CHARLOTTE, N.C., Sept. 20, 2017 /PRNewswire/ -- Ally
Financial Inc. (NYSE: ALLY), a leading digital financial services
company, and Crescent Communities, a nationally recognized, real
estate company specializing in the development of single family,
multifamily and commercial/mixed use communities, today announced
that they have entered into a lease agreement for a new office
building that will be constructed at 601 S. Tryon St in
Charlotte, North Carolina. The new
building, named Ally Charlotte Center, will be centrally located in
Uptown and will provide Ally employees a modern and collaborative
work environment. The mixed use tower will also include
contemporary retail and restaurant space on the ground level which
will be open to the public, adding to the vibrancy of the
surrounding neighborhood. Construction is scheduled to begin in the
first quarter of 2018.
"We are excited for construction to begin on Ally Charlotte
Center, and to be securing long term real estate in this city that
supports all of our local associates and can accommodate future
growth plans," said Jeffrey Brown,
CEO of Ally. "This new commercial community is strategically
located at the center of the city and will offer our team and
business colleagues convenient access to transportation, plenty of
amenities and dining choices, and modern work spaces that we hope
will inspire collaboration and innovation for years to
come."
Ally Charlotte Center will be located in Uptown, at the South
End entrance to the city in the burgeoning Stonewall Corridor. The
Stonewall Corridor has recently experienced rapid growth, with a
number of new residential and commercial development projects
including Crescent's own Stonewall Station mixed use development
that will deliver Uptown Charlotte's first Whole Foods Market in
2018. The location is ideally situated with convenient access to
Interstate 277 as well as the Stonewall Station stop on the LYNX
light rail system.
Plans for the 26-story, 742,000 square-foot office tower include
initial occupancy of approximately 400,000 square feet for Ally and
its teammates, a dedicated parking garage, a full-service hotel and
a ground-level public plaza surrounded by shops and restaurants to
provide a new and vibrant community space in the heart of
Charlotte's cultural and commerce
district. Ally will begin to take occupancy of the new building
when construction is completed in 2021, and plans to relocate
Charlotte-based employees from
other local offices to the new space.
"We are proud to be a part of the growth and development here in
Charlotte, and look forward to
growing our business presence here and continuing to support local
charitable organizations and cultural activities that enhance the
lives of local residents and make this city such a great place to
live and work," Brown continued.
Ally has a strong presence in Charlotte with 1,700 teammates based in the
area. The company also has close ties to the community,
participating in groups that advance financial technology and
innovation in the city, spearheading free financial education
programs for North Carolina
residents, and supporting numerous charitable organizations that
provide resources for people in need.
Crescent Communities, based in Charlotte, is the owner and developer of the
new building. The nationally recognized real estate company
specializes in the development and sale of residential and
commercial/mixed use communities, such as Piedmont Town Center,
Coliseum Centre and the River District in Charlotte.
"We've had an unwavering vision about the type of commercial
community such a location merited and have been patiently searching
for the ideal corporate tenant who'd appreciate a talent-centered
and wellness-focused workplace and could not have found a more
perfect partner in Ally. Conceived from the inside-out with each
design decision made in support of creating an environment wholly
supportive of a talented and diverse workforce, Ally Charlotte
Center will also deliver a street-level experience particularly
focused on placemaking at the pedestrian scale," Crescent
Communities Commercial and Mixed Use President Brian Leary said. "We believe an office tower is
more than steel and glass and are honored to be delivering on this
for such a community-oriented organization such as Ally."
Ally's move to secure new office space in Charlotte is part of the company's larger
strategy to secure long term real estate in its largest regions.
The company made a similar move in April
2016 when it united 1,500 southeast Michigan-based employees to Ally Detroit
Center in downtown Detroit.
Chase Monroe and Chris Schaaf with JLL represented Ally.
Charley Leavitt and Barry Fabyan of JLL represented Crescent
Communities.
About Ally Financial Inc.
Ally Financial Inc. (NYSE: ALLY) is a leading digital financial
services company and a top 25 U.S. financial holding company
offering financial products for consumers, businesses, automotive
dealers and corporate clients. Ally's legacy dates back to 1919,
and the company was redesigned in 2009 with a distinctive brand,
innovative approach and relentless focus on its customers. Ally has
an award-winning online bank (Ally Bank Member FDIC and Equal
Housing Lender), one of the largest full service auto finance
operations in the country, a complementary auto-focused insurance
business, a growing digital wealth management and online brokerage
platform, and a trusted corporate finance business offering capital
for equity sponsors and middle-market companies.
The company had approximately $164.3
billion in assets as of June 30,
2017. For more information, visit the Ally press room at
http://media.ally.com or follow Ally on Twitter:
@AllyFinancial.
About Crescent Communities
Crescent Communities is a nationally recognized, market-leading
real estate company specializing in the development and sale of
single family, multifamily and commercial/mixed use communities.
The company delivers high-quality, differentiated communities in
desirable locations in many of the fastest growing markets in the
Southeast and Southwest. Since inception in 1963, Crescent
Communities has developed more than 60 single family master-planned
communities, over 30 multifamily communities and approximately 20
million square feet of commercial space. For more information,
visit www.crescentcommunities.com.
Media Contacts
Ally Financial:
Sari Jensen
646.781.2539
Sari.jensen@ally.com
Crescent Communities:
Connie Bryant
Skyline, A Wilbert PR Company
404-786-5275
connie.bryant.breedlove@wilbertcompany.com
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SOURCE Ally Financial