“The University of Southern Maine has shed its last remaining dormitory in Portland and a local developer stands ready to breathe new life into the building.
“Bayside Maine LLC recently purchased the former Portland Hall at 645 Congress St. for $2.2 million, with plans to convert the main six-story facility to about 60 market-rate apartments, according to Greg Shinberg, a Bayside Maine LLC owner. The property, owned by the University of Maine System since 1989, went on the market in April with an original asking price of $3 million, according to Charles Day of CBRE / The Boulos Co., which brokered the deal. The system closed the 280-bed dorm in July and consolidated all student housing to its Gorham campus, including a 296-bed dorm that opened there last year.”