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Repo: Bank of America Plaza, Atlanta


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According to the following article, the Bank of America Plaza tower in Atlanta - currently, the tallest building in the US outside NYC and Chicago - has been foreclosed upon...

http://www.ajc.com/business/bank-of-america-plaza-1336921.html

Timeline:

Late 1980s -- C&S Bank and Cousins Properties announce plans for a new C&S headquarters, to be Atlanta’s tallest building, at 600 Peachtree Street.

1991 -- C&S/Sovran is acquired by Charlotte-based NCNB and becomes NationsBank, a precursor to Bank of America.

1992 – The 55-story, more than 1,000-foot building opens as NationsBank Plaza.

1999 – The tower’s name officially changes to Bank of America Plaza after NationsBank acquires Bank of America and takes its name.

2006 – California real estate firm BentleyForbes buys Bank of America Plaza from Bank of America and Cousins Properties for an Atlanta-record $436 million.

February 2011 – Fitch Ratings issues a report stating Bank of America Plaza is in “imminent default” and a special servicer has been brought in to help work out the troubled debt.

February 7, 2012 – Bank of America Plaza is foreclosed.

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If spires and antennas count towards height, then its worth pointing out that Houston has at least a half dozen structures that are twice the height of this one (most or all of which are at the Blue Ridge Antenna Farm), and then there are probably about another half dozen that have occupiable space at or near the height of this one...and our space actually is occupied. Take that, Atlanta!

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20 floors less than Chase, but 10m taller. Looks like the cap and spire were added to get the title of tallest outside NYC and Chicago. First Interstate (US Bank Tower) in LA did the same thing with its crown in '89. We need a new super-tall, it's been 30 years. Come on Jerry Hines, let's reach for the skies.

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20 floors less than Chase, but 10m taller. Looks like the cap and spire were added to get the title of tallest outside NYC and Chicago. First Interstate (US Bank Tower) in LA did the same thing with its crown in '89. We need a new super-tall, it's been 30 years. Come on Jerry Hines, let's reach for the skies.

And of course, do it without spires or a crown!

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And of course, do it without spires or a crown!

That would be ideal. But I would accept a spire to reclaim our rightful spot. ;-)

In my dreams, Hines will do a career-capping "gift" to Houston, by developing a multi-use project downtown, including a super-tall tower. Something unique and ground-breaking in the way that the Galleria was unique and ground-breaking when Hines developed it.

Edited by Houston19514
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