Duke Energy Plaza Headquarters | 40 Story formerly Charlotte Metro Tower

[Richhamleigh, DC]

3 hours ago, Crucial_Infra said:

The tallest building in Atlanta is 1023' so I assumed it was that..

Yes, but watch them add an 18" tomato stake to the top so they keep thinking Atlanta is the center of the known universe.

Edited May 29, 2018 by Phillydog

[CLT704]

I mean Atlanta was petty enough to stick the spire crown thing on top of BAC Plaza to avoid being beating by BAC Corp here, so I think it's only fair to play ATL at their own game. 

[CharlotteWkndBuzz]

42 minutes ago, SydneyCarton said:

 

It's time for Charlotte to have a 1,000' tower.  They're building them like wildfire in NY and, to a lesser extent, in Chicago.  The Queen City deserves a new crown.

I agree. I recall a lot of people on here never wanting another building surpassing BOA. I love that building just as much as the next person, but it's been over a quarter of a century since it's been built and in times during our "banking" days. Charlotte does deserve a new tallest and I think it's very fitting that it would be built by someone other than a big bank.  Symbolic of how we are just more than a banking town, but how we have evolved as a city. We are now a much broader city for industries including fintech, energy, distribution, and transportation.  

Edited May 28, 2018 by CharlotteWkndBuzz

[Popsickle]

All I hope is that this tower gets built at the speculated height. So, "Bank Town" will have a new tallest by a utility provider and spur BoA to one up them. 

[Richhamleigh, DC]

1 hour ago, CLT704 said:

I mean Atlanta was petty enough to stick the spire crown thing on top of BAC Plaza to avoid being beating by BAC Corp here, so I think it's only fair to play ATL at their own game. 

Exactly!

[QClifer]

How many people work in the BofA main Corp building? Curious how many people a similar size building built buy duke would add to downtown, lunch crowd, cars etc? 4000 people?  I have no clue

[upstate49er]

I think it's around 150 square feet per person.  So, 4,000 people should be around a 600k building.

[49er]

A Duke employee told me last week that Duke plans to move out of the current headquarters and eventually demolish the power building or whatever the old headquarters is called. He made no mention of height but it sounds like a consolidation to one big headquarters building. Considering egos, why would Duke move into a shorter, less iconic building than their current leased headquarters?

[Dale]

Might we see Duke relocate to a new tallest and see other firms lease the current DEC ? Or would Duke still need both ?

[15895]

This might be sexist of me to say. But when I think of building taller skyscrapers based on ego, I think of older white greyhaired men 

 

it would be cool if Duke entered into a dick measuring contest with a female CEO and those amazing scarfs she wears.  Get the Crutchfield/McColl treatment. 

Edited May 29, 2018 by AirNostrumMAD

[Tyrone Wiggum]

14 hours ago, Phillydog said:

Yes, but watch them add an 18" tomato stake to the top so they keep thinking Atlanta is the center of the known universe.

Nope, peach tree

[DMann]

I think the big story here is going to be what replaces the old Duke Headquarters building.  Being directly across from Legacy Union, BOA Stadium, close to Romare Bearden, across from Museum Towers, that is the spot that I think needs to be discussed.

[jtmonk]

@DMann, I was thinking the same thing!  Great piece of property that is begging to be redeveloped. 

[CharlotteWkndBuzz]

Since Duke owns the old HQ building/land...would it be out of the realm to think Duke could sell that lot they bought to the city for their convention hotel/expansion and build their new tower where the old one currently sits?  Like Dmann stated though...that lot regardless is going to be prime real estate, tons of potential! 

[cjd5050]

 So if Duke builds the tallest building in Charlotte on this site + all of the development on Stonewall + the possibility of another large tower at the old Duke site....  It's possible that the Stonewall view becomes the new skyline and could almost erase the BofA tower from the skyline.    

 

[DMann]

We were all surprised to see BOA secure space in Legacy Union, perhaps they move the Corporate Center to the new largest building in the Southeast on that old Duke site.  

[Popsickle]

Just now, DMann said:

We were all surprised to see BOA secure space in Legacy Union, perhaps they move the Corporate Center to the new largest building in the Southeast on that old Duke site.  

