Sam Tenney//March 18, 2015//
The Portland Development Commission is seeking a developer to give a new lease on life to a long-vacant historic building at the foot of the Steel Bridge in Old Town Chinatown. The nearly 7,000-square foot brick structure was built as a fire station in 1913, and was used most recently as office space in 2000 before being vacated due to structural and code issues.
The commission acquired the property in 1987 and in its acquisition and redevelopment last month. Evaluations completed last year by the PDC found that the building needs repairs totaling more than $6 million – nearly $1 million in seismic and MEP upgrades, and up to $5.5 million for either a new mat foundation or drilled piers to mitigate settlement and lateral movement in the event of seismic activity. Proposals are due this Friday at 5 p.m.