The Bank of America Center is a 404-foot skyscraper in Downtown Orlando.
The building is one of the tallest in the city, and is a unique part of the skyline. Its collection of 10 spires gives it an almost gothic appearance, and its staircase design makes it similar in appearance to another Bank of America building in Houston. The building was owned by Cousins Properties of Atlanta, Georgia and sold in January 2018 to Southwest Value Partners based in San Diego, California.
Video Bank of America Center (Orlando, Florida)
History
April 1985, the Pillar-Bryton Company announced plans and unveiled the model for a new development in downtown Orlando, Florida on a 10-acre site off Orange Avenue named "du Pont Centre", the overall project cost was estimated to be $400 million once completed, with the first building costing $78 million. The announcement was made by the owner of the development company and an Orlando resident which was William DuPont III, heir to the Du Pont family fortune. At the time in 1985, Forbes estimated the 32-year-old heir wealth to be at least $125 million. William du Pont III would later sell the remaining undeveloped property followed by selling his interest in the ownership of the building in 1990's caused by other business deals and bad investments.
Currently, the building is slated to be undergoing $1-2 million renovations every year up until 2020 which may total $8 million by the current owners. The current owners acquired the property via its acquisition of Parkway Properties in a multibillion-dollar deal. Parkway Properties purchased the building in May 2011 for approx. $61 million.
In January 2018, it was reported that a San Diego-based real estate firm Southwest Value Partners purchase the building for $81.86 million along with two other downtown Orlando buildings in a package deal valued over $208 million.
Maps Bank of America Center (Orlando, Florida)
References
Source of article : Wikipedia
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