Portland, Maine, To Develop New Neighborhood

Despite a cooling real estate market, developers and city officals are moving forward on plans to develop a new neighborhood along Portland's eastern waterfront.

1 minute read

October 10, 2006, 7:00 AM PDT

By Mike Lydon

"Portland's effort to develop a new neighborhood on its eastern waterfront will show signs of progress in December.

That's when construction of a 719-space parking garage is scheduled to start at Fore and Hancock streets as part of the $100 million Riverwalk project.

The project includes The Longfellow at Ocean Gateway, a 116-unit luxury condominium complex with 80 underground parking spaces. Construction of that phase of the project is expected to start in the spring, lead developers Drew Swenson and Fred Forsley said Thursday.

Riverwalk LLC is moving forward after forming a financial partnership with Intercontinental Real Estate Corp., a Boston-based asset management and real estate development company. Intercontinental has built several residential and commercial projects in Boston, Providence, R.I., and New Haven, Conn., said Nicholas Iselin, the company's development and construction director.

'Portland is just a logical extension of our strategy to build in New England,' Iselin said. 'Portland is a destination for many different people for many different reasons.'"

FULL STORY: Riverwalk: Parking garage due to rise; luxury condos to follow

Friday, October 6, 2006 in Portland Press Herald

Urban Development Maine

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Start Learning

Advertise with us

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.