Banks buildings to rise around June 1, developer says

The Banks project is on schedule, and construction of buildings should start around June 1, according to Trent Germano, vice chairman of co-developer Carter.

Foundation work is underway for the first phase, which will include 300 apartment units and 70,000 square feet of retail space.  (Sorry, no grocery.)

The development team is also courting a boutique hotel for the first phase and, depending on pre-leasing, could add between 250,000 and 300,000 square feet of office space.

Retail leasing efforts will begin this year, and apartments will be offered for lease in spring 2010.

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