Construction is expected to begin this summer on a 7-story condominium and retail development at the Bank One lot on Marion Street, said John Schiess, the architect representing the developer of the project.
The project, to include 42 condominiums and three storefronts, will occupy only a portion of the property adjacent to The Sanctuary condominiums directly to the east, Schiess said. Renderings of the development are not yet available, but it is expected that the project will feature two 7-story towers.
The development will not require village approval, as it fits within the envelope of allowed zoning. Schiess said he has met with Sanctuary neighbors regarding the project, but that he doesn’t expect the dimensions of the building will change.
“[The neighbors have] a range of concerns regarding the fact that [the new building] will be blocking their light,” he said, adding that though he did, for instance, take off one story of the Opera Club development at Marion Street and South Boulevard, this is a “different kind of negotiation.”
“This is more akin to a next-door neighbor coming to a dining room table and saying, ‘I’m going to put an addition on my house. How can I work to minimize the impact on you?'” he said.
Schiess said the building will include “more than enough parking” for residents of the development, but just how much public parking will remain available at the lot has not yet been decided. Currently, there are over 100 spaces in the lot.
Schiess said the bank currently has control of 40 spaces during operating hours, but that control will be turned over to the developer. He said he’s planning to work with the village on a possible agreement, following construction, where those spaces could be available to the public after banking hours are over.
Public parking at the lot will, however, be closed during construction, which may begin as early as June. Construction of the RSC project on Lake Street and expansion of the Holley Court Garage will also be taking place over this summer.
Schiess said the developer is also planning to install a “true-to-scale” two-bedroom condo unit, with a bay window, in the Bank One annex space.
