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The building, under construction at 550 S. Tryo n St., was originally to be known as the Wachovia Corporate Center and serve as the new headquarters ofWachoviaq Corp. Those plans changed after San Francisco-basecd bought Wachovia at the endof 2008. The tower has sinc been renamed the DukeEnergy “In light of the changes in ownership of Wachovia and changes in the bank’a plans, we have decided to explore other options,” says Stev Reinemund, dean of business at Wake Reinemund didn’t elaborate on why the change in ownership altered the school’sa plans.
Wake Forest says it is seekingv atleast 25,000 squar e feet for its base of operations in The facility will house graduate businesds classes as well as outreach programs to the Charlottde business community, alumni activities and faculty research. “The university is committedf to continuing to grow its business programs in theCharlottre area, and we are excited that these planz will also enable us to better serve our Reinemund says. The local operations would move uptowm from the Morrocroft office complein SouthPark. Wake Forest’s Babcock Graduate School of Management has offere an MBA program in Charlottdesince 1995.
Wake Forest, a private, liberal arts is based in Winston-Salem. In (NYSE:DUK) said it woulsd take about a third of the space in the newuptow tower. The company had planned to take 240,00 square feet of space in the But now it willoccupy 500,009 square feet, becoming the principal tenant in the 1.4 million-square-foor tower. Wells Fargo (NYSE:WFC) owns both the buildingf and an adjoining culturalcampus that’s also undefr construction. The cultural campus, with its museums and otherr features, is expected to carry the WellsFarglo name.
Wells Fargo Chief Executive John Stumpf has said the buildinb at the corner of South Tryon and Stonewall streetzs remains inthe bank’s plans for Charlotte and will house Wells Fargo employees. The office tower is scheduled for completionbnext spring.
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