As hopes for one tower are dashed, another one rises from its ashes…but a half a mile away. The new State Employee’s Credit Union tower will be on the same location as their former branch which was torn down earlier this year. It previously featured one of the few, if not only, remaining walk-up window tellers in downtown Raleigh. Oh how I loved that teller window, it made that end of downtown still feel a bit urban.
From the rendering, the building looks to be very simple and in a very early stage of design at the moment, but is that a skybridge I see between the adjacent Green Square project and the Science Museum? Weren’t those outlawed after the 70s/80s interior downtown malls were considered failures (i.e Houston and Charlotte)?
The North Carolina State Employees’ Credit Union (SECU) has unveiled plans to build a 12-story branch and office facility on Salisbury Street in the State Government Complex in downtown Raleigh, NC.
The new 240,000-square-foot building will include a six-story parking deck, a credit union branch and about 77,500 square feet of office space reserved for future growth. SECU said in a statement it has considered building the facility for several years and now plans to begin construction in fall 2009 “in order to bolster the NC economy and to take advantage of the much lower level of current construction costs.”
The credit union is building the facility in conjunction with the state of North Carolina, which plans new offices for the Department of Environment and Natural Resources, and to expand the NC Museum of Natural Sciences, both adjacent to the credit union site. Coordinating project planning will save both the state and the credit union a substantial sum. An existing SECU branch on the site has been demolished in preparation for the new development.
SECU, which has owned the site since 1960, plans to occupy 13,000 square feet in the new building while renting the excess space until the credit union grows into it, said Bobby Hall, senior executive vice president. The credit union now owns five operations support facilities in the Raleigh area encompassing over 400,000 square feet of space. All existing facilities are operating at capacity, while the credit union continues to grow at double-digit annual rates.