Published Date Written by David CarkhuffSince January 2007, the city lists more than $580 million worth of development, either built, under construction or in the planning stage. According to the The State of Portland's Economy report from Oct. 19, 2011, this list includes:
• "Bayside's Transformation," with $97 million in investment. Improvements include the Intermed building ($26.5 million); Southern Maine Student Housing ($19 million); Whole Foods ($15 million); Pearl Place ($12 million); Power Pay, the old public market ($10 million); Chestnut Street Lofts ($7.8 million); Gorham Savings ($4 million); Miss Portland Diner ($1.1 million); Bowl Portland ($1 million); Trader Joe's ($800,000); and Federated Companies' partnership with the city for a mixed-use development.
• Maine Medical Center, $170 million investment, including a garage, helipad, and East Tower; housing women and infants with a new birthing center; and a recently completed emergency department.
• Mercy Hospital's Phase I, $65.5 million, overlooking Fore River on 42 acres.
• Cumberland Cold Storage building renovation on the waterfront, five-story, 150-year-old building now headquarters for Pierce Atwood law firm, transforming long-vacant cold storage building into Class A office space, increasing the assessed value by $12 million.
• The 180-room Residence Inn by Marriott at 145 Fore St., $13 million investment.
• The 122-room Hampton Inn with 12 residential condos and Sebago Brewing restaurant at the site at 209 Fore St., $15 million investment.
• Ocean Gateway terminal on the Eastern Waterfront, $20 million investment.
• University of Southern Maine recently completed 59,000 square-foot LEED-certified Wishcamper Center renovation, a $13 million investment
• University of New England recently completed construction of its new School of Pharmacy, a $17 million investment.
• Portland International Jetport, $75 million expansion completed, a $25 million five-story parking garage.
• Rail passenger service to Boston, soon to be expanded to Freeport and Brunswick, a $44 million investment.