PORTLAND (WGME) -- Demolition has begun at the historic former B&M Baked Beans factory in Portland.

Also read: Portland leaders get look at proposed zoning changes at B&M Baked Beans factory

The building was sold to the Institute for Digital Engineering and Life Sciences and will be the new home of the Roux Institute, which is part of Northeastern University.

It will include academic buildings, student housing, and a hotel and retail space.

• Also read: Portland's historic B&M factory sold after more than 100 years

The B&M plant was more than 100 years old.