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What Should Go Here at 167 Washington St?

What would you like to see at the Comcast/Water Works building?

The property at 167 Washington St. has been vacant or only marginally used for several years -- the Comcast signs are still on the building -- despite being located in a busy intersection in Downtown Peabody.

Well, it turns out that new owner Gary Nadeau of Salem is trying to ink a deal with a financial institution, be it a bank or credit union, to take up residence at the corner of Washington and Foster streets.

The City Council unanimously approved a special permit for a drive-through window Thursday night with a couple conditions: the drive-up service can't be for fast food and if in the future the business operation there changes from a financial institution, a new permit will be needed from the council to utilize the drive-through.

There will be two curb cuts at the property, one which would allow access from Washington Street from the rear of the site, but only allow right-hand turns out of the driveway.

Peabody attorney John Keilty represented Nadeau that night. He said Nadeau purchased the property recently -- deed records show Nadeau bought it from Comcast in June for $400,000 -- and has received inquiries on it from several businesses, none of which were fast food restaurants, but mostly banking institutions.

It was Keilty in fact who pre-emptively requested the council approve the permit with that particular condition.

"In the event a bank doesn’t go forward…I thought the council would be most interested in not granting a special permit for fast food," he said.

Councilors agreed unanimously, saying they were glad to see some activity at the site and understood that a permit in hand would likely improve Nadeau's odds of leasing the property.

"I think it would help that corner out tremendously," said Councilor-at-Large Dave Gravel, referring to bringing a financial institution there.

"That building is a beautiful old building, so I’m kind of hoping whoever gets in there takes the cement off the windows and restores the interior and the building," he added.

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While it may seem like you can bank on the future use of the property, do you like that plan or would you rather see something else go there?

Let us know in the comments section below.

Jimmy W September 16, 2012 at 06:16 PM
I don't think that there is a dunks close enough to this location...you have to cross a very busy street to get to the one nearby....let's put another dunks there!
Lauren September 17, 2012 at 01:16 AM
A restaurant with outdoor seating!
Gerry Foley September 17, 2012 at 04:13 AM
With Atty John Keilty involved, you can bet it will be the new headquarters of Joan Lovely's massive political operation for the next 30 years, or until she has legal trouble. John, people in Peabody know your pal Lovely ran a nasty,vicious campaign, stabbing John Slattery in the back with the turncoat Berry breaking his word not to endorse! My union will not be supporting phony Joanie ever!
Richie Gambino September 17, 2012 at 04:27 AM
This guy Keilty was a big supporter of that empty suit Joan Lovely, that stabbed our guy John Slattery in the back via Fred Berry. Jack, I 'm told you have a lot to say about John Slattery--lets hear it. Me and my union brothers plan to attend all the city council hearings and will protest any buyer that comes along, as long as your client continues to have you represent him! My union has also passed the word telling our friends & family to avoid your services at any time! Have a nice day Jack, and do try to drive home safely!
Saber Walsh September 17, 2012 at 09:43 PM
Five Guys!!!
John Castelluccio (Editor) September 18, 2012 at 06:57 AM
Tony, your comment was clearly meant solely as a personal attack and that's not allowed, which is why it's been deleted.
Calvin December 26, 2012 at 06:30 PM
Tear it down and use the space for an easy turn on to Washington St. The building looks like a dump and why add more traffic by turning it into a bank, there are enough already.

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