What does the future hold for the recently sold Bangor block?
Photo / Laurie Schreiber
The six buildings on Exchange Street between its intersections with State and York streets that were sold for an undisclosed price on Oct. 26.
The new owner of the six-building block in downtown Bangor said during a tour of the 53,000-square-foot space that he’s open to any ideas about what to do with the space “just so long as it adds value back to Bangor.”
Adam Moskovitz, the CEO of the Bangor-based ANM Properties, told the Bangor Daily News that he wants to preserve as many of the historic features of the property as he can, including the mosaic flooring and marble wainscoting in the lobby of a former bank at the corner of State and Exchange streets.
Other historic features include ground floor vaulted ceilings that are at least 10 feet high, which Moskowitz said could be heated more efficiently with modern technology. A half-finished bar highlights a ballroom that Bangor Economic Development Director Tanya Emery told the BDN could be a small-scale events center.
Emery added that the city will work with Moskovitz to help connect him with preservationists to assure any work on the buildings will meet historic standards.
Mainebiz will have more details about the Exchange Street block in an upcoming edition of the Real Estate Insider, along with other top Maine real estate news. Not subscribed to the weekly newsletter? It’s as easy as ever to do online.
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