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Whether for science, education, youth programming, the marine trades or aquaculture businesses, we invite all at Sea Meadow and believe the best path to ensuring the blue economy survives —is to give it a place to thrive.
- 123 Even Keel Road Yarmouth, ME, 04096 United States
- info@seameadow.org
Dec 20, 2021 · Local sea farmers, dock and boat builders, business innovators, land use specialists, neighbors, and Coastal Enterprises, Inc. (CEI) collaborated with Sea Meadow Marine Foundation to acquire and protect twelve acres of working waterfront in Yarmouth, Maine.
- Good Match
- Creative Deal
- Aquaculture Interest
- Forming A Nonprofit
- Bootstrapping
The purchase price was $1.22 million, Kirk Butterfield of KW Commercial Group at Keller Williams Realty told Mainebiz. “I think it’s a fair price and a win-win deal for both parties,” said Butterfield, who represented the sellers. There was plenty of interest from potential buyers who had ideas for converting it to residential, he said. That wasn’t...
Butterfield began working with the sellers nearly four years ago and engaged with Chad Strater approximately two years ago. “So this was a deal that took some time in the making,” he said. “Ultimately, in order to make this deal work, we employed a master lease and a lease-back strategy so that the buyer could begin to organize the boatyard the way...
About two years ago, he began introducing the property to friends in the aquaculture industry who were using public waterfront access sites for their operations. “There’s a lot of shuffling of equipment and logistics that has to happen to make aquaculture work from a public access point,” he said. Since then, over half a dozen aquaculture firms hav...
Strater said he began looking into the acquisition about three years ago when a local oyster farmer told him the parcel was on the market. Strater, Planson and other marine professionals in the area joined together to form a volunteer board of directors and start Sea Meadow Marine Foundation, with the goal of preserving 123 Even Keel Road and other...
Improvements to the property up to now has been a bootstrap affair of clearing debris. “We hadn’t owned it, so we haven’t been able to get permits to rebuild infrastructure,” he said. “Now that we own it, we plan to move forward with going in front of the town with a full plan of what we’d like to do with the property, depending on what we’re able ...
Sea Meadow Marine, Yarmouth, Maine. 55 likes · 1 talking about this · 6 were here. Sea Meadow is a 501(c)3, fully-volunteer nonprofit that preserves Maine's working waterfront.
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Dec 2, 2022 · Sea Meadow Marine Foundation's goal is to preserve a Yarmouth boatyard at 123 Even Keel Road as working waterfront. Strater, who led the acquisition, has seen the vision materialize.
Dec 27, 2021 · A newly formed nonprofit called the Sea Meadow Marine Foundation purchased the 12-acre working waterfront property this month with plans to preserve and expand it.
Jan 3, 2023 · Funded by a USDA loan via Coastal Enterprises Inc., Sea Meadow Marine Foundation acquired the boatyard in December 2021 for $1.22 million. For Strater, the preservation was personal.
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