Bank of America to concentrate New York City presence in Midtown

Source: Bank of America

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.

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