Former Press Herald building eyed as boutique hotel

Two developers have signed a purchase-and-sale agreement to buy the former Portland Press Herald Building at 390 Congress St. The building is near the historic Old Port District and across the street from City Hall.
Jim Brady, former president of the Olympia Cos., and Kevin Bunker, a downtown redevelopment advocate and developer, plan to convert the now-gutted building into a 100-room boutique hotel with a first-floor restaurant, according to