When one of Bangor’s most prominent areas changed hands last September, it was nearly 60 percent vacant. Owner Tim McClary said there is now only one vacancy in the buildings at Central and Hammond streets.

Real estate broker McClary and his partners at 207 Capital LLC purchased 1-35 Central St. In addition to 23 and 25 Hammond St. for $1.2 million on Sept. 1, 2022, according to city records. He added that their plan was to keep the space commercial and attract more businesses, which would complement the various residential projects downtown.

Most recently, Tom Bordeaux of Portland-based ArtStream LLC purchased 187, 189, 191, 193, 197 and 205 Exchange Street for $1 million from ANM Properties on March 3, city records show, but he has not publicly disclosed his plans. The stretch is known to some as the Nichols Block, which houses the Bangor Arts Exchange.

Leave a Reply

%d bloggers like this: