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Owners Developers & Managers
Posted: March 27, 2014
Lewis of Vidal Wettenstein, LLC completes $2.7 million restaurant sale
Robert Lewis, partner at Vidal Wettenstein, LLC completed sale of a well-known restaurant site located at 60 Charles St. This 5,728 s/f building on .55 acres was the home of the Arrow Restaurant, then Jasmine Restaurant, and most recently the Blu Parrot.
Lewis was the sole broker involved in this $2.7 million transaction between Liu and Chu, Inc., seller and Summit Development, LLC, the buyer. Legal counsel for the Liu family who owned and operated the Jasmine Restaurant at this site for 15 years, was provided by Charles Johnson of Westport-based Ottomano & Johnson Law firm.
The new owners are entertaining interest from several prospective tenants, who ultimately will add to the allure of this evolving Saugatuck neighborhood.
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Colwen Hotels celebrates opening of the first hotel in Portland’s Thompson’s Point - Residence Inn by Marriott and Moxy Hotel
Portland, ME Colwen Hotels celebrated the opening of Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, the first hotel in the city’s Thompson’s Point district. Developed by XSS Hotels and managed by Colwen Hotels, the five-story, dual-branded property introduces 148 guestrooms to one of southern Maine’s fastest-growing waterfront destinations.
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