Bank of America to Concentrate New York City Presence in Midtown
June 12 2019 - 12:30PM
Business Wire
Innovative Midtown Space Will Enhance
Collaboration and Efficiency
Bank of America today announced that it is concentrating its New
York City presence in midtown Manhattan near its New York City
headquarters building at One Bryant Park. Its new development
will include the HBO Building at 1100 Avenue of Americas and three
floors of space in the Grace Building at 1114 Avenue of Americas.
Renovations to create a vital, modern, green workplace begin this
week.
“These investments will create an integrated and innovative
workspace and allow for even greater collaboration across our
teams,” said Anne Walker, market president for Bank of America in
New York City.
When renovations are completed, a large portion of the bank’s
13,000 New York City-based employees will occupy these midtown
Manhattan locations.
Bank of America has modernized employee workspaces in nine
different cities in the United States, Europe, Asia, and South
America. In driving collaboration and efficiency, the overall
real estate portfolio of approximately 80 million square feet has
declined from 120 million square feet in 2010.
Plans for the new development include:
- Bank of America, partnering with owners
Brookfield Property Partners and The Swig Company, will create a
LEED project incorporating solar technology and recycled
materials.
- Office space will be reimagined to
bring employees and clients together in new ways, including:
- Access to modern, flexible
workspaces.
- On-site amenities like dining options,
an employee wellness center, training facilities, and other unique
spaces.
Project development will be completed by 2022.
The 55-story, 2.2 million-square-foot Bank of America Tower at
One Bryant Park was the first commercial high-rise to achieve LEED
Platinum certification in 2012. It houses employees from Bank of
America and other companies, and sits in the heart of Manhattan
across from the expansive Bryant Park.
Bank of AmericaBank of America is one of the world’s leading
financial institutions, serving individual consumers, small and
middle-market businesses and large corporations with a full range
of banking, investing, asset management and other financial and
risk management products and services. The company provides
unmatched convenience in the United States, serving approximately
66 million consumer and small business clients with approximately
4,400 retail financial centers, including approximately 1,800
lending centers, 2,200 financial centers with a Consumer Investment
Financial Solutions Advisor, and 1,500 business centers;
approximately 16,400 ATMs; and award-winning digital banking with
more than 37 million active users, including over 27 million mobile
users. Bank of America is a global leader in wealth management,
corporate and investment banking and trading across a broad range
of asset classes, serving corporations, governments, institutions
and individuals around the world. Bank of America offers
industry-leading support to approximately 3 million small business
owners through a suite of innovative, easy-to-use online products
and services. The company serves clients through operations across
the United States, its territories and approximately 35 countries.
Bank of America Corporation stock (NYSE: BAC) is listed on the New
York Stock Exchange.
For more Bank of America news, including dividend announcements
and other important information, visit the Bank of America
newsroom. Click here to register for news email
alerts.
www.bankofamerica.com
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version on businesswire.com: https://www.businesswire.com/news/home/20190612005744/en/
Reporters May Contact:Susan Atran, Bank of America,
1.646.743.0791susan.atran@bankofamerica.com
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