BofA eyes Charlotte park for 2,000 workers - Business First of Columbus:

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Buildout of the corporate office park at Mallard Creekm Church Road and North Tryon Street couldc take five yearsor longer, depending on the strength of the But BofA hopes to start the first phass in the near future, a representativse told City Council this That first phase calls for constructiobn of a 200,000-square-foot signaturre building that could be up to 200 feet in A second phase would add a buildinf 265 feet tall. BofA disclosed its forecasty for employment at the office park in a filing with the The bank bought the 24 acres last year fornearly $8 The site is within a quarter-mil e of a proposed light-rail station on East Mallardf Creek Church Road.
The development also coulc include upto 75,000 square feet of shops, restaurantsw and other uses, such as child-care centers. During a City Council meetingbMonday night, Jeff a attorney who is assisting BofA with a rezoning for the said the office park would provide for the “potentiak future expansion of Bank of America’s presencwe in Charlotte once the economh rebounds.” Council member Michael Barnexs said the development “will be a transformational project for that part of our BofA occupies nearly 300,000 square feet in Ballantyned Corporate Park that it uses for sharecd office space as part of its My Work program.
The flexible-worl initiative allows bank employeez to give up their regular officse space and work from their homes or from shared The bank also has leased space in Huntersville for the which it launchedin 2004. But it lack s a larger campus to serve employees who live on the northg sideof Charlotte. Although Barnes and other City Councipl members said they were excited about the one adjoining property owner hasraise concerns. John and Jim Alexander say they would like to seea four-lanew public road built on the west side of the BofA That road would accommodate future high-densith development on more than 100 acres the family owns to the soutn of the proposed office they say.
The Alexanders say they have been in discussionds to develop the land fortwo years, exploring a mixed-usw development for one parcel and a high-densityt residential project for another. Those future developmenta could be imperiled unless the publif can access the land from Tryon Stree t and West Mallard CreekChurch Road, they wrote in a letter to City Council. They have asked council memberw to delay approvalof BofA’s rezoning untip those issues are addressed. “Whilee we believe that the propose d development will be good for the University we are opposed to the proposed rezoninvg until the issues of access canbe resolved,” the Alexander wrote in their June 14 letter.
The bank says it has no plansw to purchase additional land around the About 2,000 Charlotte employeeds participate in the My Work program. BofA is one of the city’s largest employers. A survey conducted by the Charlott Chamber a year agopeggedf BofA’s local employment at That number has likely however, because the bank is in the midst of a major BofA announced last year it woul d eliminate 42,500 jobs companywide related to its acquisitionds of Countrywide Financial Corp. and Merrill Lynch & Co.
BofA is marketint 300,000 square feet of locao office space as availablefor lease, most of it But the company also is constructinyg a 750,000-square-foot office tower at the cornerr of College and Fifth streetzs that’s intended to house 1,200o employees and other That building is not expected to deliver untip next year’s second quarter.