PORTLAND — A section of Fore Street will be reduced to one lane for more than a year to accommodate the construction of a hotel, the city said Thursday.
From next week until May 2014, traffic on the section of Fore Street from Dana Street to Union Street will be one-way, heading west, to make room for construction of the Hyatt Place Portland hotel.
Delays around landing a large commercial tenant will likely hold up an $18 million Old Port development until next year.
The Portland Press Herald reported that New Hampshire-based Opechee Construction was slated to begin work on the project at 203 Fore St. this fall.
Designs for the 180,000-square-foot project at the site of the former Jordan's Meats include nine retail units, 18 condominiums, 640,000-square-feet of office space and a parking garage that can house over 100 cars.
Congratulations to Karen Rich on being named Maine's 2012 Broker of the Year by the Maine Commercial Association of Realtors. Karen Rich, Broker and Vice President at Cardente Real Estate, has played an integral part in the creation and success of our company.
Since 1991, Karen has been a commercial broker special- izing in the sale and leasing of investment, retail, and office properties throughout the State of Maine. Some of Karen’s more notable transactions include the $15,000,000 sale of the Custom House Garage in Portland, the redevelopment and leasing of the retail corridors off of Western Avenue and Gorham Road (developments that literally have changed the entryway of South Portland’s Retail District), and just this Summer, the re-tenanting of 15% of office space at the Peo- ple’s United Bank Building at 465 Congress Street in Down- town Portland.
Karen is currently on the Board of Directors for the Maine Commercial Association of Realtors and was the Keynote Retail Speaker for the 2012 MEREDA Conference. Please help us congratulate Karen Rich on such a remarkable achievement.
