Red Canyon banks on old building for future success


The elegant lobby of the former Bank of Titusville and Trust Company will soon be part of Red Canyon Software’s first regional office.


It’s liftoff for Red Canyon Software’s Launch Now project, expected to bring jobs and more to Brevard County. The aerospace engineering and software company, based in Denver, Colo., has announced plans to open its first regional office in Downtown Titusville

“The company will spearhead a rejuvenation project for the historic Walker Bank and Apartment building at 300 S. Washington Ave.,” a City of Titusville press release states.

This will create 20 jobs with an average annual wage of $55,000.

According to the press release: “Revitalization plans include 20 to 24 boutique-style apartments, which will provide housing for the company’s employees, as well as a collaborative workspace for the development of new software and other technologies for the aerospace industry.”

Barry Hamilton, founder and CEO of Red Canyon Software, expressed his vision for Titusville.

“We believe Titusville is uniquely positioned to become the Silicon Valley of Space 2.0. We are exhilarated with the opportunity to revitalize a historic building of this grandeur into vibrant spaces fueled by innovative technology.”

The former Bank of Titusville and Trust Company Building and former Walker Hotel, where the organization will set up shop, have long been fixtures in Downtown Titusville. Both were built in 1924 and occupy nearly an entire city block.

Built in classical beaux arts style, with a grand stairway and trademark outdoor clock, the bank has been inactive since 1985. Through the years it has served other functions, such as a Christmas shop and most recently, a real estate office.

The Walker Hotel’s Spanish Mission style construction was popular in the 1920s. Tourists would dine in a second-floor restaurant and lounge on a spacious upstairs balcony. Launch Now’s development team will reactivate that historic balcony for parade viewing. They also will  renovate a rear balcony, an elegant old clubroom and transform the hotel’s entrance and front staircase to its “historic magnificence.”

Titusville Mayor Walt Johnson said, “Red Canyon is showing that growth will not diminish Titusville’s rich history, but help preserve parts of our past as we look forward to the future.”