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Old 12-17-2017, 04:21 PM   #3088
TC_zoid
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Join Date: Apr 2014
Posts: 99
Re: Portland, ME - New Construction Continued

I know for a fact that Jim Brady holding off on that development until he knows what's happening with the oil reversal scenario. Reason is simple. His condos are directly across, and who would pay up to 1.75 million for a condo (going rate for penthouse now with the one next to the new Marriot going up) when they could spend that for an incredible home anywhere else on the coast?

Quote:
Originally Posted by Cosakita18 View Post
In reference to an earlier post / rumor that the redevelopment of 58 Fore St. was on hold until the Portland Pipeline lawsuit was settled

A Federal judge just ruled against SoPo in the city's motion to dismiss the suit. It looks like this lawsuit will be going on for at least another 2 years according to the PPH article.



http://www.pressherald.com/2017/12/1...eline-lawsuit/


So the question is, how will this impact the 58 Fore St. / Portland Foreside redevelopment?

Last edited by TC_zoid; 12-17-2017 at 10:33 PM.
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