Mixed-use development proposed for Bank of America property

Mixed-use development proposed for Bank of America property
Rough site plan for the Bank of America property on Edgewood Avenue in Murray Hill

The property owner of 840 Edgewood Ave. S. has applied for a zoning exception to allow TVC Development Inc., a subsidiary of Jacksonville-based developer Vestcor, to develop a mixed-use project at the site of a 63-year-old building that previously housed a Bank of America branch and a few other tenants.

The application, filed July 11 by Steve Diebenow of the law firm Driver, McAfee, Hawthorne & Diebenow on behalf of EWE Warehouse Investments XIII, seeks an exception to develop an integrated multi-family residential and retail project on 3.69 acres. 

The one-block property is bounded by Edgewood Avenue, Talbot Avenue, College Street and Kerle Street. Properties on Talbot Street immediately behind the proposed development are primarily one-story residential. There is a 0.17-acre parcel on the corner of College and Edgewood which is owned by RFP Leased Properties LLC and is not part of the plan. The independent parcel is the site of a pet care company.

The rough site plan shared by Vestcor indicates a four-story structure with 117 units, comprised of 16 studio apartments, 59 one-bedroom and 42 two-bedroom units. The preliminary plan indicates parking will be at the rear of the property with the structure closer to Edgewood Avenue.

The application notes that plans for off-street parking will accommodate 1.48 spaces per residential unit as well as two spaces per each 1,000 square feet of retail space. Surface parking is indicated at 174 spaces for the residential element and 22 spaces for the 11,000-square-foot retail element on the ground floor, which will also include a 5,000-square-foot leasing office and amenity center, and approximately 10 residential units. 

The Bank of America building, which includes a “Calvin and Hobbes” cartoon-style mural installed in February 2017 by New York artist Jerkface, would be razed, according to Holly Hepler, marketing manager for The Vestcor Companies.

Planning Commission to hear public’s comments on Thursday, Aug. 8, at 1 p.m., in the Ed Ball Building, 214 N. Hogan St., 1st Floor Training Room.

By Kate A. Hallock
Resident Community News

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