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.