While construction is moving at an accelerated pace, office space and other rental opportunities will likely not be available until early 2013, according to Bone, although he added there is a wedding scheduled for October on the ground level.
Still remaining upstairs, pressing against aged plaster walls and some walls now featuring exposed brick, are the remnants of Rotary Club and Lions Club plaques that list each clubs original members dating back to their respective charters.
At one time theArcades second floor served as the meeting place for these clubs and others. The banquet room, approximately 2,500 or so square feet in size hosted luncheon and dinner meetings.
Bone said much of the original look of the building is being preserved. The hardwood floors are being kept in place, certain special order glass is being installed to resemble the original look and the structures original brick is being exposed on several walls.
The new owners are hoping to attract a restaurant for a portion of the space upstairs and are thinking that if that works out the banquet room could well become a viable option once again as a meeting place for local clubs and community organizations.
Manous of Manous Design Inc., a locally based architecture and design firm, plans to locate offices for his firm on the upstairs level. Owners believe, when the facility is completed, that they will be able to attract both retail and office tenants.
TheArcadeproject is just one of two major renovations taking place in the downtown historic district.Lebanonbusinessman Bob Black and his wife Pam are continuing the renovation of the Capitol Theater, a project that is expected to cost near $1 million when completed.
The Capitol, built in 1949, was a principle venue for entertainment for the community until its closing in 1979.
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