BIDDEFORD, ME — Reveler Development marked a major milestone last week with the grand opening of The Eddy, a new 250-unit multi-family community located at 8 Eddy Avenue. The celebration, held on Thursday, July 24, brought together local leaders, project partners, and community members for an evening event capped by a ceremonial tree planting in the building’s courtyard.
The tree planting—symbolizing new beginnings and growth—earned praise from Biddeford city officials, including Mayor Martin Grohman, who joined Reveler CEO John Laliberte, President Tom Watson, Managing Director Michael Barton, and Joe Porta of Porta Capital Partners for the ceremony.
“The Eddy brings thoughtfully designed, high-quality apartments to a strategic area of our city,” said Mayor Grohman. “Housing that connects people to jobs, downtown businesses, walking trails, and ultimately to each other is what we want more of in Biddeford. Projects like this require vision, persistence, and strong partnerships with the city—we’re grateful to the development team for bringing this to life.”
The Eddy officially began welcoming residents in March and has already reached nearly 70% occupancy. The four-story, 200,000+ square-foot complex offers a blend of sophisticated design and natural accessibility. It sits just steps from the Eastern Trail and minutes from downtown Biddeford, emphasizing indoor-outdoor living with features such as private patios, walkable green spaces, and abundant natural light.
Reveler CEO John Laliberte credited the successful project to collaboration and community support. “Huge thanks to the team that made The Eddy possible—Penobscot General Contractors, Market Square Architects, our financing partners including Porta Capital Partners, and especially the City of Biddeford,” he said. “This is a place people want to live.”
Inside, The Eddy features open-concept layouts, stainless steel appliances, quartz and granite countertops, and matte black finishes. Amenities include a bocce court, sunroom, and a state-of-the-art golf simulator, all designed to enhance quality of life for residents.
Managing Director Michael Barton reflected on the development’s roots in the area’s natural surroundings. “The name and feel of this place were inspired by Biddeford’s connection to the Saco River, the seacoast, and the Eastern Trail,” he said. “The Eddy is a milestone—and a launchpad—for what’s next in Biddeford.”
The Eddy is currently leasing.
