The Finance Authority of Maine has approved a loan totaling $495,000 to help the developer of Thompson’s Point in Portland renovate a historic former rail building.
The renovation of the building known as Brick Burb is part of a larger, $3.3 million project involving the construction of a new building as part of a land swap designed to relocate Suburban Propane’s facility from Thompson’s Point to a replacement site on Riverside Street in Portland. The project also includes the demolition and cleanup of existing buildings on the site.
The loan is expected to help create and retain 12 Maine jobs, according to FAME, a quasi-independent state agency that provides financing help for educational and business interests in the state.
The Thompson’s Point redevelopment project is headed by Forefront Commons I principals Christopher Thompson and Jed Troubh. Since the project began in 2009, the 30-acre property has evolved from a derelict former railyard to a mixed-use project now home to a variety of Maine companies.
The area hosts outdoor concerts and also includes the Brick South event venue and an outdoor ice-skating facility. Current tenants include Cellardoor Winery, Bissell Brothers Brewing Co., Stroudwater Spirits Distillery and the restaurant Locally Sauced.
The Children’s Museum and Theatre of Maine plans to relocate to the site in a newly constructed building expected to open in the fall of 2019. The 148-room Hotel Portland, part of the Tribute portfolio by Marriott, also is on track to break ground in 2018 and open in 2020, according to FAME.
Send questions/comments to the editors.
-
Community
New cooking webinars to be offered March 9 and 23
-
Community
Predators: The Balance of Nature webinar set for March 10
-
Community
Ornamental landscape design webinar scheduled for March 10
-
Community
Living Well with Chronic Pain workshop to begin March 11
-
Boston Celtics
Tatum fuels late comeback as Celtics slip past Wizards
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi {SUB NAME}, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have one? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login to participate in the conversation. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.