Dirigo issues update on MaineGeneral redevelopment

Dirigo Capital Advisors has published a Report to the Community, a video in which the company’s president announces that the former MaineGeneral hospital complex on the city’s east side is already more than 50% leased.

The former MaineGeneral hospital complex sits on 20 acres of land in Augusta’s East Chestnut Street neighborhood, and its 250,000 square feet present a formidable redevelopment challenge. Kevin Mattson, president of Dirigo Capital Advisors, said it is his company’s responsibility to keep the community informed about progress at what many once feared would be a white elephant in Augusta’s downtown district.

“I know how important this structure is to the history of Augusta and Kennebec Valley,” Mattson said. “Nobody wanted to see it razed, and given its sheer immensity, I am pleased that more than half the space is already committed to future business tenants. It’s going to be a vibrant little section of town.”