A five-story building at 225 Holmes Avenue in downtown Huntsville, the future home of Bank Independent and Prince Holdings along with other to-be-named tenants, and lead construction firm Robins & Morton on Monday held a “topping out’’’ celebration.

The topping out signifies the placement of the final beam and represents the structural completion and mid-point stage of the project.

Once complete, the 77,000-square-foot office building will provide Class A office space and ground floor retail. Bank Independent’s Madison County headquarters will serve as anchor on the ground floor and will occupy offices on the second and fifth floors.

Other tenants are being sought.

“The rest of the leases can be customized once the rest of the tenants are identified,’’ a Robins & Morton representative said.

Both Bank Independent and Prince Holdings currently have office locations located on Holmes Avenue.

“We are excited to be one step closer to our new downtown office,” Macke Mauldin, President and CEO of Bank Independent, Inc., said in a press release. “Bank Independent is invested in the future of Downtown Huntsville, and we look forward to watching the continued growth around 225 Holmes Avenue.’’

The new building is located on the corner of Greene Street and Holmes Avenue across from the new city parking deck.

Nola I VanPeursem Architects is serving as the architectural firm for the site. Colliers International | Alabama is the leasing agent.

“This milestone is a testament to the hard work of the craft professionals on this project,” Division Manager Mitch Coley said. “We’re appreciative of the trust placed in us by Prince Holdings and Bank Independent to construct their new building, and of Nola VanPeursem Architects for their confidence in bringing their design to life. We can’t wait to see this building open and housing more businesses in Downtown Proper.”

Bank Independent is rooted in the Northwest Alabama area. Founded in the Colbert County town of Leighton in 1947, the bank now serves 18 communities. Its name evolved from The Bank of Leighton to First Colbert Bank and First Colbert National Bank after moving headquarters from Leighton to Sheffield.

The bank merged with the Bank of Florence and became Bank Independent in 1982, and moved into Huntsville in 2014.

Prince Holdings is a local, family owned and operated asset management firm with a strong emphasis on community reinvestment projects since 1016.