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News

News

Second phase of affordable Pearl Place housing complex the latest addition to Portland’s Bayside neighborhood


The Avesta projects promise to fulfill an area need for “multifamily residential housing,” which a 2000 city approved redevelopment vision for the neighborhood called “a critical component of an urban district.”

Bangor Daily News
By Seth Koenig
Feb. 17, 2013

PORTLAND, Maine — The latest in a wave of new projects to open its doors in Portland's Bayside neighborhood is the so-called Pearl Place Phase II, a 54-unit apartment building constructed on the former F.W. Webb warehouse site.

Pearl Place Phase I next door brought 60 units and opened in late 2007, and together, the campus occupies nearly a block of the neighborhood and, according to a project summary issued by developer Avesta Housing, "represents another major investment in the Bayside community stabilization strategy and will provide additional critical housing units to low-income families on the Portland peninsula."

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Contact Development and Communications Manager Sara Olson at 207-553-7780 x3352 or by email.