PORTLAND, Maine–One credit union here has an unusual item for sale: a $2-million condominium.
cPort Credit Union has listed a luxury condo on the top two floors of its newest branch in Portland’s East End. The 2,570-square-foot residence, listed this week by Legacy Properties Sotheby's International Realty, is in one of the city’s hottest development areas, with a view of the waterfront, according to Mainebiz. The credit union told the publication the residential property is a first-time event, and that it did so to make the most of the two floors it couldn't use for office space without a required second stairwell.
"We're maximizing the value of this property," Gene Ardito, cPort's president and CEO, told Mainebiz, adding the credit union could have listed the condo even before construction, but held off until completion because "we felt this was the kind of space you had to see."
cPort bought the land in 2015 prior to a building boom that has attracted newcomers, Mainebiz reported.
Quartz Countertops, Private Elevator
The property includes quartz kitchen countertops, an interior bar area that leads to the outdoor rooftop terrace and Sonos smart-home technology to control everything from lighting to music. The condo has its own entrance and elevator, and offers a walkable neighborhood and waterfront access, the publication stated.
The buyer of the condo will co-own the building with cPort and will be the sole resident in a secure building surrounded by cameras, Ardito told Mainebiz.
The credit union’s branch is on the ground floor and was described as bright and cheerful with four teller stations and an Apple-inspired "technology bar" equipped with iPads. It includes floor-to-ceiling windows that let in lots of natural light, and a 1923 photo of an Italian bank, Banco di Napoli, that stood on the corner lot at the time.