You may have noticed some excavating action on the northwest corner of North and Gilbert, the former site of the First Midwest Bank building. Just northwest of there is the main building for the Carle at the Riverfront project. Vermilion Advantage CEO Tim Dudley says that Carle’s plans are indeed to get some retail action on the property; which has been talked about for a while.
Audio PlayerAUDIO: We had a study done over in that area that suggested places where there could be retail and housing and things like that. And Carle was open to the idea of doing a retail site there to help enhance that idea. It just turned out that they were able to acquire a couple pieces of land over there. And when Midwest Bank merged with Old National, they were able to acquire the old Midwest Bank building.
Dudley says the acquisition of the First Midwest Bank building gave Carle practically an entire additional block to work with. He says this will pretty much be a “build it and they will come” type situation; with Carle, the City of Danville, and Vermilion Advantage all working to get clients into the new center.
Audio PlayerAUDIO: That was such a great job done by everybody to get that area revamped. I think it’s going to be; any retailer wanting to go in there, I think, would be highly successful. I don’t think there will be any problem filling it up.
Dudley says it will an L-shaped type building with 7,800 square feet of space.
