ERIE, Pa., Nov. 11, 2016 /PRNewswire/ -- Executives of Erie Indemnity Company (NASDAQ: ERIE) today announced the construction of a new office building on the Erie Insurance Home Office campus in downtown Erie, Pa. The 346,000 square foot building will be located on East Sixth Street next to the historic Erie Insurance Heritage Center and extending to East Seventh and French Streets. Total building and related project costs are estimated to be $135 million. Construction is expected to begin in spring 2017, lasting about three years.
At a news conference earlier today, Erie Insurance CEO Timothy G. NeCastro said the new building will ease capacity issues for Erie County's only Fortune 500-headquartered company. "The buildings on our main campus are at full capacity with little room for expansion. Our master campus plan calls for another large office space to accommodate ERIE's growth needs today and into the future."