Davenport`s Hilltop Campus Village will welcome its long-awaited new neighbor this Friday when ground is broken at the southwest corner of Brady and Locust Streets for a new branch of Ascentra Credit Union. A ground-breaking ceremony will be held at 4:00 p.m. by the Quad Cities Chamber of Commerce.
Ascentra purchased the site nearly two years ago, but has been waiting until its operation on 53rd Avenue in Bettendorf had been completed and was operational. "In the meantime, we had merged in the Scott Schools Credit Union nearby and have been positioning ourselves to be of service to this part of our community," said Ascentra President and CEO Dale Owen. "This is a wonderful location for our business, and we have been very pleased to work with the City staff, the City Council, the Design Review Board and the Hilltop Campus Village organization."
The building will be located near and on the site of the former Professional Arts Building, an office building that was demolished in early 2012. Ascentra purchased the 0.85 acre site in early 2013.
"Ever since it was purchased by Ascentra, we had been in close contact with their people," said Hilltop Campus Village Board President Robert Lee. "Our director Scott Tunnicliff had made contact early on to provide help and support for their planned expansion into the Hilltop Campus Village. They will be a great addition to the area."
Plans call for an investment of over $1 million. The facility will be 3,468 square ft., with significant landscaping, drive up window and parking for 24 vehicles. Employment numbers at this point are expected to be in the range of 6 - 8 with an anticipated opening set for spring 2015.
