Cornhusker Bank will break ground for its new $13 million corporate center at 8310 O St. on Friday morning.
Cornhusker Bank Chairman John Dittman and CEO Barry Lockard will preside over the ceremony for invited guests to start construction of the 55,000-square-foot building. Mayor Chris Beutler will be speaking, along with Wendy Birdsall, president of the Lincoln Chamber of Commerce.
The bank filed a building permit for the construction on Monday. It will be oriented toward O Street, west of the Aldi's store at 84th Street, and east of Russwood Parkway. Parking will be north of the bank.
Lockard showed images and plans for the limestone building during a City Council meeting earlier this year.
Building the corporate center at 84th and O, identified as a growth area and city entryway by city planners, made a lot of sense, he said. It allows the bank to have a visual presence at a key location and provides convenience for customers.
“We are making an investment in this building, understanding this is an entryway into Lincoln,” Lockard told the council.
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The city waived height limitations to allow the four-story building on the northwest corner, as recommended by the Lincoln-Lancaster County Planning Commission.
Lincoln is the bank's home and marketplace. The bank moved from Davey to Lincoln in 1960. The existing corporate headquarters at 11th Street and Cornhusker Highway will remain open and a part of the business.
The new corporate center will include a 2,500-square-foot community room that can be used by customers, clients and employees, a way to share with the community, Lockard told the City Council.
The bank also plans to build a 2,000-square-foot commercial building on a small lot north of Aldi's, at the corner of 84th Street and College Park Drive, to be leased to an operator. "Something along the lines of food," Lockard said. That is still in the planning stages.
Cornhusker Bank expects to move into its new corporate center during mid-summer 2016.
Sampson Construction is the general contractor. Sinclair Hille is the architect.