Danny Warman, first vice president of real estate investmentsfor Coral Gables, FL-based Bayview, tells GlobeSt.com thatgroundbreaking on the project is set to begin this fall at whichtime about half of the units are expected to be sold out. All ofthe units will be completed by the summer of 2008.

"We love the fact that we have Acadia National Park borderingour property," says Warman, noting that the complex, which is seton a hill adjacent to the park, will offer sweeping ocean views ofthe Atlantic. "Bar Harbor is such a beautiful destination, wethought there was a need for a luxury development so we decided topartner with Fairmont Hotel & Resorts."

The project, known as The Fairmont Residences at Bar Harbor,will reflect traditional Maine architecture and featurethree-bedroom, 2,425-sf townhouses, some with an optional fourthbedroom, along with a fitness center, heated outdoor pool and spa,and a private media and billiard room. Residents will also haveaccess to on-site concierge service.