Renasant Corp. will begin by August 2013 on-site work on the building the banking company plans to replace its existing West End Avenue structure.
Rick Hart, Renasant Tennessee Division president, said Nashville-based Hastings Architecture Associates is designing the building, which will rise three stories at 1820 West End Ave. Hodgson & Douglas, also based locally, will serve as the landscape architect.
Hart (pictured) said Renasant next week will select the general contractor for the project.
In September, Renasant paid $4.6 million for the property, which has been home of the founding branch since 1994. (Read more here.) At the time, Renasant was considering a fully mixed-used building with office and multiple retail spaces. Hart said the company decided to limit the retail to a Renasant bank space.
“We were approached by a lot of people wanting to make it a multi-purpose building, but we didn’t want to do that,” he said.
By July 1, Hart said the company will begin leasing office space within the Midtown corridor and then have a modular facility, to host the bank operations, constructed near Hayes Street. Demolition of the existing structure (seen below in an image courtesy of Goggle Maps) is slated to take place in July or August.
When finished by December 2014, the new building will feature about 25,000 square feet with its top two floors devoted to administrative offices. The structure will extend almost to an existing alley and offer structured underground property for employees. Clients will use a surface parking lot to be located north of the alley and be bordered by 19th Avenue North, Hayes and the Hutton Hotel parking garage.