Cole Epley: World-Herald staff writer wrote:The Architectural Offices will lead the renovation. Dundee Bank plans to open in mid-2016. Also purchased were three condemned residential properties directly west of the planned bank branch property. Those properties will be demolished.
Curious what will happen to the land the houses sit on. Surface parking for the bank would be a disappointment with the momentum along Farnam.
Other than that this is another good investment. I did like how the article pointed out Premier and Security building branches in the area. Banks expanding and growing in East O when the trend is to disinvest in branch locations says a lot about the future of the area IMO.
daveoma wrote:I wonder what the bank will do with the land after they demolish those three buildings. Perhaps a new residential building?
I bet the bank uses it all. Between a drive thru window, parking for the branch and an extension on the back of the building(maybe) I think they will need all that land.
15 total housing units to be demolished to make way for bank. Noted and removed from the map. https://www.google.com/maps/d/edit?mid= ... sp=sharing
A new bank will be a nice addition to the area, hopefully they will also make loans for home improvements in that neighborhood.
U R my Helix wrote:15 total housing units to be demolished to make way for bank. Noted and removed from the map. https://www.google.com/maps/d/edit?mid= ... sp=sharing
A new bank will be a nice addition to the area, hopefully they will also make loans for home improvements in that neighborhood.
I would have to read the article again, but, didn't it mention how much they have invested in the community already?
Coyote, I did not intend anything negative about the bank, I think there are a lot of homes in the area that could use fix it funds, hopefully the bank has a community reinvestment program. The houses that were chopped up into apartments in that block had nothing special about them so far as I can tell.
Dundee Bank has financed a lot of projects in Dundee and along Farnam. I think they had a hand in the Aksaben Place development as well. They will be great for the district.
Dundee Bank also offers a great renovation loan option. If you want to purchase an old house but it needs a lot of work (as most of them do) and you don't have the cash for all the work, you can lump the construction costs into your mortgage (as long as you don't go over the projected resale value). It's similar to the 203K program offered by the FHA, but a lot less cumbersome. It definitely makes rehab costs more manageable.
Thinking there's not a whole lot to say anymore now that people listen & she has to make sense.
Cole Epley: World-Herald staff writer wrote:The Architectural Offices will lead the renovation. Dundee Bank plans to open in mid-2016. Also purchased were three condemned residential properties directly west of the planned bank branch property. Those properties will be demolished.
This really is the perfect use for this structure. It's going to look so natural as a bank branch, I doubt those who don't know the history will have any idea it used to be a service station.
I do hope they make efficient use of the space the houses are on. It's probably just going to be parking, though, and with all the infill on existing surface parking down the street, it's not worth feeling sad.
Cole Epley: World-Herald staff writer wrote:The Architectural Offices will lead the renovation. Dundee Bank plans to open in mid-2016. Also purchased were three condemned residential properties directly west of the planned bank branch property. Those properties will be demolished.
The properties adjacent to McFosters were combined with it in a replat. So the name will live forever.
McFosters-38074328.jpg (152.86 KiB) Viewed 5637 times
Not sure if they are reclaiming some of the materials from the homes they are tearing down behind the Dundee Bank location. They seem to be demoing awfully delicately.
I got to see the inside of the New Dundee Bank (old McFoster's Cafe) The place turned out really cool. There is a cool mix of new and old. There are plenty of the original floor and tile walls is some areas. One really cool thing I saw was that the "desk drawers" behind the tellers were actually craftsman tool boxes!
Was McFoster's Cafe two stories? I never went to McFoster's Cafe, but the new bank is two stories. The stairs looked and felt old, but I don't know if they were re-claimed or original. Upstairs is just office space, I am assuming the public will never go up there.