NY Developer Buys Major Office BuildingThe New York developer who failed to win local permits to build Maine’s tallest hotel at Spring Point recently purchased the largest empty office building in South Portland, and has started to renovate it. I write about the property transaction and plans by Cacoulidis for the building in this week’s edition of the Current newspaper. The seller was a Middle Eastern royal family represented by a Boston company, Moulton said. The property owner was listed in South Portland tax records as Scarborough Holdings LLC, and the city had valued the property at $15.9 million. Moulton said renovations will focus on energy-efficiency, with a goal to bring the building to industry-level standards, known as LEEDS. Caccoulidis previously had tried to build a hotel complex, hospital and convention center on 22 acres he owns on South Portland’s waterfront. He had proposed connecting the complex to Portland by using an air tram across that people would take across the harbor. Caccoulidis and his wife live part time on a private island they own off the coast of Cumberland.
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Reader Comments
Albert A. DiMillo Jr. said
... Dan and others who want detail support of the $25 million bond alternative to the proposed $44 million proposal go to
Posted on 2010 08 22
From 'Ex-Planning Board Member to Run for Council'.
russellbest choice said
... wow, let’s see, we could vote for al dimillo, a person who is clearly best served as the citizen watchdog and rabble rouser he is (or maybe a school board
Posted on 2010 08 21
From 'DiMillo to Run for Council'.
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