Mutual of Omaha, an Omaha, Nebraska-based mutual insurance and financial services company, has begun construction of a 44-storey headquarters tower in downtown Omaha.

This 677-foot tall office tower is scheduled to open in 2026.

The groundbreaking ceremony was attended by Mutual chairman and CEO James Blackledge along with Omaha Mayor Jean Stothert, and other dignitaries.

The headquarters tower will be built in a way to support flexible work approaches – in-person, remote and hybrid work modes.

Blackledge said: “We are creating a hub for work at Mutual of Omaha – a dynamic and inviting place where our associates come together to work, to collaborate, to innovate, to serve our customers and to build on the culture that makes Mutual of Omaha such a special place.

“That’s why we are calling our new headquarters Project Beacon. It will be a beacon inviting our employees to a new, modern workplace from which to fulfill our noble purpose of helping our customers protect what they care about and build their financial futures. It also will be a beacon for vitality, development and investment in our downtown.”

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The building will feature about 800,000ft2 of office, meeting, collaboration and amenity space. Mutual’s present headquarters has around 1.7 million ft2.

Furthermore, it will provide parking space for 2,200 vehicles in the garage. This parking space can be used by Mutual associates during business hours and the community during evening and weekend hours.

Its street-level lobby will boast of conference space besides an “experience centre” that will showcase the company’s history, brand and impact on customers.

The building’s ‘sky lobby’ is designed to welcome associates from the parking facility.

Its 16th to 20th floors will feature food services with various culinary offerings, a fitness centre, employee wellness services, concierge technical support services, conference and meeting spaces.

The sky lobby floors will have landscaped terraces providing outdoor dining, meeting and fitness spaces for the company’s associates.

The building’s 44th floor will have conference facilities emphasised by extensive views from a two-storey atrium.

Blackledge added: “As a customer-focused company, we worked closely with our design team to create a headquarters that is appropriately sized, adaptable to ways of working that may emerge in the future and able to serve our policyholders in an effective and efficient manner.”

Mutual of Omaha’s headquarters project is being developed by Lanoha Real Estate Co.

The mutual insurance and financial services company is also working with a design team that includes global architecture firm HOK for interiors; design architect Pickard Chilton; architect of record Kendall/Heaton Associates of Houston; and Omaha-based Alvine Engineering.