Naperville proposal restricts banks from first-floor locations

The Naperville Planning and Zoning Commission has approved a proposal to restrict banks and financial institutions from occupying the first floor of downtown buildings without special permission. This change aims to create a more pedestrian-friendly and retail-focused environment in the area. The proposed zoning amendments apply to the B4 Downtown Core zoning district. They would require banks to obtain a variance if they want to set up on the ground level. Currently, banks can operate on the first floor, while financial services are generally required to be on the second floor or higher. The need for these regulations emerged during discussions about a bank and an investment company planning to use part of the former Barnes & Noble space downtown. In a recent council meeting, members approved a variance for one company but expressed concerns about allowing more banks at street level. City staff believe these regulations will help support a retail-oriented atmosphere consistent with the Downtown 2030 plan. If the zoning changes are approved by the city council, existing banks on the first floor will become classified as nonconforming uses. This means they will be subject to new restrictions on renovations and expansions. The commission voted unanimously to recommend the changes, and they will now go to the city council for final approval.