Business & Tech

Cambridge Savings Bank to be Part of Northwest Park Development

The Nordblom Company announced this week plans to include the bank in the 3rd Avenue project.

With all of the new businesses coming into Northwest Parkit will be helpful to have a place to do some banking in between spending money.

Well, that is in the plans. According to a release from the Burlington-based Nordblom Company, they have completed a 3,300 square foot lease with Cambridge Savings Bank for a location on 3rd Avenue.

Located just off of Middlesex Turnpike, 3rd Ave is the dining and entertainment heart of the 4.6 million square foot Northwest Park mixed-use redevelopment.  The 3rd Ave retail-walking street will be anchored by Wegmans and Kings Bowl.

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“Nordblom Company has an excellent and long-standing business relationship with Cambridge Savings Bank and we are very excited to house the bank’s newest branch at 3rd Ave,” said Douglas Wynyard, Senior Vice President at Nordblom Company. “Together with its architect, Symmes Maini & McKee, Cambridge Savings Bank has designed a modern and beautiful branch that will also provide excellent convenience for Northwest Park’s office tenants as well as the 3rd Ave shopper.”

Cambridge Savings Bank's new banking center will offer a full line of financial services, including checking and savings, residential and commercial lending, and investment services, the release states. The bank will also include a business center for use by business clients during and after business hours.

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Wegmans - Wegmans, which has signed a 30 year lease with Nordblom with options to renew, is planning to build a 135,000 square foot facility with adjacent parking for 800 vehicles. The plans include a 14,000 square foot mezzanine overlooking a food court, an outdoor café and outdoor cooking classes.  Patrons will be able to enter and exit Wegmans from Third Avenue, Fourth Avenue or from Network Drive via Second Avenue.

Kings - The Kings bowling alley will feature a 296-seat restaurant in a 27,000 square foot building and will have 24 bowling alleys. The total occupancy is over 600 people. The location will feature a full bar and at-alley food and drink service. During the daytime Kings will be available for birthday parties. There will also be a function room for business meetings and gatherings.

For more information on the project and to see artistic renderings of what it will look like, visit 3rdaveburlington.com.


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