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Ally Charlotte Center (f/k/a Tryon Place) - 26 floors - 427'

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1 hour ago, KJHburg said:

very interesting that Ally is upping their lease to 742,000 sq from 400,000 sq ft.  To me maybe Crescent will start this rumored tower nearby.  JLL was supposed to move in Ally too I guess they are not now.    This is a very significant development as this tower was supposedly 75% preleased now it is 100% preleased.  It is indeed time to announce and start work on their next tower.  

Where is Crescent's nearby site on which a new tower might rise?  This sounds very promising.

Edited by SydneyCarton
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1 hour ago, Hushpuppy321 said:

Does anyone know if Ally Center (742K SF) would actually be large enough to be the New HQ for Ally?

A few things are a mystery to me with this project.  It was reported earlier in this thread that this building, which was designed for Ally, wasn't even large enough to contain all of Ally's operations here, so some people were moving to this new tower while some were staying in the old one on Church St.  So the obvious question to me was why didn't they just build it bigger to accommodate their current or future expansion needs?  If you had a size 10 foot and growing, why are you shopping for size 8 shoes?   Now maybe all of their folks here will fit with the news of them taking all the space, I don't know.  But then why didn't they just take all the space to begin with if they were saying they didn't have enough space and needed to keep some folks in Church St. again?  It's murky to me.  Maybe it all comes down to the number of elevator banks they could fit.  That always seems to be a huge factor.  

And the reasoning for Ally to not be HQ'd here is equally cloudy.  They were GMAC so they don't want to move from Detroit because of PR or posterity or something to that effect?  Even though all the C-suite people are here and they have a huge operation here?  I'm thankful they are investing so heavily in the city on multiple fronts, but their organization is odd to me.   But there are lots of people much smarter than me here that probably know the reasoning.  

Edited by turbocraig
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7 minutes ago, CLT2014 said:

Biggest reason HQ is in Detroit.... nearly all the core employees that drive the Dealer Financial Services business are based in Detroit, including the President of Ally Auto and the President of Ally Insurance. These two business units delivered 91% of all pre-tax income at Ally in 2019. Charlotte is a major IT hub and main hub of their bank division, but the main revenue division is in Detroit. 

Thank you for that.  Their website lists HQ as Detroit, but then "Corporate Center" as Charlotte.  So the reason the C-suite people are here is... they just like the weather?  If banking is just a small part of what they are, then why not have them in Detroit?  I feel like there were some legacy BofA people that were involved in the genesis of this.  I remember Al Demolina.  Maybe they just didn't want to move.  Like why Brian Moynihan is in NY.

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13 minutes ago, turbocraig said:

Thank you for that.  Their website lists HQ as Detroit, but then "Corporate Center" as Charlotte.  So the reason the C-suite people are here is... they just like the weather?  If banking is just a small part of what they are, then why not have them in Detroit?  I feel like there were some legacy BofA people that were involved in the genesis of this.  I remember Al Demolina.  Maybe they just didn't want to move.  Like why Brian Moynihan is in NY.

Yes, essentially legacy Charlotte bank people got involved and didn't want to move. And the deposit business is very important to the company because it funds the auto loans and is important for future diversification, but the Auto team drives the revenue side of things. Hence the top leaders of the Auto businesses continue to be based in Detroit (in addition to the Chief Marketing Officer, Head of HR, et.) 

Edited by CLT2014
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11 hours ago, KJHburg said:

If you figure ~175 sq ft/employee (rough estimate based on industry averages) in 725,000 sq ft ... that's room for more than double 1,300 employees

at 175 sq ft / employee you can fit ~4100 employees in 725,000 sq ft of office -- that is a huge jobs announcement!

Edited by Scribe
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31 minutes ago, Madison Parkitect said:

Once the new Duke tower is done they'll get a giant crane to pick it up and put it on top of Ally and then they'll start on a new Duke tower.

They're just leasing the entire tower now instead of part of it.

What Levine also couldn’t do. 

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19 hours ago, KJHburg said:

Drive and walk bys this morning.  What is the official height of this building that is now 100% leased isn't it less than 400 feet?   anyone know.  the JW Marriott hotel is flying up.  

IMG_3507.JPG

 

Ally Charlotte Center is 378 feet / 115.2 meters tall, with 26 floors; anticipated completion in 2021.  Currently, there are 18 completed towers in Charlotte that are taller than Ally Charlotte Center.  The next tallest tower is Charlotte Plaza (a/k/a "Darth Vader" bldg.) which is 388 ft. / 118.3 m. tall, with 27 floors, completed in 1982.  Also, three towers, which are currently under construction, will be taller than Ally, including (i) Charlotte Metro Tower (DEC2) 660 ft. / 201.1 m. with 42 floors, (ii) Intercontinental Hotel, 420 ft. / 128 m. with 32 floors, and (iii) The Ellis, 384 ft. / 117 m. with 33 floors.

LInk:  https://en.wikipedia.org/wiki/List_of_tallest_buildings_in_Charlotte,_North_Carolina

Edited by QCxpat
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52 minutes ago, carolinaboy said:

Maybe that's why the crown completion is stalled (or at least I think it is). Maybe they're trying to figure out if the foundation could support additional floors. This font is not blue.

You would need another set of elevators to go any higher.  That would be enormously expensive.

Edited by ricky_davis_fan_21
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No way they're going to add more floors now, even if they find it's structurally possible. I can't even imagine the cost of that, and it would push the delivery date back by months.

Edited by Madison Parkitect

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2 hours ago, QCxpat said:

According to Wikipedia, Ally Charlotte Center is 378 feet / 115.2 meters tall, with 26 floors; anticipated completion in 2021.  Currently, there are 18 completed towers in Charlotte that are taller than Ally Charlotte Center.  The next tallest tower is Charlotte Plaza (a/k/a "Darth Vader" bldg.) which is 388 ft. / 118.3 m. tall, with 27 floors, completed in 1982.  Also, three towers, which are currently under construction, will be taller than Ally, including (i) Charlotte Metro Tower (DEC2) 660 ft. / 201.1 m. with 42 floors, (ii) Intercontinental Hotel, 420 ft. / 128 m. with 32 floors, and (iii) The Ellis, 384 ft. / 117 m. with 33 floors.

LInk:  https://en.wikipedia.org/wiki/List_of_tallest_buildings_in_Charlotte,_North_Carolina

This is mind blowing to think about because LU1 is almost 300 ft taller but only less than 10 floors higher. Yes I get the crowing adds and floor heights vary but dang. 

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14 minutes ago, Madison Parkitect said:

No way they're going to add more floors now, even if they find it's structurally possible. I can't even imagine the cost of that, and it would push the delivery date back by months.

maybe a full year

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The screening makes this entire building look cheap. I can’t imagine them putting a different material in front of this flimsy see-through stuff, at this point. Because why bother putting this stuff up? 

If the “patience” Crescent is asking for in relation to the sweatband is only going to be lighting at night, and we’re stuck with this in the daytime - I’m going to be disappointed. 

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