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Old 06-07-2018, 03:54 PM   #621
cneal
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Re: Portland Bayside

Oops, you're right! I just double-checked the city's parcels map Jackrabbit only owns the VA/Chase Leavitt/SMRT warehouse, while Cohen owns the WEX site to the south and the Hamilton Marine warehouse at 100 Fore to the north.

Interestingly, the city still owns a narrow strip of land between the two warehouses, an old railroad ROW. Hopefully they can use that to encourage a land swap between the two private owners and extend Mountfort St to the waterfront as planned.
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Old 06-14-2018, 10:46 AM   #622
Max
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Re: Portland Bayside

Groundbreaking is set to begin today on one of the parcels the City recently sold to various developers in Bayside:

http://www.mainebiz.biz/article/2018...180619970/1092
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Old 06-20-2018, 06:44 AM   #623
PortlandArch
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Re: Portland Bayside

https://bangordailynews.com/2018/06/...ect-dismissed/
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Old 06-20-2018, 08:48 AM   #624
Dr. StrangeHat
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Re: Portland Bayside

Well, hopefully the lawsuit being settled frees the land up to be sold and developed by someone else. I'm tired of waiting for Federated to do something. I can't blame them for everything the city and Keep Portland Livable put them through (and the potential losses they've incurred because of it), but it's time to move on and find someone willing and able to develop the property.
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Old 09-19-2018, 06:26 PM   #625
Cosakita18
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Re: Portland Bayside

If anyone was still holding out a sliver of hope that Midtown will ever be built, I found out from a friend in city government that Federated no longer exists as a company, the land is now owned by a shell company. Final nail in the coffin for the project.

The city is trying to get the land back
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Old 09-20-2018, 11:08 AM   #626
PortlandArch
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Re: Portland Bayside

Quote:
Originally Posted by Cosakita18 View Post
If anyone was still holding out a sliver of hope that Midtown will ever be built, I found out from a friend in city government that Federated no longer exists as a company, the land is now owned by a shell company. Final nail in the coffin for the project.

The city is trying to get the land back
Interesting news ... was it someone from the planning department, or someone higher up? Trying to gauge how credible your source might be. Also, did they have any other updates about the project or when they might be taking the land back?? Thanks!
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Old 09-21-2018, 07:50 AM   #627
Dr. StrangeHat
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Re: Portland Bayside

I wouldn't be surprised if this whole fiasco up-ended Federated as a company. You can't pour millions of dollars into planning something on this scale and get nothing out of it. Banks and financiers do not like a negative return on their investment.
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