Phoenix Flats is located at the corner of Franklin and Middle Street in Portland, and offers 45 units of affordable housing for older adults (62+ years old), and/or people with disabilities.

 

Designed to achieve PassiveHouse certification, construction began in September of 2021, and was completed in 2023. 

 

The project includes a commercial storefront along Middle Street, and a covered parking garage. 

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Size

• 45 Units

• Unit mix: ​

  • 0 bedroom: 27

    • Units range from 483 - 600 square feet

  • 1 bedroom: 18

    • Units are 572 square feet

• 39,000 Square Feet

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Target Population

• Older adults (62+), People with Disabilities

• People at or below 50% area median income (27 units)

• People at or below 60% area median income (18 units)

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Amenities

• Professionally managed

• 24-hour emergency maintenance

• Smoke-free building

• Elevator

• Community room

• On-site laundry

• Limited on-site parking

• Intown location close to amenities 

• Passive House Certified

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Construction Type

• New Construction

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Financing

• 4% Tax Credits

• 4% Maine State Affordable Housing Tax Credit

• Construction Lender: Maine State Housing Authority

• Commercial Lender: Bangor Savings Bank

• Syndicator: WNC

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Development Cost

• Estimated $15.9 million

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Year Completed

• Completion Date: 2023

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Development Team

• Construction Manager-at-Risk: Allied Cook

• Architect: CWS Architects

• Property Manager: Preservation Management, Inc.

• Legal Counsel: Drummond Woodsum

• Accountant: Otis Atwell

• Sustainability Consultant: Thornton Tomasetti

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Sample Floor Plans: