The Federated Companies Awarded the Contract to Purchase Land in the Bayside Development Area of Portland, Maine

The Federated Companies, a leading national real estate investment and development firm, is pleased to announce that it has been awarded the contract to purchase seven lots of land totaling 3.25 acres in the Bayside Development area of Portland, Maine.  The land is located on Somerset and Elm Streets, is currently owned by the City of Portland and received unanimous approval from the City Council of Portland to be sold to The Federated Companies.  The Federated Companies’ worked diligently to incorporate the city’s concept into the master plan for the mixed-use site which includes housing, retail, a medical office, and a public parking structure.  The company will continue to develop the master plan and timeline with the city. 

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Florida Real Estate Journal – July 7, 2011

Multihousing News Online – July 12, 2011

Posted on July 6th, 2011 in Property Transactions