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. The postmodern building was designed by Texas-based Morris-Aubry Architects, who modeled the building after their recently completed One American Center in

Austin, Texas Austin is the capital city of the U.S. state of Texas, as well as the seat and largest city of Travis County, with portions extending into Hays and Williamson counties. Incorporated on December 27, 1839, it is the 11th-most-populous city ...

. 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 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 ...

building A building, or edifice, is an enclosed structure with a roof and walls standing more or less permanently in one place, such as a house or factory (although there's also portable buildings). Buildings come in a variety of sizes, shapes, and fu ...

Houston Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 i ...

. The building was owned by

Cousins Properties Cousins Properties Incorporated is a publicly traded real estate investment trust (REIT) that invests in office buildings in Atlanta, Charlotte, Austin, Phoenix, Tampa, and Chapel Hill, North Carolina. The company has developed notable prope ...

of Atlanta, Georgia, and sold in January 2018 to

Southwest Value Partners Southwest Value Partners (SWVP) is an American privately held real estate investment company. It is headquartered in San Diego, with an office in Scottsdale, Arizona, US. SWVP was founded in 1990 by Robert Sarver and Millard Seldin; Sarver rem ...

based in San Diego, California.

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. In 1985,

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

estimated the 32-year-old heir's wealth to be at least $125 million. William du Pont III later sold the remaining undeveloped property. Bad investments and business deals caused him to also sell his ownership interest in the building in the 1990s. 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 acquisition of Parkway Properties in a multibillion-dollar deal. Parkway Properties purchased the building in May 2011 for approximately $61 million. In January 2018, a San Diego-based real estate firm

purchased the building for $81.86 million along with two other downtown Orlando buildings in a package deal valued over $208 million.

References

{{DEFAULTSORT:Bank Of America Center (Orlando) Bank of America buildings Postmodern architecture in Florida Skyscraper office buildings in Orlando, Florida Office buildings completed in 1988 Bank buildings in Florida 1988 establishments in Florida