International Bancard Corp. plans to grow its payroll by up to 50 employees in the next two years as it settles in to its new ROSSETTI-designed space in downtown Detroit.
The new 10,800 square foot space in a Dan Gilbert-owned building will help attract new employees and retain current ones, David Lafrate, chairman and CEO of International Bancard said. "Building the space out the way we did, being part of the city of Detroit, being a financial transaction company with cool and collaborative space — threading the millennials in with the Gen X and baby boomers," he said in an interview with Crain's.
The hiring is expected to take place over the next 18-24 months and bring between 30 and 50 new employees to the company, Lafrate said. The company, which secured naming rights to the building as part of its lease with Gilbert's Bedrock LLC real estate company, also has an option to take the sixth floor, which would provide space for the planned growth.
Construction began in July and finished in October, costing $1.4 million ($129.63 per square foot) and was provided by Detroit-based Sachse Construction.
ROSSETTI's designers were challenged to create a functional environment that also doubles as a showpiece for potential clients. The 7th floor, which houses the customer service and credit card processing department was designed to be functional + inspiring for employees through the use of bright colors, open workrooms, and a variety of third spaces. The 8th floor serves as a showpiece for clients, reflecting a more sophisticated aesthetic by pairing rough industrial remnants with brick and rich wood. A wood trellis runs through the core of the space uniting the reception, work spaces, and the CEO’s office. Both floors are unified by the use of slotted vertical wood paneling which was inspired by coding and data being transferred through wires. Orange piping installations by Detroit Artist, Aaron Jones embellishes each floors’ ceilings, further unifying both spaces.
International Bancard had been based in Clawson at a comparably sized office at 1239 Anderson Road. "Being out in Troy/Clawson, it really wasn't doing much for us," Lafrate said. "It puts us on more of a national platform, and we've already seen individuals from not only Michigan but other parts of the country take more interest in our space."
Blog adapted from an article written by Kirk Pinho for Crains Detroit Business. To be directed to the original article, click here.