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Deal for Saco Island land sets stage for $40M project

Historic Portland tower a step closer to housing, but affordability is a question

Developers who bought the People's United Bank building for $9.2 million in 2019 plan to convert the 10-story building in Monument Square into 63 one- and two-bedroom market-rate apartments.

Historic Portland building one step closer to becoming housing, but affordability remains a question

The developers who bought the Peoples United Bank building for $9.2 million in 2019 plan to convert the 10-story building at 465 Congress St. into 63 one- and two-bedroom market-rate apartments.

Developer proposes scaled-down housing project on Saco Island

Townhouse plan may be the one that works for Saco Island's undeveloped east side

The developer of mill space on the west side of Saco Island is proposing 12 duplex townhouses for the undeveloped east side, the site of several recent more ambitious but ultimately failed proposals. Ted Moore, principal of Saco Island Ventures LLC, has submitted a proposal to the Saco planning board to build 24 three-bedroom residential units on six acres along the Saco River. Moore has developed 43 apartments, as well as commercial space, in the mills on the west side of the island, which is divided from the vacant side by Main Street. The planning board Wednesday night got its first look at the proposal, and it is scheduled to be back before the board April 20. The project is represented by local attorney Paul Weinstein and South Portland-based Gorrill Palmer, which is the civil engineering firm presenting the project to the planning board.