Love me some speculation on speculation!!!

[KJHburg]

You mean we might lose this gem of a brutalist  building on S Church ?   In terms of BofA they own the corporate center tower not likely to leave it for a new tower anytime soon.  They are pushing tenants out as we have talked about to take more and more occupancy there.  As I stated earlier Duke Energy the largest investor utility in the country has no corporately owned tower outside of this one on S Church that was built in the 1970s.  

[Tyrone Wiggum]

Not to be a wet blanket, but....

The current real estate environment reminds me of 2008 minus the NINJA loans.  I was looking at a house last month and it had 20 bids within three days and sold for almost 20% over list; I wasn't even close.  Granted, residential != commercial,  but we're almost at 2008 levels of median income to real estate valuations, with no signs of slowing down.

Any chance this thing gets shelled in an economic downturn or are we at a place where this has to get built regardless?  It wasn't so long ago that Trump, Epicenter 1.0, One Charlotte were coming, nor that long since The Park sat empty for years.

[KJHburg]

^^^ this is not about high rise for sale condos.  This is office space and if Duke wants to consolidate their office space into a tower they own that is much better for them in the long run financially.  And I am sure they are thinking long time.   if you look at the buildings uptown under construction all are 65/70% pre leased like Tryon Place or Legacy.  Office developers have been very restrained in this market.

In terms of houses, there is a shortage of homes under $250K -300K in this region and that is not changing in the foreseeable future. Why? No inventory of homes are being built in that price range or very limited so the existing supply of homes in that price range is not growing even though that is the biggest market of buyers are in that price range.  Over $600K+ I would say those are increasing maybe a little too much and that market is not as competitive as the lower  price ranges.  Charlotte unfortunately is getting to become a more expensive place to live however entry level housing is now tough all over the country due to materials cost, land costs, and government regulations etc. 

 

[grodney]

On 5/25/2018 at 5:41 PM, atlrvr said:

Hearing this tower may be growing...

And Leon's getting laaaaarger!

 

[TheOneRJ]

All of this fan fiction. 

[nakers2]

So, assuming all these rumors and speculations are true.

• Bank of America is consolidating more space in their corporate tower, so by default, causing smaller tenants to scramble for new space.
• Duke Energy's lease in their namesake (but not owned) tower is nearly up.
• Duke Energy plans to demolish their old, fully owned building on Church Street.
• Duke owns the lot across from their namesake tower.
• The city wants a 1000 room convention hotel.

It would seem then that with an influx of people needing office space, and Duke's (or any company's) ideal setup of having all their employees in one building, and the destruction of their old headquarters, and the vacating of their largest lease, the viability of a large office tower is there.

There's plenty of space for Duke, plenty of space for displaced tenants, and plenty of room for growth/large brands who would love to have the address of one of the nation's tallest towers. Not to mention either an integrated convention hotel, OR using the parking lot site as the site for a massive hotel complex, with more convention space to boot, while building the new tower on the old Duke building site. 

Another possibility that I don't see as too far fetched is that Duke could very well 'donate' the site for the convention hotel considering the city is looking for a way to help subsidize the construction, and therefore it leaves the city owned lot on the other side of the Nascar plaza open to other use, perhaps another smaller hotel, or more meeting space for our sprawling convention center. 

Regardless, there are endless possibilities, but the stars mentioned in the bullet points above have the potential to align to create a massive tower with Charlotte's name written all over it.

[CLT704]

21 minutes ago, nakers2 said:

 

• Duke Energy's lease in their namesake (but not owned) tower is nearly up.

Does anyone know if Wells Fargo wants more space in the power tower? 

[deleted]

5 hours ago, Tyrone Wiggum said:

The current real estate environment reminds me of 2008 minus the NINJA loans. 

Minus the NINJA loans is obviously a big difference.  That said, agree it is getting crazy.  I doubt we will see the likes of 2008 any time soon but a correction is definitely coming and it will impact Charlotte.  For those of us looking to buy real estate, it won't necessarily be a bad thing (at least in that regard).  I will look at the next downturn as a big buying opportunity (I wasn't liquid last time but I am now).  

Edited May 29, 2018 by JBS