The $6.7 billion diversified financial services company didn't disclose the hard construction cost of the 11.58-acre project in a prepared statement. But Miami area construction industry estimators tell GlobeSt.com on condition of anonymity the caliber of building planned by F.N.B. can't be built for less than $150 per sf or a total $18 million.
Each of the three buildings will be 40,000 sf. A new bank branch may also be built on the site after the computer center buildings are completed by October 2003.
The site is on the northeast corner of Interstate 75 and Immokalee Road in northern Collier County. The information technology center will have a staff of 270, according to the company's statement.
"This expansion is part of an ongoing effort to position our company for future growth," Steven C. Powell, F.N.B.'s executive vice president/chief technology officer, says in the statement. The new center replaces a smaller facility at another Naples area location.
The center will also allow the company, headed by chairman Peter Mortensen, to run its daily banking, insurance and consumer finance operations from one computer instead of three, Powell says.
Besides its 43 full-service financial centers in six counties in southwest and central Florida, F.N.B. operates banks in Pennsylvania, Tennessee and Ohio.
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