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From Wikipedia, the free encyclopedia

Truist Center
Truist Center Sign.jpg
Former namesHearst Tower
General information
TypeOffice, museum
Location214 North Tryon Street, Charlotte, North Carolina, United States
Coordinates35°13′39″N 80°50′27″W / 35.227572°N 80.840803°W / 35.227572; -80.840803
Named forTruist Financial
Hearst Communications (2002-2020)
Construction started1999
Cost$200 million (2002 USD)
OwnerTruist Financial
Roof201 m (659 ft)
Technical details
Floor count47
Floor area148,644 m2 (1,599,990 sq ft)
Design and construction
ArchitectSmallwood, Reynolds, Stewart, Stewart & Associates, Inc.
DeveloperBank of America

The Truist Center (formerly and informally Hearst Tower, its name until 2020) in Charlotte, North Carolina, is a 47-story skyscraper along North Tryon Street that rises 201 meters (659 ft) in height. It opened on 14 November 2002 and is the 3rd-tallest building in Charlotte. The 32-story tower rests atop a 15-floor podium. Located within the podium is a three-story, 17,000-square-metre (180,000 sq ft) trading floor designed by Skidmore, Owings & Merrill and operated by Bank of America. The building is currently the headquarters of Truist Financial, who purchased the building in March 2020.

The building's reverse floorplate design makes the upper floors average 2,200 square metres (24,000 sq ft) compared to an average of only 1,900 square metres (20,000 sq ft) for the lower floors.[1]

In the College Street lobby are brass railings designed by Edgar Brandt that were rescued from Le Bon Marche department store in Paris. The Truist Plaza, a 40,000 square foot public plaza lined with restaurants, shops, and the Sonia and Isaac Luski Gallery, is located next to the main entrance off North Tryon Street.[2] In front of the plaza is a 3-metre (9.8 ft) glass and bronze sculpture crafted by Howard Ben Tre entitled the Castellan, which translates to "keeper of the castle." Within the lobby is Collaborate214, which is a coworking space introduced in October 2014. The building's unique design was to complement the wedding cake design of nearby Bank of America Corporate Center by being the inverse of the headquarter's design.[3]

The building is located across the street from the Bank of America Corporate Center and 201 North Tryon.


The building was developed by Bank of America. Originally the namesake Hearst Communications occupied 200,000 square feet after it relocated from the Carillon Building and Bank of America occupied about half of the square footage. Prior to finishing construction it was 94% leased. The original cost of the building was $160 million.[4]

The building was owned by Cousins Properties Incorporated since 2012, through the merged company Parkway Properties,[5] when it was purchased from Bank of America for $250 million.[6] At the time of the sale Bank of America occupied 322,311 square feet.[7] The building was also 94% leased at the time of the sale to Parkway Properties. Although Hearst Communications had offices in the building and is the building's named tenant.[8] On 12 June 2019, it was announced that Truist Financial, a bank holding company to be formed from the merger of BB&T and SunTrust Banks, had selected Hearst Tower for its future new corporate headquarters.[9] Truist will occupy 561,000 square feet (52,100 m2) in the tower and has an option to buy the tower from Cousins in the fourth quarter of 2019 for $455.5 million.[10] On 14 August 2019, Hearst Communications announced it would move out of its namesake tower to offices near Ballantyne into Toringdon 7 of Toringdon in early 2020 to make way for Truist.[11][12] The tower space left by Bank of America, Hearst Communications, and K&L Gates moving out allowed Truist to occupy over half of the square footage of the tower. U.S. Bank, PricewaterhouseCoopers, Bradley and Dixon Hughes Goodman continue to be tenants in the building.[13]

Truist plans to relocate the bank's executive team, corporate communications, finance, human resources, insurance, legal, technology, and risk management in the building. The bank will move in phases in August 2020 and lasting until June 2021.[14] The bank plans to have as many as 2,000 in the building.[15] Truist has announced that the Charlotte innovation center will be located in the building, as of December 2020 it was under construction. The innovation center is planned to bring technology people, legal people, accounting people, and the client all together.[16]

On December 11, 2019, Truist Financial announced it had officially exercised its option to purchase the building from Cousins Properties for $455.5 million and would rename the tower Truist Center. New signage will also be added to the building.[17] The deal was completed March 31, 2020. However, due to the COVID-19 pandemic, further actions will be delayed.[18]

In November 2020, the bank used helicopters to lift up four signs to the top of Truist Center. The Truist wordmark appears on the North Tryon Street and North College Street sides, while the other two sides display Truist's logo. This signage has caused a lot of controversy, with critics saying it was too sharp a contrast with the tower's curves. The building's architect, Charles Hull, denounced the new signage as an act of vandalism.[19] There is currently a petition on requesting that Truist remove the signage titled "Save Charlotte's Art Deco Skyscraper! Remove the TRUIST Signs!!!".

