NORTH ROYALTON, Ohio – Bank of America to build new branch with ATM near the southeast corner of Royalton and State roads.
The bank is part of a two-building office development proposed earlier this year by Norwood Development Group, a North Royalton company.
“Our building commissioner (Dan Kulchytsky) is currently reviewing the bank’s plans to issue permits,” Mayor Larry Antoskiewicz said. cleveland.com Monday (November 15). “We expect construction to start within the next week. “
Jones Lang LaSalle, a global commercial real estate company headquartered in Chicago, manages the North Royalton branch project for Bank of America. A representative for Jones Lang LaSalle could not be reached for comment before today’s deadline.
The city’s planning commission unanimously approved the bank building in September. Earlier this year, the commission approved the second building, a proposed medical practice that would stand behind the bank.
Dean Asimes, owner of Norwood Development, said cleveland.com Monday that he had nothing new to report to the doctor’s office. When asked if he had signed a tenant, he replied that he was not “free to say so”.
In March, Asimes said he was “in dialogue with a major user” who would lease the medical building. He said the city needed a high-quality medical practice.
Asimes said Jones Lang LaSalle contacted him and offered the Bank of America branch after hearing about his development plans. Currently, Bank of America has branches in Strongsville in the west, but none in North Royalton, according to the Bank of America branch locator.
The bank and doctor’s office is planned for a 2-acre long piece of land south of Royalton, or Ohio 82, a few lots east of the state and next to a KFC restaurant. The lot is located in the downtown mixed-use district of the city.
In addition to Royalton and KFC, the lot is bordered by residential streets Swan Lake Boulevard to the east and Trumpeter Boulevard to the south.
Norwood, under the limited liability company Tri Norwood Holdings LLC, purchased the property in March 2019.
Antoskiewicz said Norwood destroyed a house and garage that were on the property. According to the Cuyahoga County Finance Office website, both structures were demolished in 2020.
Residents living near the site, including those on Swan Lake, have expressed concern that flooding on their properties could worsen due to new office buildings and parking lots. Antoskiewicz said rainwater flows naturally to Swan Lake.
However, Antoskiewicz said Norwood’s plan includes an underground stormwater control system that would store excess rains and release them slowly, easing existing flooding problems.
In addition, the newly planted trees will protect residents’ office buildings, Antoskiewicz said, and office buildings, because they operate during the day, should not disturb residents at night.
Norwood Group has developed other projects in North Royalton. These projects include a multi-tenant building, inaugurated in 2016, containing the Sherwin-Williams Co. and Freedom Design Kitchen & Bath on Royalton, just west of the state.
In addition, Norwood built Royalton Business Park, another multi-tenant building, on Royalton, just west of York Road. The construction of this project started in 1996, according to Crain’s Cleveland Business, and it cost over $ 4 million.
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