HomeStreet will arrive in 2014
It's official. The building that for many years housed the Madison Park Tully's will ultimately be the site of Madison Park's fifth bank branch. But it's not going to happen anytime soon. Our story last week about the increasingly dilapidated state of that building (4036 E. Madison St.) has prompted HomeStreet Bank to confirm its intention to open a branch in Madison Park, as well as provide the timetable for its arrival.
In an email to the Madison Park Blogger yesterday, Terri Silver, HomeStreet's Corporate Communications Vice President, acknowledged that the Bank had leased the space and had recently met with the City and the building landlord to review plans for remodeling the 113-year-old building. "The remodel is quite extensive and will encompass both internal and external work," Silver noted. "We are very excited at the prospect of becoming a member of the community and are working on a design for the building that we believe will be ascetically pleasing and will fit well with its surroundings." The graphic above shows what the branch will look like when completed, assuming that the City and building owner approve the design.
If everything goes according to plan, a permit may be issued for remodeling as early as October, with construction to be completed in early 2014, according to Silver. Because of the multiple cases of vandalism since the building was vacated in late 2012, the Bank has requested and received permission to "wrap" the building, a process scheduled to begin later this week.
When HomeStreet opens its doors in Madison Park next year it will be the first locally-based bank to have a branch in the neighborhood since the demise of WaMu in early 2009.
[Graphic courtesy of HomeStreet Bank.]