Star Bank cuts ribbon on downtown Fort Wayne HQ
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After more than three years of planning and construction, Fort Wayne-based Star Financial Bank cut the ribbon Thursday on its $45 million headquarters in the city’s downtown.
The development features two buildings totaling more than 80,000 square feet, as well as a 400-space parking garage.
Located at 215 W. Main Street, the opening of the facility comes as Star Bank celebrates its 25th anniversary of being headquartered in Fort Wayne and just one year after the bank marked its 80th year in business.
“Star Bank has a long-standing history of supporting the communities it serves. The new headquarters building represents a significant investment in Fort Wayne and Northeast Indiana, demonstrating the bank’s commitment to the region’s economic prosperity,” CEO Jim Marcuccilli said in a news release. “Our new headquarters allows us to enhance its ability to deliver exceptional financial services and contribute to the growth and success of the local community.”
The bank said it retained 220 employees, who have relocated to the new headquarters.
The project includes the seven-story, 57,300-squre-foot North Tower and the three-story, 23,300-square-foot South Tower. The towers are connected by the parking garage, which is being supported through a long-term lease with the Fort Wayne Redevelopment Commission.
The bank said nearby locations such as The Bradley Hotel and Fort Wayne Parks and Recreation’s Community Center will benefit from the additional public parking created by the garage.
“This state-of-the-art facility not only strengthens our local economy but also underscores the importance of collaboration between public and private sectors,” Mayor Sharon Tucker said in written remarks. “We can do great things as a city when we work together with business leaders to invest in the public infrastructure needed to grow our economy.”
Star Bank acknowledged its investment partners in the project, including Tim Ash, Tony Brita and Loren Bunnell. A spokesperson told Inside INdiana Business that Ash and Bunnell own the first and second floors of the South Tower, and plans for those spaces have not been finalized.