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Transformative Commercial Street project enters final phase

Transformative Commercial Street project enters final phase Developers of the former Rufus Deering Lumber site are seeking approval for an additional seven-story building. Closed in 2016, the former lumber yard now already hosts condos and a hotel. Brianna Soukup/Staff Photographer After transforming the former site of a landmark Portland lumber business into condos and a hotel, the developers of the Commercial Street property in Portland are asking the city’s approval for an additional seven-story commercial and residential building. The onetime home of Rufus Deering Lumber Co. is entering its next phase of development, as developer Reger Dasco Properties submits plans for a 65-foot-high building with 64 residential units and space for commercial use. The proposed building would stand at 387 Commercial St., near the intersection with High Street across from Becky’s Diner, and would cover 35,100 square feet.

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