New name revealed for Skanska's Capitol Tower in downtown Houston
After nearly two years of waiting, downtown Houston’s newest skyscraper has an official name.
The 35-story Capitol Tower at 811 Rusk St. in the city’s Central Business District will now be called Bank of America Tower, officials announced at a May 22 press event. The tower takes its name from its anchor tenant, Charlotte, North Carolina-based Bank of America (NYSE: BAC), which preleased 210,000 square feet of space in the tower. Bank of America is vacating 700 Louisiana St., commonly called Bank of America Center. A new name for that building has not been announced yet, but Bank of America plans to move into its new offices in June. The bank will have more than 600 employees in the new space, consolidating three downtown Houston locations.
The May 22 press event was hosted by New York-based Skanska USA Commercial Development, the developer on the project. In January, Skanska announced it would move its Houston operation from 3009 Post Oak Blvd. into Bank of America Tower. Skanska will occupy approximately 12,481 square feet on the tower’s 12th floor.
Skanska and Bank of America will be joined by Houston-based Waste Management Inc. (NYSE: WM), Houston-based Quantum Energy Partners and international law firm Winston & Strawn as tenants in the property. The addition of Skanska brought the building’s occupancy 83 percent, as of January.
Construction on the 750,000-square-foot, Platinum LEED-certified tower began in summer 2017, topped out in April 2018 and finished up earlier this year. The Houston office of San Francisco-based Gensler designed the project.
The site of the development is the former location of the Houston Club, which was demolished in October 2014.