The massive lease will allow Bank of America to consolidate many of its employees into one space that will boast the company’s name and branding on the building. There is still no confirmation as to whether or not other Bank of America leases around the city will continue. The new building is also only a block away from Bank of America Stadium, further cementing the company’s presence in the city. Plus, this new tower is just one of many additions to the continued development of the Stonewall Street corridor.
The site of this Bank of America building used to be home to the Observer and Reeves Sheet Metal, and it totals 10 acres that was sold for $37.5 million last year.
With more than 845,000 total square feet available in the building, there is still plenty of space up for grabs, even with all of the square footage that Bank of America will occupy. Construction is underway and so is leasing, but completion of the building is going to take some time.
Bank of America has been a major player in the corporate and financial scene of Charlotte for years, and for more details and information on what this move means for the company as well as what this construction project means for Charlotte development as a whole, be sure to read the full article at CharlotteObserver.com.