LibertyBank plans relocation.Byline: Randi Bjornstad The Register-Guard CORRECTION (ran June June: see month. 8, 2007): The proposed Liberty Professional Center business park is at the northeast corner of International Way and Corporate Way in the Gateway area of Springfield Springfield. 1 City (1990 pop. 105,227), state capital and seat of Sangamon co., central Ill., on the Sangamon River; settled 1818, inc. as a city 1840. . A story on Tuesday Tuesday: see week. misidentified the location. SPRINGFIELD - LibertyBank will relocate re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. its corporate headquarters to the Gateway area if a proposed business park at the northwest corner of Industrial Way and Corporate Way gets the go-ahead from the Springfield Planning Commission Noun 1. planning commission - a commission delegated to propose plans for future activities and developments commission, committee - a special group delegated to consider some matter; "a committee is a group that keeps minutes and loses hours" - Milton Berle . Brian Carlin car·line or car·lin n. Scots A woman, especially an old one. [Middle English kerling, from Old Norse, from karl, man.] , LibertyBank's chief financial officer, said the bank "is working on acquisition of a parcel out there." "As soon as we can close the purchase - probably this fall - our intent is to build our headquarters out there," Carlin said. "We have simply outgrown our space, and the availability of land in the local area is very limited." LibertyBank's existing corporate offices are at 355 Goodpasture Good·pas·ture , Ernest William 1886-1960. American pathologist who developed the technique for cultivating viruses and rickettsia in fertile chicken eggs, thus enabling the development of a number of vaccines. Island Road. The bank has several branches in Eugene and Springfield. Corporate Way Properties - headed by Dave Blewett, who also is president of the Kendall Ken·dall , Edward Calvin 1886-1972. American biochemist. He shared a 1950 Nobel Prize for discoveries concerning the hormones of the adrenal cortex. Automotive Group in Eugene - purchased the 13-acre parcel it now identifies as the site for Liberty Professional Center in December for $5.8 million. The company has submitted a master plan application for the property, showing a three-story, 83,000-square-foot building at the northwest corner for the bank's headquarters, as well as two-story, 24,000-square-foot building at the southwest corner marked as a new location for the Lane Memorial Blood Bank. Doug Engel, registered agent for the blood bank, confirmed several weeks ago that the nonprofit A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive. Nonprofits are also called not-for-profit corporations. Nonprofit corporations are created according to state law. agency is pursuing an option on three acres of property at the site, but said it would be premature to discuss details of the blood bank's plans. Plans for the professional center also include three additional buildings: a three-story building with 24,000 square feet at the northwest corner, and two buildings fronting on International Way on the south, each with two stories and 18,900 square feet of office space. City planner Andy Limbird said Corporate Way Properties' plans amount to "a template (1) A pre-designed document or data file formatted for common purposes such as a fax, invoice or business letter. If the document contains an automated process, such as a word processing macro or spreadsheet formula, then the programming is already written and embedded in the for development over the next five to seven years. "They have to do a master plan for the whole site because they want to do the development in phases," Limbird said. "I think the applicant wants to get a foot in the door, because the City Council has adopted a policy that could limit the amount of land that has campus industrial zoning that can be used for development of business parks," which are more office-oriented than industrial. Business park development now occupies about 28 percent of land zoned for campus industrial use in Springfield, Limbird said. "The council has said that they don't want more than 40 percent of campus industrial land used for business parks, and they want to take another look at the issue if it goes over 30 percent," he said. "This development would push the percentage over 30." Corporate Way Properties already has tentative tentative, adj not final or definite, such as an experimental or clinical finding that has not been validated. approval to divide its 13 acres of land into five distinct tax lots, Limbird said. Once the city has given its approval, LibertyBank will be "fairly aggressive" in proceeding with its building plans, Carlin said. "We'll be building as fast as we're able," he said. "We're planning to do two buildings with a connector in the middle, one with about 43,000 square feet and the other with 40,000 square feet." The first building could be finished as soon as 18 months from now, Carlin said, with the second "as soon as continued growth (of the bank) dictates." Bank officials are pleased with the selection of their future location, he said. "In reality, it's fairly central, with easy freeway access. And with PeaceHealth opening its new hospital not far away, it will become a strong community." Real Estate Report runs Tuesdays. Reporter Randi Bjornstad can be reached at 338-2321. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion