Bank of America Center (Orlando)
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Bank of America Center Orlando
Bank of America Center
Bank of America Center.jpg
Former names Barnett Bank Center,
NationsBank at duPont Centre
General information
Type Office
Location 390 North Orange Avenue
Orlando, Florida
 United States
1985
Completed 1988
Height
Roof 123.14 m (404.0 ft)[1]
Technical details
Floor count 28
Floor area 421,203 sq ft (39,131.0 m2)[2]

The Bank of America Center is a 404-foot skyscraper in Downtown Orlando.

The building is one of the tallest in the city,[3] and is a unique part of the skyline. Its collection of 10 spires gives it an almost gothic appearance, and its staircase design makes it similar in appearance to another Bank of America building in Houston. The building was owned by Cousins Properties of Atlanta, Georgia and sold in January 2018 to Southwest Value Partners based in San Deigo, California.

History

April 1985, the Pillar-Bryton Company announced plans and unveiled the model for a new development in downtown Orlando, Florida on a 10-acre site off Orange Avenue named "du Pont Centre", the overall project cost was estimated to be $400 million once completed, with the first building costing $78 million. The announcement was made by the owner of the development company and an Orlando resident which was William DuPont III, heir to the Du Pont family fortune. At the time in 1985, Forbes estimated the 32-year-old heir wealth to be at least $125 million.[4] William du Pont III would later sell the remaining undeveloped property followed by selling his interest in the ownership of the building in 1990's caused by other business deals and bad investments.

Currently, the building is slated to be undergoing $1-2 million renovations every year up until 2020 which may total $8 million by the current owners. The current owners acquired the property via its acquisition of Parkway Properties in a multibillion-dollar deal. Parkway Properties purchased the building in May 2011 for approx. $61 million.

In January of 2018, it was reported that a San Diego based real estate firm Southwest Value Partners purchase the building for $81.86 million along with two other downtown Orlando buildings in a package deal valued over $208 million.

References


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

Bank_of_America_Center_(Orlando)
 



 

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