Blog 021020 Thedowns 2 Opt
Photo Credit: Tim Greenway

At The Downs in Scarborough, a ‘live-work-play’ community springs to life

Like harness racers driving down the stretch, some companies big and small are racing to The Downs, a new mixed-use development in Scarborough.

Crossroads Holdings Inc., formed by two sets of local brothers to buy the 525-acre site for $6.7 million in January 2018, aims to create a “live-work-play” community with residential, commercial and recreational features, including 10 miles of new trails.

Linking the residential development on the Route 1 side and the commercial development toward Payne Road, a town center near the existing Scarborough Downs racetrack and grandstand will include a sports complex and a public park. That will serve as a new anchor for the 20,000-population town.

“It’s a legacy thing for us, right in our home town,” says Crossroads Holdings principal Roccy Risbara. “This is going to take a long time, but I’m pleased with the progress we’ve made, and the big users we’ve attracted so far will help us set the tone and the pace of the project.”

That includes Bedford, Mass.-based ESG Associates, which plans to put up a sports complex that could include pools, ice rinks and indoor and outdoor fields, as per an agreement signed last year. Still to be decided are whether the town will opt to become the lead tenant with a community center inside or build a standalone facility on its own.

As for the Scarborough Downs racing facility leased by the Terry family that sold the property to Crossroads in 2018, Risbara says they’ll continue to operate it in 2020 with an option to continue in 2021.

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Source: mainebiz.biz