Categories: Business NewsConstruction NewsNewsReal Estate & Properties

Columbia’s New Credit Union Headquarters Breaks Ground

Construction of Palmetto Citizens Federal Credit Union headquarters in Columbia

News Summary

Palmetto Citizens Federal Credit Union has begun construction on its new headquarters in downtown Columbia, marking a significant development with a planned five-story building of 100,000 square feet. The project will consolidate over 300 employees and is expected to enhance community engagement with retail and non-profit spaces. Anticipating completion by 2027, this landmark project reflects the credit union’s commitment to growth and community development.

Exciting Times for Columbia: New Credit Union Headquarters on the Horizon!

Columbia is buzzing with excitement as Palmetto Citizens Federal Credit Union officially broke ground on its impressive new headquarters on April 15, 2025. The ceremony sprinkled with local charm took place right at the corner of Lady and Sumter streets, a spot that’s sure to become a bustling hub in the heart of downtown.

Who’s Who at the Groundbreaking Celebration

The event drew some notable figures, including Governor Henry McMaster and Columbia Mayor Daniel Rickenmann. They were joined by Robert Dozier Jr., the CEO of Palmetto Citizens, along with other local officials. It was a day filled with pride for both the credit union and the community, marking a significant step forward on this transformative project.

A Mega Project in the Making

Let’s talk about the headquarters itself. It’s going to be a spectacular five-story building stretching across a whopping 100,000 square feet. This project represents the largest office development in downtown Columbia in decades, and it’s about time the area welcomed such a massive upgrade! For those who are interested in the details, this new space will house more than 300 employees who are currently working across different locations, bringing everyone together under one roof.

Keeping Up with Growth

Palmetto Citizens isn’t just stopping at a new building. They’re on a path of expansion that goes beyond their current eight-county service area, and plans are in place to grow their member base, which currently sits at 84,000. They have set their sights high, aiming to expand their workforce to 500 employees and boost their assets to an ambitious $2 billion in the near future.

A Nod to History and Future Development

What’s even more intriguing is the site’s historical significance! It overlooks the very spot where Palmetto Citizens began back in 1936, adding a touch of nostalgia to the new construction. As the new headquarters takes shape, residents can look forward to some fun features like ground floor retail space and spaces designed for local non-profits and restaurants, making this building a community-friendly destination.

Parking and Convenience on the Agenda

Worried about parking? Don’t be! A 325-space parking garage will be constructed behind the new headquarters, ensuring ample space for visitors and employees alike. Convenient access will make this new location even more appealing for those who rely on Palmetto Citizens for their banking needs.

What’s Happening Now?

Construction is already underway! Since January, crews have been working on soil compaction and leveling, which has prompted some minor vibrations in nearby buildings. But don’t worry; that’s just a sign that progress is being made! Richland County tax records indicate the total value of the land and buildings set for clearance exceeds an impressive $3 million. In March, permits for foundation work were issued, valued at over $325,000, and cement is expected to be poured this April. The summer will see steel framework rising, signifying that this project is moving full steam ahead.

Mark Your Calendars

While there’s still some time before the grand reveal, the whole community is on the edge of their seats, anticipating completion in 2027. Columbia is ready for some exciting changes, and with Palmetto Citizens leading the charge, it seems the future is bright for this vibrant city!

All in all, this new headquarters is not just about buildings and offices, but also about creating a community space where services and smiles can thrive. As Columbia gears up for this ambitious venture, residents can be proud that something monumental is coming their way!