Portland approves $105 million Bayside project
A controversial $105 million high-rise development on a former scrapyard in the Bayside neighborhood in Portland gained the approval of the city’s planning board Tuesday night, but still faces the threat of a court appeal by the Keep Portland Livable group, which opposes the project. The group has 30 days to file an appeal.
As reported by the Portland Press Herald, the Miami-based Federated Cos. plans to build four 165-foot towers on Somerset Street over the next 10 years. Phase 1 of the plan includes 235 market-rate apartments in a 15-story building, a 705-vehicle parking garage and first-floor retail space.
When completed, the Bayside project is expected to have 650 to 850 apartments in four 15-story towers, 1,100 parking spaces in two garages and 100,000 square feet of retail space on the section of Somerset Street near Back Cove, the newspaper reported.
The planning board approval caps six workshops and two contentious public hearings on the midtown project. Critics said the project is out of scale with the rest of the city while supporters have touted its potential to revitalize that section of Portland.
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