OMAHA, Neb. (AP) — A construction and engineering company is moving its new headquarters to downtown Omaha.

Kiewit Corp. reached a "memorandum of understanding" with Mayor Jean Stothert on Tuesday, the Omaha World-Herald reported . The city will vacate the area near the development and help the company acquire the rest of the land it needs. The company is working to purchase one more parcel of land, officials said.

The downtown location is across the street from Kiewit University, the company's training center that opened in February. Kiewit Corp. says the new headquarters will anchor a key two-block stretch of north downtown Omaha, linking TD Ameritrade Park and other developments with Creighton University.

"The new headquarters will give Kiewit's Omaha-based employees a location suited for greater collaboration and interaction as they continue to support Kiewit's nearly 20,000 other employees delivering construction and engineering projects," the company said in a press release Thursday.

Company officials said they hope the facility will continue to encourage development in the area.

Kiewit Corp. has hired Noddle Development Co. and architecture firm HDR Inc. for the project.

The office building and parking garage will be able to hold up to 650 people. The project may cost as much as $76 million. The office building will likely be between five to nine stories tall and have 165,000 to 185,000 square feet, said Jay Noddle, president and CEO of Noddle Co.

"We're just starting in on the design process," Noddle said. "We're concerned about developing a highly efficient and high-quality campus and fitting into the neighborhood."

Officials hope to begin construction as soon as possible and Kiewit Corp. may be able to move into the facility as early as 2020, Noddle said.


Information from: Omaha World-Herald,