More new retail, restaurant space proposed on Stillwater Avenue

Posted Feb. 18, 2014, at 3:58 p.m.
Last modified Feb. 18, 2014, at 4:23 p.m.

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BANGOR, Maine — A Bangor commercial real estate developer hopes to build a restaurant and retail space near Bangor Mall Cinemas 10.

Carol Epstein, a partner in ERG Realty, LLC, which owns the property including the theater and its surrounding land, said Tuesday that ERG wants to build a 2,200-square-foot restaurant space and a 6,000-square-foot retail building in an underused parking lot near the theater.

What businesses would move in remains to be seen.

“We’ve had a lot of interest,” Epstein said in a phone interview. “We haven’t even announced the project or done a lot of marketing on it yet.”

She declined to say who the interested companies were.

The pair of buildings would be built between Stillwater Avenue and the movie theater, according to Epstein. The projected cost of the construction project wasn’t immediately available, she said.

The area has seen a boom in growth in recent years, with new businesses from Buffalo Wild Wings and Hobby Lobby to Sweet Frog and Kobe hibachi grill popping up in nearby developments.

“There’s a real strength in the retail market again, which we haven’t seen since before the Recession,” Epstein said.

The ERG-proposed buildings would be built near Stillwater on an underused parking lot extension for the cinema.

In an ideal world, Epstein said, construction should begin in May and wrap up in October or November, making way for the tenants. Epstein Commercial Real Estate will be the brokerage for the new development.

The city’s Planning Board is scheduled to decide whether to approve the site development plan during a meeting Tuesday night. Epstein said she doesn’t expect any hangups, as ERG has worked closely with the city in developing the plan.

“It’s going to be a great project and it’s going to be a nice space,” Epstein said.

 

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