The building that was formerly a First National Bank has been demolished to make way for a new live-work-play development.
Construction crews tore down the building at approximately 11 a.m. on Tuesday. Demolition initially began a fews weeks back when crews tore down the nearby parking deck.
The new development, called The National, will include a Courtyard by Marriott hotel with convention space and outdoor plaza with dining areas.
"It has been an exciting week with the changes that have been underway at the old First National site," said Gainesville City Manager Bryan Lackey in an email statement. "We are glad to see Capstone and McKibbon Place’s investment in our community and look forward to partnering with them on the many great things downtown Gainesville has to offer our community and region."
According to an initial press release from developer Capstone Property Group, the First National Bank building was to be renovated into a contemporary meeting space and single-bed suites. However, Lackey confirmed that new plans are in place for the site.
"We understand that the site has been an iconic landmark on the Gainesville skyline for decades and holds a lot of fond memories for many in our community. However, I think few would disagree that the building and site had recently fallen into disrepair and revitalization was needed on this site," said Lackey. "With that said, the plans for the new National with a hotel and high-end downtown living options will no doubt become the new landmark for Gainesville’s skyline."
The First National Bank building had been used in several movies filmed in the area and was also a Regions Bank.
The entire development for The National is estimated to cost $50 million and expected to be complete by December 2022.
