August 26, 2010 – TD Bank is looking to branch out on East Main Street. Developer Crosspoint Associates has the South Middlesex Opportunity Council building at 133 East Main St. under agreement and has proposed to turn it into a TD Bank with a 24-hour drive-through ATM.
The developer would tear down the current three-story building, attorney Arthur Bergeron, representing Crosspoint, told the City Council at a public hearing Monday. The proposed TD Bank would be one story and 2,900 square feet, Bergeron said.
The property, owned by SMOC, includes a day care and a playground.
Bergeron said he does not know if SMOC will relocate. A SMOC representative could not be reached for comment yesterday.
Councilors said the current building is not attractive. The proposed building “will really bring that area up,” Council President Arthur Vigeant said.
The new business would add green space to the property, Bergeron said.
Ward 7 Councilor Donald Landers, who represents the area of the proposed business, said he has not heard worries from residents. No one spoke in opposition to the proposal at the public hearing.
Bergeron said yesterday that he would like to have the building acquired and demolished before the winter, and developers would like to open the bank by spring.
Some councilors said they may have concerns about traffic at the proposed bank, but Bergeron said that with the new building, visibility would be better around the corner.
The developer needs a special permit from the City Council for the drive-through ATM. The 24-hour ATM is a deal-breaker, as TD Bank will not pursue the location without it, developers said. TD Bank already has a branch next to the Hannaford store on Rte. 20.
Ward 6 Council Edward Clancy noted that Marlborough Savings Bank did not get a requested 24-hour ATM for its new branch at 81 Granger Blvd., and the business has had a presence in Marlborough for a long time.
The new proposed 24-hour ATM is 100 feet away from the closest house, Bergeron said, which is farther away than the one proposed by Marlborough Savings Bank.
Natick-based Crosspoint is already involved in Marlborough as an owner of a retail building on Rte. 20, said John Hueber, the company’s founder. Crosspoint also has a relationship with TD Bank, Hueber said.
Ward 2 Councilor Paul Ferro, an opponent of the special permit requirement for a drive-through service, said he thinks the proposal should receive a favorable recommendation after just one Urban Affairs Committee meeting.
“Quite honestly, I think this should be a no-brainer,” he said.
The Urban Affairs Committee will discuss the proposal next.
This story originally appeared here