SANTA MARIA, Calif. — Having just surpassed $1 billion in assets, CoastHills Credit Union has unveiled plans for a new 90,000-square-foot corporate headquarters at a landmark location here.
The credit union said the $25 million, three-story corporate building will occupy a highly visible parcel of the Enos Ranchos development.
As our asset total shows,” CoastHills President/CEO Jeff York said in a statement, “we’ve seen tremendous growth over the past decade, particularly after adopting a state charter in 2014. With an expanded field of membership that now runs up and down the Central Coast from Santa Cruz to Thousand Oaks, it makes sense to plant our headquarters in a convenient, centralized and accessible location right in the heart of our membership base.”
The 16-acre parcel housing the corporate headquarters in Santa Maria will be dubbed the CoastHills Center, and separate buildings will also be home to Lowe’s Home Improvement and multiple retail/restaurant locations, according to CoastHills. An entire floor of the CoastHills headquarters will initially be available for sublease to local community businesses with the intention for the credit union to grow to fill the space in the decades to come, the credit union said.
The site is well known for a historical landmark, the Smith-Enos Ranchos farmhouse, which was relocated in June of 2016.
Included in the design is a state-of-the-art credit union branch on the bottom floor, which will be modeled similarly to CoastHills’ new Ventura County branch, located at 125 N Moorpark Rd. in Thousand Oaks, the credit union said. That location is CoastHills’ first to utilize Interactive Teller Machines (ITMs), which service members through a virtual face-to-face experience with a live member services officer.
Aside from the banking branch, the rest of the corporate headquarters in Santa Maria includes office space for more than 150 employees and room to grow. Including branch staff at 12 locations on the Central Coast, CoastHills currently employs 230 people and is projecting to add up to 150 new jobs within the next decade.
The space will also include a large meeting room/auditorium for up to 300 people with the second floor slated for future growth and potential subleasing. The facility will be more than double the size of CoastHills’ current headquarters in Vandenberg Village.
Groundbreaking on the new facility is expected to take place in the second quarter of 2017 with construction scheduled to be completed in late 2018.
A video of the new facilities can be found here.