In October, it was Paetec announcing a move of its headquarters downtown. Last week, ESL Federal Credit Union CEO Dave Fieldler announced at a morning press conference that ESL would be the next local company to move downtown. ESL will build its new $50 million headquarters on the current site of a city owned parking lot at 225 Chestnut Street, across from the Strong National Museum of Play. Initial drawings show a modern 180,000 square foot building that will rise 6 stories and will be connected to a new parking garage. Construction is planned to start at the end of this summer, and ESL plans to move its 300 employees into the new facility in 2010. This follows over two years of the city trying to woo the company downtown and several incentives including selling the property at below market rate. City leaders commented that the new building will be a welcome addition to the city's southern entrance. The project will be managed by local architectural and engineering firm Labella Associates, the same firm appointed by the city to lead redevelopment at the site of Midtown Plaza.
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