BEDFORD — There are preliminary plans to construct a new bank at the Hannaford plaza on Kilton Road.
The bank, if approved by town planners, will be built on the site that formerly housed a gas station at 7 Kilton Road next to Supercuts.
“Our proposed bank, which would be a new community bank here in the town of Bedford, would locate its branch essentially where the gas station canopy once was,” said Richard Pilla of Paramount Partners in Quincy, Mass. “We believe this would be a good addition to the town and to the center.”
Pilla introduced conceptual plans on Monday to the planning board. He said the name of the banking institution will be disclosed when the formal site plan is reviewed, which will likely happen Oct. 21.
“It is a very competitive environment,” explained Pilla. Jason Hill with TF Moran said the proposed 2,236-square-foot bank will include two drive-thru lanes — one with a teller and the other with both a teller and a cash machine.
A conceptual design of the building includes a grayish blue exterior facade. The building would be constructed closer to the South River Road intersection with Kilton Road to camouflage some of the existing visible parking area. Pilla said this would create consistency along that side of South River Road, where parking is traditionally at the rear of developed sites. Adjustments are still being made to the layout of the parcel, including the pavement and proposed parking.
If the bank is approved, about 432 parking spaces would be necessary for the entire Hannaford plaza development, which also includes HomeGoods and a new fitness studio, HOTWORX, which will occupy the former frozen yogurt shop space. A parking waiver is being sought, as there will only be 425 parking spaces within the complex once the site is reconfigured, Hill said.
“There should be ample parking,” he told town planners this week, explaining that during peak hours that about 44% of parking spaces are vacant within the development.
“The biggest problem in this parking lot is traffic flow, not necessarily parking,” said Charlie Fairman, planning board member.
He said traffic at the plaza is already a problem without the bank in place. Town planners asked the developer to consider a lower entrance into the parking lot along Kilton Road, which would allow bank users to avoid traveling in the main parking lot directly in front of the grocery store entrance.
If approved, the bank would be open from 9 a.m. to 5 p.m. on weekdays and from 9 a.m. to noon on Saturday.