Both expected to open in late 2015
LEXINGTON, Ky. (May 28, 2014) — Two big downtown Lexington projects inched forward this week. Developers of the 21c Museum Hotel announced that construction would begin next month, and Republic Bank officials said it would open a branch in the long-awaited CentrePointe development.
The historic 15-story Fayette National Bank Building, which has graced Lexington’s downtown skyline for more than a century, will be transformed into an arts tourist destination. Each floor will hold six or seven hotel rooms, which will book for a projected average rate of $190 a night.
The project will cost more than $43 million.
Craig Greenberg, president of 21c, told Lexington council members Tuesday that $6.5 million already has been spent on the project, according to the Lexington Herald Leader.
21c is known for hotels that are an innovative union of southern hospitality, design, culinary creativity and rotating exhibitions of contemporary art by emerging and internationally acclaimed artists.
Construction is scheduled to be completed by late 2015.
Republic Bank coming to CentrePointe
Republic Bank officials said the bank will anchor the first floor of CentrePointe’s 10-floor office building. It is scheduled to open in late 2015.
Currently under construction, the CentrePointe project also includes an 11-story Marriott hotel with an additional seven floors containing 23 condos, a separate Marriott extended stay hotel with 90 apartments atop and first floor retail, and an underground parking garage.
Republic will offer full-service personal and business banking along with a 24-hour ATM, an after-hours night depository and safe deposit boxes. In addition, the office will house private banking, treasury management and commercial lending officers.
“We are excited about opening a full service banking center in downtown Lexington. We look forward to making many new friends and serving our existing clients in this growing area of town,” said Bo Henry, market president – Central Kentucky region.