April 2026 High-Profile Focus: Multi-Residential 27

Portland, ME – Callahan Construction Managers announced it has been selected to manage construction of the new Thompson’ s Point apartment community in Portland, in partnership with the project’ s developer, Cathartes. The 6-story, 457,600sf building will add 257 residential rental units to the Libbytown neighborhood near the Fore River.

The building structure will utilize a steel-framed podium on the first floor supporting five stories of wood-frame construction extending from the secondfloor slab through the roof. Building features include a fitness center, yoga room, cafe, game lounge, swimming pool, and outdoor spaces with views of the Fore River and Portland Jetport. A 460-spot parking garage will also be built for both residents and visitors to Thompson’ s Point, and will act as a buffer from the nearby rail system.

“ We’ re pleased to partner with Callahan to bring this thoughtfully designed community to life and contribute to the continued evolution of Thompson’ s Point while helping

Rendering of Thompson’ s Point apartment community

meet Portland’ s growing demand for housing,” said Rob Simmons, director of development at Cathartes.

“ Thompson’ s Point will introduce much-needed housing to Portland’ s vibrant downtown community, offering the best of both worlds: proximity to entertainment and cultural attractions with easy access to outdoor recreation,” said Steven Callahan Jr., vice president – business development for Callahan Construction.“ Our company is excited to support Maine’ s economy and work with our partner Cathartes on this featureladen development that will complement the surrounding environment.”

New Bedford, MA – The Peabody Companies announced receipt of a $ 40,000 grant from MassHousing’ s Building Community through Arts & Culture program for construction of a playground and basketball court at Bedford Towers in New Bedford.

The funding will be used to offset the costs of playground improvements, a basketball court, and associated infrastructure at the Bedford Towers, a community for those 62 and older as well as persons with disabilities under age 62. The project is currently in the planning and concept stage, with completion anticipated by September 2027.

The playground will include swings, hopscotch, four-square grids, and picnic tables. The adjacent basketball court will showcase a custom mural created by New Bedford-based muralist, illustrator, and sculptor Dave Guadalupe, Jr. Working in collaboration with Peabody’ s property management team, resident services, and project partners, Guadalupe will develop mural concepts that reflect cultural pride, educational themes, and intergenerational community spirit. Residents across all age groups will be encouraged to participate in painting the basketball court mural, fence-mounted panels, and additional art installations.

“ MassHousing is pleased to partner with the Peabody Companies in its investment in artistic and cultural endeavors at Bedford Towers, which will all add vibrancy, foster a sense of

Bedford Towers

belonging, and strengthen that community for its residents,” said MassHousing CEO, Chrystal Kornegay.

“ We are deeply grateful to MassHousing for this generous grant,” said Melissa Fish-Crane, principal and CEO of The Peabody Companies.“ This investment allows us to enhance Bedford Towers in a way that promotes recreation, creativity, and connection.”

The MassHousing grant is a housing stability funding program that supports MassHousing-financed properties that strengthen resident engagement and cohesion through projects that improve the environment, reflect and celebrate the diverse cultures of residents, and foster resident collaboration and pride through co-designed and resident-led efforts.

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