PORTLAND, Maine — Developers in Maine have submitted plans to convert the downtown building that formerly housed the Portland Press Herald into a hotel and restaurant.
The development company, 119 Development LLC, is proposing a 110-room hotel and an 80-seat restaurant in the familiar yellow-brick building on Congress Street across from City Hall. The building has been empty since the Press Herald moved to the One City Center building in 2010.
The Portland Press Herald reported that Jim Brady, former president of the Olympia Cos., and Kevin Bunker, an advocate for downtown redevelopment, signed a purchase-and-sale agreement in June with New York developer John Cacoulidis.
Cacoulidis purchased the building in 2009 from MaineToday Media Inc., which owns the Press Herald and other media properties.