Community leaders, including state and local officials, joined Cape Cod Five’s Trustees, Corporators, Senior Officers and building partners today to officially break ground on its new bank campus in Hyannis. The groundbreaking ceremony, which took place at the site on Route 132, marked the start of construction on the new campus, which is planned to be completed by mid-2019.
“The commencement of this $45 million construction project marks the beginning of an exciting new chapter for the Bank,” said Dorothy A. Savarese, President and CEO of Cape Cod Five. “This campus will help the Bank support all five parts of its community commitment through the provision of a new Banking Center, office space that will consolidate approximately 300 employees who are currently working in multiple administrative offices, a new environmentally sensitive 78,000 square foot building that is designed to be energy efficient, the first parking structure on Cape Cod, designed to minimize land development, and space for financial education and community activities. Our goal is that it will be an economic generator, a community resource and a facility that will make the region proud.”
The project includes redeveloping the 8.64 acre Bank-owned property on Route 132 and Attucks Lane in Hyannis, which currently encompasses the former Ethan Allen furniture store and one of the Bank’s administrative offices, both of which will be demolished for the new building.
Speakers during the ceremony included: Dorothy A. Savarese, President and CEO of Cape Cod Five; John Chapman, Undersecretary for the Office of Consumer Affairs and Business Regulation for the Commonwealth of Massachusetts; Paul Niedzwiecki, Executive Director of the Cape Cod Commission; and Mark Ells, Barnstable Town Manager.
With shovels in hand, representatives from the Bank, its building partners and government officials ceremoniously broke ground during the ceremony.
The new building on the site was designed by Yarmouth Port-based firm Brown Lindquist Fenuccio & Raber Architects, Inc. Other project team partners include the construction company Dellbrook/JKS; the site engineer VHB; and the Law Office of Singer & Singer, LLC.