Broad St: Movement on the Central Bank Building
The first stages of construction on a long dormant downtown skyscraper are taking shape.
More than $500,000 worth of building permits were issued in late October for work on the Central National Bank building at 219 E. Broad St.
The permits, which authorize interior demolition and renovation, scaffolding, and barricades, are the first major public signs of progress toward the planned rebirth of the 23-story, 240,000-square-foot tower.
Washington-based Douglas Development Corp. plans to transform the former bank building into more than 200 apartments. Cindy Morris, asset manager for the developer, confirmed that Douglas plans to begin construction in the coming months. W.M. Jordan has been awarded the contract for this initial phase of the development approved in the permits.
“We’re in the beginning,” Morris said. “It’s very preliminary.”
In addition to adding hundreds of apartments downtown, the finished product will feature a section of first-floor commercial space. Douglas Development has had discussions with potential tenants for the ground floor space, Morris said, but has not signed any leases. The company plans to have the apartments ready in 2015, she said.
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