The Portland Planning Board could vote Tuesday night (Feb. 14) on the first phase of a site plan for a massive hotel and condominium project downtown.
The project at 385 Congress St., which is next to City Hall and near the Press Hotel, an area that project developers Fathom Companies have taken to calling “Herald Square.” If fully developed, it would cost between $200-300 million.
Tuesday night’s public hearing and vote is for the first phase of the site-plan proposal, which calls for building a 12-story and 179-room hotel, nine condominium units and two levels of structured parking with spaces for 75 vehicles. The applicants are also seeking the board’s support of a traffic movement permit for the entire master development plan.
Since the last meeting, Fathom Companies added an additional floor to the hotel plans, which increased the size of the proposal by 20 rooms. In addition to the hotel rooms, the proposed development would create nearly 300 condominium units, more than 330 parking spaces, more than 12,000 square feet of retail space and a public park across all three phases of development, which require separate approvals.
The Planning Board approved a requested subdivision in late January for the project, into three parcels. Fathom, which manages the Press Hotel, will develop this new hotel, real estate development and investment firm Reger Dasco Properties will develop the condominiums.
The public hearing and potential vote on the site plan proposal was after the Phoenix’s print deadline.
