PORTLAND – Opechee Construction expects to break ground this fall on an estimated $18 million mixed-use development on Fore Street, according to the company’s president.
Mark Woglom, president of the New Hampshire-based company, said he expects construction to begin in late October on the development bordered by Fore, India and Middle streets.
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The project, which will add 180,000 square feet of offices, residences and first floor retail space to the Old Port, will take about 16 months to complete, he said.
The Planning Board last night voted 4-0 to approve the project, according to Barbara Barhydt, city development review manager.
The project is expected to include up to first-floor nine retail units, totaling 22,000 square feet, facing Middle and Fore Streets; 18 two- and three-bedroom condominiums on India Street; and nearly 640,000 square feet of office space.
A two-level parking garage for 115 vehicles is planned for the interior of the development.
Woglom said tenants have already committed to the project, but he would not say who or what types of businesses they were.
“I can’t say who they are until everything is all buttoned up and we have a shovel in the ground,” Woglom said.
The project, which received a $650,000 tax break to help pay for utility work, will complete the redevelopment of the former Jordan’s Meats site.
Last year, Opechee completed construction on a 122-room Hampton Inn hotel, along with 12 residential condominiums and first floor retail space, now occupied by Sebago Brewing Co.
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