Portland City Hall (Portland Phoenix/Colin Ellis)
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The Planning Board was slated to hold a vote Tuesday night on a massive proposed development next to City Hall.

The development project, called Herald Square, is for a large hotel and condominium project expected to cost between $200–300 million. If built, developers say that it would create nearly 300 condominium units, a 152-room hotel, more than 12,000 square feet of retail space, a public park and more than 330 parking spaces at the former site of the Portland Press Herald newspaper printing plant. 

All told, the development would be more than 365,000 sq. feet and occupy one city block at 385 Congress St.

The board is considering a subdivision request for the property into three separate parcels at the meeting, which occurs after the Phoenix’s print deadline.

The real estate development and investment firm Reger Dasco Properties, a partnership of New York- and Massachusetts-based developers focused on Portland, proposes to develop the condos. Fathom Cos., a firm headed by Portland-based real estate developer Jim Brady, will develop the hotel. Fathom also manages the Press Hotel across the street.

The plan is for Herald Square to be built out in phases, and each phase will require separate approval from the Planning Board.

The board tabled a vote on a cooperative housing development at 165 Lambert Street. That project aims to create at least 160 units of affordable housing in the North Deering neighborhood. The City Council approved the sale of 165 Lambert St. to developers in December 2020.

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