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CHARLOTTE-First Union has broken ground on a four-story, 800-car parking garage at First Union Commons, its mixed-use venture on South Tryon Street. The bank also plans to convert the 70-year-old Ratcliffe Florist Building to 35,000 sf of office and 24,000 sf of retail.

Developer Childress Klein anticipates a 2001 yearend completion for First Union Commons.

City planners and the bank have agreed to make east-west First Street more pedestrian friendly, connecting Ericsson Stadium and its parking deck with the Convention Center behind First Union Commons.

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