The Lexington Center Corp.'s High Street parking lot will be evaluated as the future home of a relocated mid-century modern bank building, and preservationists and subcommittee members will report back to the center's board next month.
Center board member Holly Wiedemann told the board Thursday that a subcommittee and the Warwick Foundation, a preservation nonprofit, have discussed several possible locations for the former Peoples Bank.
Wiedemann said Warwick was assessing the site on the High Street lot to determine whether the building would work in that location. Wiedemann did not say what location the group was considering.
The early-1960s bank, with its iconic zig-zag roof, is on South Broadway. But construction of a 12-screen cinema complex near the bank has jeopardized the building and led to efforts to move it.
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Warwick has proposed using part of the High Street lot and turning the former bank into the People's Portal, a type of community center with programming focusing on inclusion and multicultural awareness.
Last month, the Lexington Center Corp. board agreed to look for a possible location lot for the bank. In addition, it would give preservationists $150,000 for site work if the building was moved.
Langley Properties, owner of the bank building, has given Warwick until July 23 to come up with a site. Langley will donate the building if the group can find a site and raise the needed $850,000 to move it. Last week, the Warwick Foundation said it had raised all but $110,000 of the $850,000.