Search

Marquette Savings Bank to Begin $7 Million Building Project to Accommodate Growth

215

ERIE – Marquette Savings Bank recently revealed the architectural design for the new Marquette Operations, Training and Innovation/Learning Center on the corner of West 10th and Peach Streets. The $7 million project will more than double the space of Marquette’s headquarters at 920 Peach Street in downtown Erie. 

Michael B. Edwards, Marquette Savings Bank CEO commented, “Our business has grown significantly over recent years and continues to grow, putting our Peach Street headquarters at capacity. This project enables us to keep pace with our current growth with an eye on the future. While we could have expanded our operations anywhere, we felt it was important to enhance our presence within the city limits and more important, right here in downtown Erie.” 

The new Operations, Training and Innovation/Learning Center was designed by Erie architectural firm Weber Murphy Fox and will be built by the Erie construction firm Considine Biebel & Company. 

“The character of the new building blends old and new, using brick and cast stone as a nod to Marquette’s past and their main office to the north. The blue composite-metal paneling on the exterior utilizes Marquette’s signature blue hue to establish a modern presence to what will help mark the Innovation District,” said Genevieve Druzak, senior associate architect. 

When completed, the public facing Marquette Innovation Learning Center will occupy approximately half of the space on the first floor. The center is a new concept in which banking technology will be tested and customers will learn how to apply the technologies available to them that add safety and convenience to their banking experience. The Innovation Center space will also include an integral café in a unique, modern design that will be open to the public. 

The remaining first floor and entire second floor of the building, will be occupied by the bank’s operational functions. In addition, the lower level will feature a state-of-the-art training facility and public meeting spaces. 

“We are excited about the design of our new building and the statement it will make right here in the heart of downtown Erie. We hope it will not only help attract people and investors to the Innovation District, but will add synergy to the entire effort,” said Kelly Montefiori, COO, Marquette Savings Bank. 

In a coordinated effort, the adjacent building to the west is being demolished and will be used as a staging area for construction of the new building. That process is nearly completed. During the construction process, one lane will be closed on 10th Street and one on Peach Street in the immediate area of construction. Construction is expected to start by the end of August. 

Marquette is one of the founding members of the Erie Downtown Development Corporation (EDDC) which is focused on projects to energize investment in Erie’s downtown. “We have been a leader in support of downtown revitalization and this project is an opportunity for Marquette to demonstrate our commitment to the future of downtown Erie where Marquette found its start 110 years ago,” said Edwards. 

Construction is expected to be completed in July of 2020.

Marquette Savings Bank is the area’s only remaining locally headquartered bank. The bank has assets over $895 million and employs 144 people in 12 locations in Erie and Crawford Counties. 

For more information, visit www.marquettesavings.bank.