Work underway on new bank, brew pub building

Staff writerFebruary 25, 2014 

Work is underway on transforming a former state office building in downtown Olympia into a new home for a bank and brew pub, according to construction photos sent to The Olympian.

The photos were sent by Thurston First Bank President and Chief Executive Jim Haley. The building will be named after the bank, and the bank is expected to open its main branch there this summer.

Three Magnets Brewing Co., which will be run by the same couple that operates Darby's Cafe on Fifth Avenue, also will occupy a portion of the building. It, too, is expected to open this summer.

The former state Department of Personnel building at Franklin Street and Legion Way was purchased by noted downtown developer Walker John.

He paid $2.6 million for the property. In addition to redeveloping the 27,000-square-foot building, which will include apartments, he also is considering developing a second building on the same site.

John redeveloped the Cunningham Building at Fourth Avenue and Adams Street into a mixed used destination with street-level retail and market rate apartments upstairs.

 

 

Rolf Boone rboone@theolympian.com 360-754-5403

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