Riverwalk Portland

grittys457

Active Member
Joined
May 25, 2006
Messages
748
Reaction score
0
With the newer news on this project, I figured we'd give it it's own thread. The Longfellow is now called The Watermark. The site is under construction but you can view the homepage. Link is in the article.
--------------------------------

Eastern Waterfront Project Breaks Ground

Riverwalk LLC and Intercontinental Real Estate Corp. have broken ground for the first phase of their joint residential and commercial development on Portland?s eastern waterfront.

The project includes the 185,000-square-foot Ocean Gateway Garage ? a six-story, 720-space parking structure to be located at the corner of Middle and Hancock streets. The $20-million facility is designed to provide parking to meet growing local demand and islander parking, as well as to attract tenants and redevelopment.

Riverwalk LLC is led by Swenson and Shipyard Brewing Co. owner Fred Forsley. They are partners with Intercontinental Real Estate Corp., a Boston-based real estate investment, asset management and development company.

The project is expected to provide 700 construction jobs, according to Joseph Gray, Portland city manager. The garage also will accommodate thousands of additional visitors, tied to the opening of the new Ocean Gateway passenger terminal next spring, he said.

South Portland-based Ledgewood Construction was selected as general contractor to manage the project. The garage is expected to open in late spring 2008.

The Ocean Gateway Garage marks the first phase of a 2.9-acre condominium and retail complex, with construction planned for this summer. The project is centered around 125 luxury condominium residences, previously known as The Longfellow Residences. It has been renamed The Watermark. The Watermark will include 30,000 square feet of retail shops and a five-story office building.

More information about the Watermark is available at www.thewatermarkportland.com
 

Back
Top