In Milton, a 1929 bank gets a second life as a neighborhood market

From left to right: Partner JD Wild of The ELEVATED Companies, co-owner/partner, restaurateur Dan Kerrigan, co-owner/partner and culinary director Brendan Joy. Barry Chin/Globe Staff

The team behind Steel & Rye is betting that locally-owned businesses can help revive Milton Village.

MILTON — For nearly a century, locals came to the Colonial Revival-style brick bank building at the corner of Adams and Eliot streets to stash their money. Beginning this week, they’ll walk through its doors for freshly-boiled bagels, local tomatoes, wild florals, bottles of Burgundy — and, if the developer has it his way, a renewed sense of Milton Village.

Two Pence Market opens Wednesday inside the restored 1929 landmark after months of anticipation. The project brings together restaurateur Dan Kerrigan and culinary director Brendan Joy, both of the nearby Steel & Rye restaurant, with local developer Joshua “JD” Wild, managing partner of real estate firm The ELEVATED Companies.

“We didn’t really need another restaurant around here... We needed a market like this,” said Kerrigan, who opened Steel & Rye in an old and largely empty auto dealership in 2012.

Some of the bank’s original furniture has been repurposed, such as the old banking cart that was found in the basement vault.Barry Chin/Globe Staff