Oct 13 2014
Overstock will break ground today at 1 p.m. MT on its new corporate campus, referred to as the "Peace Coliseum," which is anticipated to open during the summer of 2016. Overstock officials have said that from the ground level, the building will look like a corporate glass-and-concrete version of the Roman Coliseum, but from the air, the three-story building will appear as a peace sign.
Aerial View of Overstock.com's New Corporate Campus Referred to as the "Peace Coliseum." (PRNewsFoto/Overstock.com, Inc.)
The groundbreaking coincides with Overstock's 15th anniversary. In discussing why Overstock is embarking on the building project, Overstock CEO Patrick Byrne said, "We're in it for the long term."
The 231,000-square-foot office building will be located in the View 72 Corporate Center on 19 acres of land at 7295 S. Bingham Jct. Blvd. (approximately 930 W.) in Midvale, Utah. In addition to the central office building, the campus will include an amenities building, park-like open green space and a parking structure. The estimated project cost is nearly $100 million.
The campus will host several on-site amenities such as a cafe, fitness center, health clinic and daycare. Overstock is also considering an on-campus greenhouse to provide fresh, organic produce to be served at the cafe.
"It's exciting to be at a point where we can build the Peace Coliseum to unite our employees," added Overstock President Stormy Simon. "It will be the coolest place to work ever."
The developer is Gardner Company, the contractor is Okland Construction and the architect is EDA Architects Inc.
Byrne added, "The building will include contemporary design and will be constructed to the U.S. Green Building Council's LEED Silver certification with the possibility of Gold. The building's state-of-the-art heating/cooling system will utilize heat from the data center to heat the building in the winter and is one of the most energy-efficient systems for providing cooling in the summer. Because the building is adjacent to a Utah Transit Authority TRAX light rail and bus station, it will be exceedingly convenient for employees to take public transportation."