Developer of Former Village Cafe to Return to Planning Board; Informational Meeting Set for Tuesday, May 17th


Site of the New Village at OceanGate Where the Popular Village Cafe Once S tood

By Carol McCracken  (Post # 781)

The public is invited to attend an informational meeting to discuss plans to extend the expiration date of the site plan approval and the conditional zoning agregment for the proposed development – the Village at OceanGate.   The meeting is set for Tuesday, May 17th at 7 pm.  The address is 46 Market Street, Portland.   There is also a Bay House Model unit at the same address.

Demetrios Dasco, managing member, said that the developers will be attending a planning board meeting on May 24th in order to request a 15 month extension for the development.  The developers plan to build the  acre  into mixed use – 82 residential units along with retail and parking.

“Financing for developments like this have disappeared, but there is a huge demand for the units,” said Dasco in a telephone call to his Boston office. “But it’s getting better out there.  We are close.  There hasn’t been a large development like this in over  20 years,” he said.

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