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One City Plaza, formerly called One Bank of America Plaza, is a 17-story
skyscraper A skyscraper is a tall continuously habitable building having multiple floors. Modern sources currently define skyscrapers as being at least or in height, though there is no universally accepted definition. Skyscrapers are very tall high-ris ...
located at 421 Fayetteville Street in
Raleigh, North Carolina Raleigh (; ) is the capital city of the state of North Carolina and the List of North Carolina county seats, seat of Wake County, North Carolina, Wake County in the United States. It is the List of municipalities in North Carolina, second-most ...
with .


History

One Hannover Square and Two Hannover Square were completed in 1985.
Lennar Partners Lennar Corporation is a home construction company based in the census-designated place of Fontainebleau, Florida, with a Miami postal address. In 2021, the company was the second-largest home construction company in the United States based on the ...
of
Miami, Florida Miami ( ), officially the City of Miami, known as "the 305", "The Magic City", and "Gateway to the Americas", is a East Coast of the United States, coastal metropolis and the County seat, county seat of Miami-Dade County, Florida, Miami-Dade C ...
bought the building and its 554-space parking garage for $44.8 million in 2000. One Hannover Plaza changed its name to One Bank of America Plaza in 2005 after
Bank of America The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank w ...
renewed its lease. Progress Energy had but was moving into a new building of its own. Other major tenants included Absolute Collection Services with, the City of Raleigh with , and the law firm
Hunton & Williams Hunton Andrews Kurth LLP is an American law firm created by the merger of Hunton & Williams LLP and Andrews Kurth Kenyon LLP on April 2, 2018. The firm has offices in 20 cities, primarily in the United States. History Hunton & Williams (formerl ...
. In July 2005,
The Simpson Organization ''The'' () is a grammatical article in English, denoting persons or things already mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the m ...
of
Atlanta, Georgia Atlanta ( ) is the capital and most populous city of the U.S. state of Georgia. It is the seat of Fulton County, the most populous county in Georgia, but its territory falls in both Fulton and DeKalb counties. With a population of 498,715 ...
bought the building for $47.1 million. At the time, it had an occupancy rate of 80 percent. When the company listed the property for sale in 2010, it was 95 percent full. Simpson made improvements including a lobby redesign, a new fitness facility, additional conference space, and renovated retail space.


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Skyscraper office buildings in Raleigh, North Carolina Bank buildings in North Carolina Office buildings completed in 1985 {{RaleighNC-struct-stub