The Fulton Bank on Main Street has been demolished to make way for a new, mixed-use building.
However, the bank – which plans to move into the new building once it’s complete – is continuing to operate in trailers during the construction.
Lang Development Group, which received approval for the project last year, is planning to build a three-story building containing 6,000 square feet of retail space and covered parking spaces on the first floor, and a total of 30 apartments on the second and third floors. Fourteen of the 30 apartments will have three bedrooms, and the rest will have two, for a total of 74 bedrooms.
A rear parking lot will extend into a grassy and wooded area behind several Tyre Avenue houses. That area is part of the bank property but is currently undeveloped.
Fulton Bank will return to the new building, taking up about half the retail space, and it will have a drive-thru window like it did previously. The bank will be joined by one or two other retail tenants, which have not been announced.
Chris Locke, senior vice president and general counsel for Lang Development, said last year that he hopes the property will attract “specialty retail” shops similar to those already located at the east end of Main Street, like Bing’s Bakery and Locke’s tuxedo shop, Formal Affairs.
“That area has already shown that can be done,” Locke said, noting that rent is cheaper on the east end than closer to campus, making it more feasible for smaller shops.
Locke said Fulton Bank has lent Lang money for several of its other development projects and approached the company about buying the property and replacing the old concrete building, which Locke described as “a bunker” and “an ode to 1970s architecture.”