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Proposed 18-story tower could ease Portland's housing crunch, alter skyline

If it becomes Maine’s tallest building as expected, an 18-story apartment tower to be built in downtown Portland would claim a title that hasn’t changed hands in over half a century. Or, depending on the measuring stick, the “tallest” distinction could remain with a structure in Lewiston that’s held it since 1890. One thing is clear: Redfern Properties’ proposed 190-foot building at 200 Federal St., Portland, would be the first new high-rise to rise anywhere in Maine for over a deca...
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Proposal for Portland's tallest building clears hurdle - Portland Press Herald

Proposal for Portland’s tallest building clears a hurdle A zoning amendment to allow an 18-story apartment building downtown was endorsed by the Planning Board, but still needs City Council approval. Share This digital rendering shows the proposed 18-story apartment building, right of center. It would be taller than any building in Portland, including the 13-story One Center Center, at left of center in this image. Courtesy of Redfern Properties/Ryan Senatore Architecture A proposal to buil...
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Historic Old Port block of buildings sells for $11.7M

For the developer of Portland’s Canal Plaza, the acquisition of a neighboring block of three buildings was natural fit. East Brown Cow Management Inc. bought the Boyd Block and Four Canal Plaza, at 178-188 Middle St. and 4 Canal St.,  from Middle Street Holdings LLC for $11.7 million. Dan Greenstein of the Boulos Co. and Jennifer Small and Joseph Malone of Malone Commercial Brokers brokered the deal, which closed Jan. 19. East Brown Cow owns neighboring One, Two and Three Canal Plaza and For...
East Brown Cow United States New York Old Port Tim Soley Joseph Malone

Pandemic creates winners and losers in Maine's commercial real estate market

Pandemic creates winners and losers in Maine’s commercial real estate market Grocery and home improvement stores, as well as industrial spaces, are booming, but many restaurants have closed and new office development has ground to a halt. Share A “for lease” sign stands outside a building at Monument Square in Portland on Wednesday. Although many commercial real estate sectors appeared to be in dire straits last spring, some, such as industrial and residential buildings, are more in dema...
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