LIMA — The 43 Town Square project is in its final phase of construction, winding down a major renovation of the historic First National Bank and Trust Building that has been more than two years in the making.
The long-vacant property will soon be home to 47 affordable and market-rate apartment units, along with commercial and office space on the main floors.
Tenants could be moving in as early as March.
Joseph McCabe, vice president of development for Woda Cooper Co., the project’s developer, expects construction to be finished within the next 30 to 45 days. Tenants should move in shortly after.
“We are completing projects floor by floor,” McCabe said. “Some floors they’re still doing drywall, plumbing and electrical work, while other floors are (nearly complete).”
The project was originally slated to be finished by the summer of 2018, but a high demand for building materials and a tight labor market have pushed the timeline back.
“Old buildings are old buildings,” McCabe said. “You have to have contingency plans because you have surprises along the way.”
Construction has followed a top-down approach, with work on the upper floors nearly complete.
The goal, according to McCabe, was to build modern apartment units without losing the building’s historic character. That’s why developers chose to preserve stylistic elements that are no longer functional, like mail slots found on apartment doors and remnants of the names of businesses that once occupied the building.
“If you were here in 1926 and you stood and looked down this corridor, this would look pretty much the same,” McCabe said. “Yet you wouldn’t realize the apartments had been outfitted in the building.”
No two apartments are alike. One-bedroom units start at 650 square-feet, with some three-bedroom units exceeding 1,000 square-feet. But each unit has its own unique layout. One unit on the twelfth floor, for example, used to be a broadcast office for a radio station.
Even though move-in day is more than a month away, Woda is now accpeting applications with the hope that all units will be filled by move-in. The leasing office is open Monday through Friday, 8 a.m. to 4:30 p.m., located at 43 Town Square.
Reach Mackenzi Klemann at 567-242-0456.