What's Happening?
Scarborough's town center, part of The Downs mixed-use development, is seeing significant growth with the addition of major businesses such as Verizon, NBT Bank, and Maine Community Bank. These companies join a growing list of businesses setting up in the area,
including a Market Basket supermarket and an InterMed medical office, both expected to open later this year. The development, which began after the site was purchased in 2018, now includes over 240,000 square feet of commercial space, with 70% already leased or purchased. The town center aims to fulfill a long-standing community goal of creating a central hub, as outlined in Scarborough's comprehensive plan since 2006. The area now hosts 700 homes and 50 businesses, with plans for further expansion.
Why It's Important?
The development of Scarborough's town center is a significant milestone for the community, providing a centralized location for commerce and social interaction. This expansion is expected to drive economic growth by attracting more residents and businesses, thereby increasing local employment opportunities. The presence of well-known businesses like Verizon and NBT Bank enhances the area's appeal, potentially drawing more visitors and boosting local spending. Additionally, the development supports housing diversity, with projects like Cross Street Condos and Sturgeon Place offering a range of living options. This growth aligns with regional goals to increase housing production and manage urban development effectively.
What's Next?
As the town center continues to develop, further business and residential projects are anticipated. The completion of the first phase is expected to increase the assessed property value significantly, contributing to higher annual property taxes. This financial boost can support local infrastructure and community services. The ongoing construction of mixed-use buildings and housing projects will likely attract more businesses and residents, fostering a vibrant community atmosphere. Stakeholders, including local government and developers, will continue to monitor and guide the development to ensure it meets community needs and supports sustainable growth.
Beyond the Headlines
The development of Scarborough's town center reflects broader trends in urban planning, emphasizing mixed-use spaces that combine residential, commercial, and recreational areas. This approach can enhance community cohesion and reduce reliance on cars by promoting walkability. The project also highlights the importance of strategic zoning and comprehensive planning in managing urban growth. As more communities look to revitalize underutilized areas, Scarborough's experience may serve as a model for balancing development with community needs and environmental considerations.
