The new bank will be approximately 2,700-square-feet with a one-lane, ATM-only drive-through, said Bruce Dierking, one of the owners of the property leased to the bank. Bank of America will construct and own the building, he said.
The land is owned by 28th Street LD LLC, a partnership made up of Dierking, developer Jim Loftus and Integrity Retail Partners LLC, the entity that owns Hazel’s. Integrity Retail Partners is made up of Loftus, Dierking and his wife, Carleen, plus 40 passive investors.
The pad is located south of Wahoo’s Fish Taco fast-food restaurant and north of Denver Mattress. A Wendy’s fast-food restaurant previously occupied the site.
Building plans have been submitted to the city of Boulder for approval, Dierking said Wednesday. “We expect work to commence in early 2015 with the bank opening by third quarter of 2015.”
Denver-based Gensler & Associates is the architect of the project. The civil engineer is Boulder-based JVA Inc., and the landscape architect is StudioTerra Inc. in Boulder. The name of the contractor has not been released.
Bank of America announced Monday that it had signed a lease for the branch in Boulder without disclosing the address, size of branch or the landlord. It also announced Monday that it signed a lease for a flagship location at Fillmore Place in the Cherry Creek neighborhood of Denver that it plans to open by the end of the this year, and that a property for a banking center in Highlands Ranch is under contract for purchase.
The branches in Boulder and Highlands Ranch will be full-service traditional banking centers, with tellers, small-business bankers and mortgage officers available for customers. They also will offer Merrill Edge Financial Solutions Advisors. Merrill Lynch has a branch office in Boulder at 921 Walnut St.