Lafayette's cityscape will get a boost from a $24 million multiuse project on the Old National Bank property on Second Street between Main and Columbia streets.
Randy Williams, Old National Bank market president for Lafayette, and Craig Von Deylen of Deylen Realty Development, announced the project Thursday.
The development named 101 Main is a mixed use project with luxury apartments and a regional headquarters for Old National Bank plus space for a restaurant or a retail business.
The bank offices will occupy a two story 12,000 square-foot building that will face the corner of Second and Columbia streets.
The 96 apartments will be located on the upper floors of an L-shaped five story building that wraps around the bank headquarters. Parking will be built underground and apartment balconies will overlook Main Street and Riehle Plaza.
After scouting several sites for an apartment and retail development, Von Deylen said he asked Old National Bank to sell him the property.
The bank's response was unexpected.
"They said, 'Well we might sell it to you, but we'd also like to have you put in a bank branch and our regional headquarters,'" he said.