The construction of the new 1st State Plaza, formerly known as Plaza North at 4800 Fashion Square Boulevard, is scheduled to get underway today at 2 p.m. and be completed by summer 2012.
The location is being revitalized into a Class A office space and will feature the corporate headquarters for
1st State Bank, which will own and occupy the first floor of the five-story structure.
The current structure was built in the 1970s and is in need of major revitalization. Upgrades are planned to the parking, landscape, the building's exterior as well as the mechanical and electrical systems within the building. In addition, the interior decoration will be completely revamped.
For the first-floor bank location, a drive-up banking feature is also being constructed.
The building itself is a distinctive landmark in Saginaw Township, having the honor of being the first building constructed over three stories.
The updated version will also be distinctive, offering luxurious options to the office space market. A condominium association is being established for the site as well and will offer suites for lease or purchase in the renovated building.
The developer of the project, PN Investment Group, LLC, is comprised of several area businessmen, all of whom are members of the 1st State Bank board of directors.
Writer: Sam Eggleston
Source: PN Investment Group, LLC
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