• Land area of Innovation District: 154 acres
• Zoning: Crossroads Planned Development (CPD)
• Availability: Lots to accommodate 5,000 SF to 100,000+ SF businesses
• Utilities included:
- 3-phase power
- Municipal water and sewer
- Natural gas
- Fiber optics
- Stormwater systems
• Condition: All lots prepared for development; cleared, graded, road infrastructure in place, and utilities on site
• Flexible lot sizes to accommodate all business requirements for loading and parking
• Accepting lot reservations immediately, see broker for more information.

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: Map R52, Lot 4
Zoning: CPD
Property Located Between: US Route 1 and Payne Road Scarborough
Property Visibility: Excellent
Largest Nearby Street: Haigis Parkway
Highway Access: Maine Turnpike via Haigis Parkway
Airports: Portland Jetport
Site Description: Innovation District at The Downs
Area Description: New development
Zoning Description: Crossroad Planned Development
Part of Planned Development?: Yes
Development Name: The Downs
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 13,988 69,794
Median Age: 40.15 39.76
Households: 5,513 29,744

Contact

Photograph of Listing Agent

Drew Sigfridson, SIOR

The Boulos Company NECPE Member
Photograph of Listing Agent

Jonathan Rizzo

The Boulos Company
NECPE Member
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