Overstock.com, Inc. (NASDAQ:OSTK) Announced To Break Ground on New Corporate Campus

Boston, MA 10/13/2014 (wallstreetpr) – According to reports, Overstock.com, Inc. (NASDAQ:OSTK) decided to break ground on a new corporate campus on October 10, 2014. As per the information, OSTK terms it as ‘Peace Coliseum,’ and thinks that it would open by summer of 2016.

Insights of the announcement:

According to OSTK officials, the new building looks like Roman Coliseum’s corporate glass-and-concrete version when people see it from the ground. At the same time, it will look like peace sign when people will see it from the air. Overstock.com, Inc. (NASDAQ:OSTK) has taken this decision on its fifteenth anniversary. On the question of the main reason behind this decision of OSTK, its CEO Patrick Byrne said that the company was eyeing long-term vision. As per the information, this new 231,000-square-foot building will be situated on 19 acres of land at 7295 S. Bingham Jct. Blvd., Utah in the View 72 Corporate Center.

Apart from central office building, this world-class campus will also include an amenities’ building, a parking structure and park-like open green space. As per the information, the estimated project length will be close to $100 million. There will be a lot of eye-steering amenities on campus, which will include a fitness center, cafe, day care and health clinic. Apart from these amenities, Overstock.com, Inc. (NASDAQ:OSTK) is also planning to form an open greenhouse space, in which it can produce various organic and fresh products that can be used at the cafe.

Entire management team of OSTK is extremely delighted with the execution of this dream project. According to Stormy Simon, President, Overstock.com, Inc. (NASDAQ:OSTK), it will be very helpful in uniting the entire workforce of the company. He thinks that it will be the best and coolest place to work. Employees will find everything in this campus, which will not only enhance their productivity, but also OSTK’s brand value as well.

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Published by Flavia Carruth

Hi, I am Flavia and have done my MBA with finance as specialization and a Bachelor in Economics with 4 years of experience as Financial Analyst in leading Software Firm. I have passion for article writing, report making and stock market Analysis.

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