PORTLAND — The city’s stock of affordable housing got a much-needed boost Monday with the opening of Pearl Place II, a complex of 54 one-, two- and three-bedroom apartments at 184 Pearl St. in the Bayside neighborhood.
U.S. Rep. Chellie Pingree, D-Maine, Mayor Michael Brennan and state Housing Authority Director John Gallagher were on hand for an opening ceremony hosted by Avesta Housing, the complex’s developer.
Portland-based Avesta is one of northern New England’s largest nonprofit developers, and manages more than 1,900 apartments in 31 Maine communities.
In July 2008, Avesta opened Pearl Place, a complex of 60 affordable apartments at 180 Pearl St. The completion of the second complex “is the culmination of Avesta Housing’s 10-year vision to build 100 new housing units in Bayside,” according to a company press release.
The developer is also nearing completion of 16 affordable condominiums on Munjoy Hill. That project began in September and is expected to be finished by the end of June, Avesta spokeswoman Mindy Woerter said.
Built on the site of the demolished Marada Adams Elementary School, the condominium complex will also include a playground and park.