NORTH ANDOVER — It’s been a long time coming, but construction of the Pentucket Bank branch at Butcher Boy Plaza has begun.
Merrill Excavating of Salem, N.H., has been digging the foundation for several days. The general contractor is Maple-Leaf Construction of Nashua, N.H., a firm that has extensive experience in erecting commercial buildings, including restaurants, garages and offices.
Pentucket Bank, which has operated in Haverhill for more than 120 years, announced plans to build the branch two years ago. Scott Cote, president and chief executive officer at Pentucket, initially hoped the branch office would be open for business by last summer.
The site, however, is located near Lake Cochichewick, North Andover’s water supply, so stricter environmental regulations made approval by the Planning Board and Conservation Commission more difficult. Engineers for the project finally resolved that dilemma by designing a system that will direct runoff from the branch into the Merrimack River rather than Lake Cochichewick.
The Planning Board and Conservation Commission issued approvals for the branch last fall. Cote said at that time the start of construction would have to wait until spring because of the imminence of winter.
The new branch office will be a separate, single-story building with a brick face. Gregory Shaw, senior vice president of Pentucket Bank, said he hopes the new branch will be open by fall.
The Butcher Boy Plaza at 1077 Osgood St. is at the point where Routes 125 and 133 separate, with 125 heading north to Haverhill and 133 going east to Boxford and Georgetown.