X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHARLOTTE-Bank of America Corp. plans to develop a 24-acre University-area site as a satellite campus, according to the Charlotte Business Journal. The company says more than 2,000 workers could eventually be based there.

Buildout of the corporate office park at Mallard Creek Church Road and North Tryon Street could take five years or longer, depending on the economy. But BofA hopes to start the first phase in the near future, a representative told the Charlotte City Council last week.

The first phase calls for a 200,000-square-foot signature building up to 200 feet tall, followed by a second 265-foot structure. The development also could include up to 75,000 square feet of shops, restaurants and other uses, such as child-care centers.

BofA bought the 24 acres last year for nearly $8 million. Click here to read more from the Charlotte Business Journal.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.