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:
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 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.