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Developer abandons plans for midcoast nursing home

Summary by Bangor Daily News
A 102-bed nursing, rehab and assisted living facility proposed last year for Piper Mill Road in Damariscotta is no longer in development.Portland-based developer Sandy River Co. cited rising costs, high interest rates, challenges with securing loans and staffing shortages in a Nov. 14 notice to LincolnHealth of its change of plans for Clippership Landing. The project’s estimated construction costs had risen to nearly $45 million. Sandy River Co.…

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Developer abandons plans for midcoast nursing home

A 102-bed nursing, rehab and assisted living facility proposed last year for Piper Mill Road in Damariscotta is no longer in development.Portland-based developer Sandy River Co. cited rising costs, high interest rates, challenges with securing loans and staffing shortages in a Nov. 14 notice to LincolnHealth of its change of plans for Clippership Landing. The project’s estimated construction costs had risen to nearly $45 million. Sandy River Co.…

·Bangor, United States
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Bangor Daily News broke the news in Bangor, United States on Friday, November 24, 2023.
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