It has been reported that J.B. Brown & Sons, a Portland Maine development company, is purchasing 10.5 acres from a railway company on West Commercial Street with the intention to develop into a mixed-use area, including offices and residences.

The parcel, currently owned by Portland Terminal Co, lies between Benny’s Famous Fried Clams and the Star Match Company. J.B. Brown is asking the city to rezone about 8.5 acres of the property between 113 and 201 West Commercial Street to allow mixed-use development.  It is currently zoned primarily for marine industrial uses.  A portion is also zoned for residential use higher up on the hill.

When the sale is finalized and work completed J.B. Brown could invest as much as $30 million into the property.

The plan that has been submitted along with the zoning request includes three-story office building, which is expected to be discussed at a public workshop on November 8th.

By Published On: November 8, 2011Categories: Business News, Commercial Real Estate

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About the Author: Michael

Michael, along with his wife Laura, is co-owner of Maine Home Connection, an independent real estate company located in Portland. Maine. Together they started the brokerage from scratch with a new vision of what a company could look like if it focused completely on the needs of our clients and our agents.

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