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Zoning fix could help with sale of church-turned-condos in Portland's West End


A luxury condominium in Portland’s historic West End that was the subject of a failed auction in 2019 is back on the market with the Boulos Co. through a call for offers.
The Williston West Condominiums, at 32 Thomas St., is a 18,336-square-foot former church with existing cash flow from five tenanted units.
The Gothic-style Williston West Church underwent a partial restoration and redevelopment that began in 2011 into five one-, two- and three-bedroom units. The property also includes a vacant residential shell in the parish house. 
The property recently received an amendment to a conditional zoning agreement that allows for construction of up to six additional units.  ....

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Historic Old Port block of buildings sells for $11.7M


For the developer of Portland’s Canal Plaza, the acquisition of a neighboring block of three buildings was natural fit.
East Brown Cow Management Inc. bought the Boyd Block and Four Canal Plaza, at 178-188 Middle St. and 4 Canal St.,  from Middle Street Holdings LLC for $11.7 million.
Dan Greenstein of the Boulos Co. and Jennifer Small and Joseph Malone of Malone Commercial Brokers brokered the deal, which closed Jan. 19.
East Brown Cow owns neighboring One, Two and Three Canal Plaza and Fore Street Garage. The company’s president is Tim Soley.
“He was the natural buyer,” said Malone’s Jennifer Small, who represented Soley. “This particular asset made sense to Tim,” she said. “He essentially controls the entire block.” ....

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