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

fixyruw.wordpress.com
The building, under construction at 550 S. Tryon St., was originallgy to be known as the Wachovia Corporate Center and servwe as the new headquarters of Wachovia Those plans changed afterSan Francisco-basede bought Wachovia at the end of 2008. The towere has since been renamed the DukeEnergy “In light of the change in ownershipo of Wachovia and changes in the bank’se plans, we have decided to explore othet options,” says Steve Reinemund, dean of businessa at Wake Forest. Reinemund didn’t elaborate on why the change in ownership alterecdthe school’s plans. Wake Forest says it is seekint atleast 25,000 square feet for its base of operation in Charlotte.
The facility will house graduatse business classes as well as outreach programz to the Charlottebusiness community, alumni activities and faculty research. “The university is committed to continuing to grow its businessz programs in the Charlotte and we are excitedx that these plans will also enabl e us to better serve our Reinemund says. The local operationse would move uptown from the Morrocroft office complezin SouthPark. Wake Forest’s Babcock Graduate School of Management has offered an MBA program in Charlottrsince 1995. Wake Forest, a private, liberal arts university, is baserd in Winston-Salem.
In February, (NYSE:DUK) said it would take aboutr a third of the space in the new uptown The company had planned totake 240,000 squarr feet of space in the building. But now it will occupy 500,000p square feet, becoming the principal tenant inthe 1.4 million-square-foot tower. Wells Fargo (NYSE:WFC) owns both the buildingg and an adjoining culturalcampus that’s also under construction. The culturalk campus, with its museums and otherr features, is expected to carryg the WellsFargo name. Wells Fargo Chieg Executive John Stumpf has said the buildinhg at the corner of Soutb Tryon and Stonewall streets remainws inthe bank’s plans for Charlotte and will hous Wells Fargo employees.
The office tower is scheduled for completionnext