Village residents may have a new bank at the former U.S. Bank building that has been vacant for about a year-and-a-half.

The Sturtevant Community Development Authority revealed in a meeting Thursday that it has accepted an offer from Oak Creek-based land management company NDC LLC to purchase the vacant building and build a new Tri City National Bank branch in its place.

The deal—expected to close in August, contingent on NDC’s development proposal being approved—marks the first step in Sturtevant’s extensive redevelopment plans for the Durand Avenue (Highway 11) corridor.

Preliminary drawings show plans for a roughly 5,000-square-foot building with green space, but the renderings the village had on-hand were not up to date. The plans would require the demolition of the U.S. Bank building.

Read more in The Journal Times.