Needham, Ma – Needham Bank, with five branches throughout the greater Boston area, is slated to begin construction for the expansion of its Main Office at 1063 Great Plain Avenue in November. Completion of the 12,363 square foot complex is slated within a year.
The estimated $4 million project will be carried out in three phases. During the first phase, Needham Bank, in partnership with the Town of Needham, will begin renovations on the Eaton Square parking lot. Construction of the lot is scheduled to begin in mid-September.
In order to accommodate construction of the parking lot, the entrance to Eaton Square (off of Great Plain Avenue) and the present 59-space Eaton Square parking lot will be temporarily closed. However, 30 permitted parking spaces will available for use. Those using the 30 permitted spaces will be able to enter and exit the lot through Garden Street, which will become a two-way access. This first phase of construction is estimated to take between 4 to 6 weeks. At which point, a total of 59 parking spaces will be available at the Eaton Square lot, with 20 reserved for Needham Bank customer use and 39 for town parking.
Ultimately, upon completion of the estimated year-long Needham Bank reconstruction project, 126 parking spaces will be available, for use by the public and customers of the Bank. The Eaton Square entrance will be converted to a new pedestrian walkway.
The Main office renovation project will significantly expand the present building, estimated to be 80 years old. Main features of the new Needham Bank facility will include increased handicapped accessibility, major expansion of the Loan Department, and a free-standing, drive-up ATM.
The Bank will remain open throughout this entire project, with directions for entry clearly visible during the construction phase. However, customers are welcome to visit other near-by branches in Wellesley, Dedham, Westwood or Medfield or take advantage of the Bank’s many online and mobile banking services during this time.
“We’re excited that work on our new state-of-the-art full-service facility is about to begin,” said Jack McGeorge, CEO and Chairman of the Board of Needham Bank. “In addition to the benefits that this construction will bring to the bank and our customers, we are very pleased to be able to give something back to the town, through additional spaces in the Eaton Square lot, and with a new pedestrian walkway that will add convenience and aesthetics to the area.”