Mattson issues video progress report on Augusta East

CLICK ON IMAGE for Kevin Matsson's VIDEO REPORT about redevelopment progress at MaineGeneral's East Chestnut Street facility.

CLICK ON IMAGE for Kevin Matsson's VIDEO REPORT about redevelopment progress at MaineGeneral's East Chestnut Street facility.

(Augusta, Maine) Dirigo Capital Advisors (DCA), owner of the Augusta East redevelopment project in downtown Augusta, has launched a new project web site designed to keep the community informed about redevelopment progress at the East Chestunut Street campus of  MaineGeneral Health.

The web site, www.AugustaEast.com, will have periodic updates about redevelopment progress, and e-mail links to company management so that members of the public can express concerns or suggestions. DCA president Kevin Mattson published a YouTube video on the site today, announcing that MaineGeneral will complete is exodus from the Chestnut Street facility on November 10th, an event that will mark the first time in over 100 years that a hospital has not operated in that location. He said re-development of the property has already begun, and he promised more news “soon” about new tenants.

“This is such a complicated logistical operation, but it’s great that we’re already identifying new tenants,” Mattson said. “The great fear had been that this complex was going to be left empty, a white elephant that would have been a very tempting target for vandals. Instead, Augusta is witnessing a transition that, in my opinion, could not be going any more smoothly.”

Dirigo Capital Advisors (DCA) is a company with expertise in financial modeling, investor recruitment, large project planning, regulatory compliance, construction supervision and property asset management. It currently controls more than $200 million in commercial real estate in Maine, including large, iconic properties like the Central Maine Commerce Center in Augusta, Saco Island, MaineGeneral Health’s former Seton Unit in Waterville, 415 Congress Street in Portland, and MaineGeneral Health’s hospital campus in Augusta’s East Chestnut Street neighborhood, which is currently being redeveloped.