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“This is one of the most significant projects the downtown has seen in decades,” said City Manager David Troast.
Developer Heritage Capital contracted with Hollister Construction Services to begin interior demolition and renovation of 210 and 214 Main St. for the redevelopment plan.
The plan calls for 127 residential units, the addition of an eleventh floor and close to 4,000 square feet of retail space.
Project amenities will include lobby reception, a Wi-Fi lounge, valet parking and porte-cochere, a game room, a convenience store and a private fitness facility.
The basement will provide secure private storage compartments, a bike storage room and laundry room, as well as additional spaces for residents.
The building has housed several banks in its 90-year history, including Bank of America most recently.
Retail establishments and restaurants will be on the first level, as will a portion of the existing vaulted ceiling lobby.
“The influx of residents from this and other residential projects in the area will have a tremendous positive economic impact on Main Street,” said Mayor John Labrosse.
Labrosse and the council approved the redevelopment plan in October of 2015. The final site plan was approved by the city's planning board earlier this year.
“This building was here long before us and this project guarantees it will be here long after we’re gone," said Jerry Lombardo, chairman of the Main Street Business Alliance. "It is a testament to the downtown’s resilience.”
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