RITZ CARLTON AND NEW BANK TOWER


Charlotte is quickly gaining "big city" status as the big players move into Center City Charlotte. Along with the recent announcement of Ruth's Chris Steakhouse, we are now getting another high end national chain, a Ritz Carlton hotel. On this same block of land, Bank of America has shown its commitment to the city by announcing a new 32 story office tower. See the following information from the Charlotte Business Journal:

Bank of America Corp. plans to build a 32-story office tower next to the Ritz-Carlton Hotel under way near its uptown headquarters. The addition of the tower boosts the project's value to $450 million. The office is slated to open in 2010. The new project will include an enclosed glass atrium and winter garden. A glass walkway will cross College Street, connecting the complex with Founders Hall off The Square. New parking of more than 700 spaces is planned for the tower, which will BofA says will be one of the most environmentally responsible office buildings in the Southeast. Chief Executive Ken Lewis is slated to hold a noon press conference to provide details. Construction had started earlier this year on a 150-room, 17-story Ritz-Carlton at the site at Trade and College streets. The site had been used for parking over the past decade.