The city of Westbrook has found a new developer for Saccarappa Park after a previous developer failed to negotiate financing for a seven-story structure on the downtown park.
Flannery Properties will be developing a variation of a design that owner Tim Flannery presented to the city in the spring in response to a request for proposals.
Flannery met Thursday morning (Nov. 9) with the Saccarappa Park Redevelopment Committee established by Mayor Bruce Chuluda, presenting the committee with a design for a four-story structure incorporating retail, office and residential space.
Flannery Properties has a long history in Westbrook. The company is responsible for the redevelopment of the Dana Warp Mill and the construction of the One Riverfront Plaza office building.
Flannery told the committee he was willing and ready to move forward with negotiations, and the committee agreed. Flannery is now expected to present the city with more formal plans for the project, including a construction timetable, a marketing plan and proof of financial viability.
For a complete story, see the Nov. 16 issue of the American Journal.
A rendering of Flannery Properties proposal for Saccarappa Park in downtown Westbrook. On Nov. 9, the city and Flannery Properties agreed on a proposal for developing the park.Send questions/comments to the editors.
