Work has begun to raze two buildings on lower Main Street to make way for a branch of the Bank of Cooperstown.
The branch is to open mid-year with three employees, bank officials said this week.
Demolition of 34 Main St. may start late next week, Scott D. White, Bank of Cooperstown president said, and razing the building at 36 Main St. will follow. Construction may begin in late February, he said, but progress depends on the weather.
White estimated construction costs at about $1 million. The purchase of the two properties was finalized with a closing Monday, he said, and the project is underway.
“It is very exciting,” he said Thursday.
The Bank in Cooperstown at 73 Chestnut St. in the village has six employees, White said, and the bank will add three positions to staff the Oneonta branch, with hopes of increasing jobs in response to business.
“We’re eager to open the branch and continue to build additional new relationships in the Oneonta market,” White said. “We offer high-quality personalized customer service, local decision-making and valuable bank products.”
In November, the Oneonta Planning Commission approved Bank of Cooperstown’s site plan, contingent upon the Otsego County Planning Department, state Department of Transportation and the state Department of Environmental Conservation, which have signed off, city officials said. The applicant was required to submit a short Environmental Quality Review Act report.
Demolition permits have been issued for razing buildings at 34 and 36 Main St., according to Robert Chiappisi, city code enforcement officer.
Previously, buildings on the properties provided residential and commercial units. The parcels are in a Gateway Mixed Use District, near the entrance of the city just off of exit 14 of Interstate 88, and close to Neahwa Park.
Peter Hattem was listed as the previous owner of 34 Main St., records show, and 36 Main Street Realty Inc. was owner of the other property.