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Old 05-16-2019, 10:36 AM   #3484
Dr. StrangeHat
Senior Member
 
Join Date: Sep 2012
Location: Westbrook, ME
Posts: 364
Re: Portland, ME - New Construction Continued

It wouldn't surprise me if that ended up as a total gut job. It was left to neglect for far too long. If that's at least $10 million, then what use gets the most return on that investment, at least immediately? Probably hotel and residential. I could also see them tearing down the garage and replacing it with more building stock with garage underneath rather than just another garage.

All speculation on my part, though. I haven't heard anything other than rumors.
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