Another large tenant of the building is U.S. Bank. As of 2014 US Bank 300 employees in Charlotte occupying 81,000 square feet of the building. In 2020 the bank's Charlotte presence increased to 860 employees.[20] A large number of the employees in the building are in compliance and technology.[21] The bank has been opening retail branches in Charlotte as a result of bank executive Jim Kelligrew, vice chair and head of corporate and commercial banking, being located in Charlotte. U.S. Bank views Charlotte as an important hub that gives them access to potential of talent and the Charlotte market is one of the fastest-growing segments of the bank.[22]

Truist Center entrance with small Truist name displayed

See also


  1. ^ Martin, Scott (6 November 2000). "Hearst Tower's quirkiness makes atypical skyscraper". Charlotte Business Journal. Retrieved 6 June 2021.
  2. ^ Martin, Scott (6 November 2000). "Hearst Tower's quirkiness makes atypical skyscraper". Charlotte Business Journal. Retrieved 6 June 2021.
  3. ^ Wright, Gordon (1 September 2003). "Topsy-Turvy Tower Skewed corners give Hearst Tower a distinctive image without upstaging a taller corporate neighbor in downtown Charlotte's banking mecca". Building Design + Construction. Retrieved 6 June 2021.
  4. ^ Martin, Scott (6 November 2000). "Hearst Tower's quirkiness makes atypical skyscraper". Charlotte Business Journal. Retrieved 6 June 2021.
  6. ^ Boye, Will (3 May 2012). "Parkway Properties agrees to buy Hearst Tower". Charlotte Business Journal. Retrieved 6 June 2021.
  7. ^ Boye, Will (9 May 2012). "Bank of America makes sales pitch for Hearst, Fifth Third towers". Charlotte Business Journal. Retrieved 6 June 2021.
  8. ^ Singe, Kerry; Dunn, Andrew (2012-05-04). "Sale of Hearst Tower may signal investor interest in Charlotte". The Charlotte Observer. Archived from the original on 2012-07-21. Retrieved 2012-05-04.
  9. ^ "BB&T and SunTrust choose 'signature' uptown tower as headquarters for new bank". Charlotte Observer. Retrieved 26 August 2019.
  10. ^ "BB&T, SunTrust Take Big Lease at Charlotte Trophy Tower". Commercial Property Executive. Retrieved 26 August 2019.
  11. ^ Chemtob, Danielle (14 August 2019). "Hearst will leave its uptown tower to make way for BB&T and SunTrust workers". Charlotte Observer.
  12. ^ "Hearst moving regional office out of namesake tower in uptown to south Charlotte". Charlotte Business Journal. 14 August 2018. Retrieved 21 May 2021.
  13. ^ Fahey, Ashley (2019-12-11). "Truist to purchase Hearst Tower for $455.5M, rename uptown building". Charlotte Business Journal. Cite has empty unknown parameter: |1= (help)
  14. ^ Roberts, Deon (12 June 2019). "BB&T and SunTrust choose 'signature' uptown tower as headquarters for new bank". The Charlotte Observer. Retrieved 21 May 2021.
  15. ^ "BB&T, SunTrust Take Big Lease at Charlotte Trophy Tower". Commercial Property Executive. Retrieved 26 August 2019.
  16. ^ Hudson, Caroline (29 December 2020). "CEO Kelly King on the next steps for Truist's rise to prominence in Charlotte". Charlotte Business Journal. Retrieved 21 May 2021.
  17. ^ Chemtob, Danielle; Weinstein, Austin (11 December 2019). "Truist buys uptown tower for record $455 million as bank builds Charlotte presence". The Charlotte Observer. Retrieved 12 December 2019.
  18. ^ Craver, Richard (2020-04-02). "Truist completes $455.5M purchase of Charlotte HQ; bank delays new branding unveilings". Winston-Salem Journal.
  19. ^ Weinstein, Austin (7 December 2020). "Truist put its name on its new HQ. The building's architect called it vandalism". The Charlotte Observer. Retrieved 8 December 2020.
  20. ^ Hudson, Caroline (29 June 2020). "Charlotte-based executive Jim Kelligrew leading changes in US Bancorp's corporate, commercial banking division". Charlotte Business Journal. Retrieved 21 May 2021.
  21. ^ Boye, Will (21 November 2014). "U.S. Bank expands at Hearst Tower, leasing 35th floor". Charlotte Business Journal. Retrieved 21 May 2021.
  22. ^ Hudson, Caroline (29 June 2020). "Charlotte-based executive Jim Kelligrew leading changes in US Bancorp's corporate, commercial banking division". Charlotte Business Journal. Retrieved 21 May 2021.

External links

This page was last edited on 16 June 2021, at 18:26
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