Portland is experiencing a building boom.While many new buildings are under construction, several more are in the planning stages. New construction is occurring off and on the peninsula, from the West End to Munjoy Hill, from Bayside to North Deering. The India Street neighborhood is the site of many new projects in Portland and the neighborhood experiencing the most change. A new proposal for the Shipyard Brewing site for offices, hotel and residential use is currently under consideration by the Portland Planning Board. Here is an update on some other current projects:
The new WEX Headquarters on Thames Street is quickly taking shape. When finished the four story mixed use building will include 100,000 SF of office space for WEX, a local payment-processing service company. The first floor of the building will have some retail space and the roof will feature a rooftop garden and patio for the company's employees. The building's curtain wall construction takes advantage of the spectacular views from this waterfront site.
Just down the street at 20 Thames Street a new residential and retail building is taking shape behind the former Grand Trunk Office Building. The building is part of a campus of new buildings that includes the new AC Hotel, a new office building on Fore Street, and a planned mixed-use building on India Street. 20 Thames Street will include 28 condo units.
Scheduled to open this month is the 150-room AC Hotel by Marriot at the corner of Fore and Hancock Streets. The hotel has frontage on Fore, Hancock and Thames Street, with vehicular access for hotel guests off of Fore Street.
The new Mason Block is nearing construction at 62 India St. Three commercial spaces and parking are located below three levels of residential units. The project provides twenty-nine condominiums on the upper levels, nearly all of which are sold. the building is located in the new India Street Historic District.
Next door to the Mason Block at the corner of India & Middle Street a four-story building is now under construction that will be the new downtown branch for cPort Credit Union. The credit union will occupy the first and second floors, while a 3,000 SF condominium will occupy the upper two floors and the rooftop terrace. This building, like the Mason Block is located in the India Street Historic District.
Further up Munjoy Hill, a new 45-unit condominium building has been proposed at 218-220 Washington Avenue. Meanwhile, smaller scale development on Munjoy Hill continues following the sunset of the demolition moratorium and City Council adoption of the new R6 zoning regulations in early June. Greater Portland Landmarks continues to work with neighbors and the city to protect some historic landmark properties on Munjoy Hill later this year.
On the waterfont, a new office building is under construction near the head of Union and Widgery Wharves. It is the first project to be evaluated under new looser zoning regulations, enacted by the Portland City Council in 2010, that allow new buildings for non-marine uses within 75 feet of Commercial Street. The office building is one of three buildings proposed for the site. Just next door, a developer is pursuing a zoning change with plans for a hotel, parking garage, and restaurant on the site partially occupied by the Portland Lobster Company.
Approved Projects...Not yet under Construction
Currently in the Planning Process...