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The space is set to house Ex Novo Brewing Company, Grand Central Bakery, Sizzle Pie and The Sudra.

COURTESY: CITY OF HILLSBORO - Henry Point Development & Redside Development (Stonefly Investors, LLC) will rehabilitate and redevelop the 17,000-square-foot former US Bank Building at 210 East Main Street

Hillsboro residents used to visit the intersection of Second Avenue and Main Street in Hillsboro for loans. Soon, they'll be visiting for a coffee, or a meal.

The former U.S. Bank in downtown Hillsboro will house four well-known Portland-area restaurants, city and business leaders say.

Henry Point Development and Redside Development announced plans earlier this month to rehabilitate the 17,000-square-foot space at 210 E. Main St. Construction on the $8.25 million project will start as early as this month.

The old building will eventually be home to Ex Novo Brewing Company, Grand Central Bakery, Sizzle Pie and The Sudra.

"We're so excited to invest in downtown Hillsboro with the opening of our newest bakery and café," said Grand Central Bakery chief executive officer Claire Randall. "We look forward to our customers gathering inside and out to enjoy our delicious bread, pastries, sandwiches, and coffee."

Ex Novo currently has locations in Portland and in Beaverton. Brandon Sharp, director of operations, said he hopes the new Hillsboro location will cultivate relationships with the downtown Hillsboro community.

"This project will also allow us to continue to grow our core mission of giving back to local and global communities, while providing opportunities and equitable jobs within the service industry," he said.

COURTESY: CITY OF HILLSBORO - Construction on the $8.25 million project could begin as early as late January.The renovation of the building will also add a 3,000-square-foot rooftop deck that will be ADA-compliant and usable for every season, as well as a large "European-style" plaza that will take the place of the bank's former drive-thru lane on the south side of the building.

"We are excited to partner with the city to breathe new life into this prominent building, and to contribute to the ongoing revitalization of downtown Hillsboro," said Travis Henry, owner of Henry Point Development. "The extensive outdoor spaces that have been proposed, including a large roof deck and plaza space in the former drive-through lanes, would not be viable without the city's support and are the main reason that we were able to attract such talented and popular tenants to the project."

The second phase of the project will put in mixed-use development in what is now an adjacent parking lot. That new building will include 60 apartment units.

Converting bank buildings into restaurants is becoming an increasingly popular trend across the nation, as bank branches close due to mergers and the ability to do most day-to-day banking online. This leaves what is often prime real estate in commercial corridors open for development.

Late last year, Loyal Legion, a 150-seat taproom, opened for business at what used to be Beaverton's first bank at Southwest Farmington Road and Watson Avenue.

The redevelopment of the former bank in Hillsboro will add to Hillsboro's growing arts district, as complement nearby projects like the Merrill Gardens mixed-use senior living development and the future Block 67 mixed-use development.

"The pandemic has shown us the importance of gathering together, and we are very grateful to see this coming in," said Hillsboro Mayor Steve Callaway. "This project will create even more options for people to choose from in downtown Hillsboro. It also creates one more draw, one more reason for new residents and people throughout the metro area to visit and enjoy walking, shopping and dining on Hillsboro's historic Main Street."

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