Bank DesignBuilders broke ground on the first off-Cape branch of Cape Cod Five Cents Savings Bank this week.

Brown Lindquist Fenuccio & Raber Architects of Yarmouthport designed the 12,000-square-foot building, which will be located at Rosebrook Place in Wareham, and J.K. Scanlan Co. of East Falmouth is in charge of construction. The building will also house a coffee shop and office space.

A.D. Makepeace President and CEO Michael Hogan joined Dorothy A. Savarese, president and CEO of Cape Cod Five, State Rep. Susan Williams Gifford and Wareham Selectman Chairman Peter Teitelbaum at a groundbreaking ceremony on Tuesday.

"The Cape Cod 5 team, led by Ms. Savarese, understands the opportunities that this untapped market presents," Hogan said in a statement.  "We envision Rosebrook Place as a unique, mixed-use development whose highway access makes it very appealing. The result will complement existing businesses in the area and create a true hospitality and shopping destination."

Site work at this location is being done by KR Rezendes Inc. of Assonet and will include parking and access to the new TownePlace Suites by Marriott, to be built by the Lafrance Hospitality Group of Westport.

An active cranberry bog is located between Rosebrook Place and Rosebrook Business Park, and the first building in the business park is occupied by Southcoast Health System and Fresenius Medical Care.

Groundbreaking Ceremony Held For Cape Cod Five Branch

by Banker & Tradesman time to read: 1 min
0