Congratulations to our clients at Connecticut River Capital for their recent purchase of 465 Congress Street and their plans to get Portland’s first skyscraper ‘back to where it should be,’ as mentioned in the Portland Press Herald.
Criterium Engineers was engaged to perform a Property Condition Assessment, which was conducted by Campbell Grant, P.E., prior to Connecticut River Capital’s purchase of this iconic building. A PCA is the gold standard for building inspections, conforming with national standards set by the American Society for Testing and Materials (ASTM), and Standard and Poor’s.
Portland’s first high-rise—at ten stories tall—was built in 1910 and is historically known as the Fidelity Trust Building, but more recently called the People’s United Bank Building. It is located in the center of downtown Portland, Maine, at Congress and Preble Streets, near Monument Square. Criterium Engineer’s corporate headquarters was once located across from this property.
We look forward to seeing the work Connecticut River Capital will do to create the next rendition of this historic Portland property. .