A Matherne’s Supermarket is set to open in fall 2014 at the former site of the Capital One Bank at Third and Main streets, making it the first full service grocery store in downtown Baton Rouge in nearly 50 years.

Dyke Nelson, the architect who owns the building with David Weinstein, said at a Downtown Development District meeting Tuesday that Matherene’s will be the ground floor tenant for the mixed use project he is developing on the site, which is called 440 on Third. 440 on Third will consist of 65 apartments, which will be split between one and two-bedroom units, and 65,000 square feet of commercial and office space.

Tony Matherne said the downtown location will be a unique concept, but will still have the things that his family’s store is known for: daily plate lunches of fried chicken and catfish, a full-service deli and a selection of fine wines, liquors and craft beers.

“We have clean, friendly, inviting stores and we look forward to bringing that experience downtown,” Matherene said. The new store will be 15,000 square feet and have about 40 employees.

Matherne’s has been open for 30 years. The chain, which is supplied by Associated Grocers, has locations at 7580 Bluebonnet Blvd. and 7355 Highland Road in Baton Rouge and stores in LaPlace and Paulina.

Plans are to have 114 public parking spots available at 440 on Third, with 28 set aside for Matherne’s.

The store will not only serve the people who live and work downtown, but residents of nearby neighborhoods, such as MidCity, Ogden Park, Old South Baton Rouge and Standard Heights, said Davis Rhorer, executive director of the Downtown Development District.

The rest of 440 on Third should be completed by Dec. 15, 2014, with apartment tenants set to move in by early 2015.