Sun Life, Portland Foreside break ground on Portland waterfront office complex – Mainebiz

16December 2020

Building is underway on a 100,000-square-foot office complex that will bring group advantages company Sun Life Financial Inc. to Portland’s growing downtown on the eastern waterfront.

Agents of Sun Life (NYSE: SLF), developer Portland Foreside and public authorities held a virtual groundbreaking event Tuesday to commemorate the start of the building at 58 Fore St., on the previous Portland Co. complex.

Sun Life has 500 workers at workplaces in Scarborough and South Portland, and will occupy about 77,000 square feet of the structure. It’s anticipated to be total in 2022.

The project, announced in September 2019, will ultimately also consist of dining, hospitality and entertainment places, and a feature never ever prior to available to the city– direct access to the waterside through picturesque public park plazas.

Sun Life stated it has actually adjusted its prepare for the space because of the pandemic.

“Based on what we’ve learned over the previous nine months, we are evolving our approach to the future of work, and with it our vision for using our new modern workplace,” Dan Fishbein, president of Sun Life U.S, stated in a news release. “We are thrilled to see the brand-new area start to come together as construction moves on.”

The business also stated it has made commitments to work with a growing swimming pool of workforce talent in Portland. The contracts include a just recently announced partnership with Northeastern University’s Roux Institute to train and hire workers in information science, and apply these skills to actuarial sciences and other areas of the insurance market.

“We are anticipating working with regional education partners to develop brand-new skill, while also taking advantage of the Portland location’s disability insurance cluster to add to our existing team,” said Fishbein.

Casey Prentice, managing partner at Portland Foreside, said in the release, “Our vision for this area has been a long period of time coming, and we’re enjoyed get underway and produce a destination area for Portland locals and travelers alike. Having a significant company existence and company like Sun Life as our first local reveals the potential of this terrific place.”

City Supervisor Jon Jennings included, “Portland continues to grow as a hub for service, drawing trainees and experts with varied backgrounds from all over the nation. With an enduring existence in Greater Portland, I’m delighted to see Sun Life developing a new office right in the heart of the city, supporting an area in which individuals will want to work, store and live.” Source


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