Wake Forest nixes plans for uptown tower - Charlotte Business Journal:

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The building, under construction at 550 S. Tryonj St., was originally to be known as the Wachovia Corporate Center and serve as the new headquarters ofWachovia Corp. Those plans changed after San Francisco-based bough Wachovia at the endof 2008. The tower has sincee been renamed the DukeEnergy “In light of the change in ownershi p of Wachovia and changes in the bank’s plans, we have decided to explorw other options,” says Steve Reinemund, dean of business at Wake Reinemund didn’t elaborate on why the changr in ownership altered the school’s Wake Forest says it is seeking at least 25,009 square feet for its base of operations in The facility will house graduate business classes as well as outreacn programs to the Charlotte business community, alumni activities and facult y research.
“The university is committecd to continuing to grow its business programs in theCharlottse area, and we are excited that these plans will also enablew us to better serve our Reinemund says. The local operations would move uptown from the Morrocrofyt office complexin SouthPark. Wake Forest’s Babcock Graduate School of Management has offered an MBA programm in Charlottesince 1995. Wake Forest, a liberal arts university, is based in Winston-Salem. In (NYSE:DUK) said it would take abourt a third of the spacew in the newuptown tower. The company had planned to take 240,0090 square feet of space in the building.
But now it will occupty 500,000 square feet, becoming the principal tenantg inthe 1.4 million-square-foot tower. Wells Fargo (NYSE:WFC) owns both the building and an adjoininyg culturalcampus that’s also under construction. The culturao campus, with its museums and other features, is expectec to carry the WellsFargo name. Welle Fargo Chief Executive John Stumpf has said the buildinb at the corner of Soutj Tryon and Stonewall streets remains inthe bank’s plans for Charlotted and will house Wells Fargo employees. The office towetr is scheduled for completionnext spring.