Former Salpare Bay project back under construction

Former Salpare Bay project back under construction

The first phase of a 373-unit condominium project on Hayden Island began one month ago.

The Residences at Yacht Harbor, the Hayden Island condominium project formerly known as Salpare Bay, was one of the other major construction projects that halted when the economy tanked.

George Smith Partners arranged the $38.9 million senior construction loan to fund development of the first phase.

Read more at Portland Business Journal