Bank of America to spend US$86 million on renovation

Bank of America is set to invest US$86 million in the renovation of its Plano campus, which is the lender’s second-largest office location, second only to its Charlotte, N.C., headquarters.

The campus which is made up of three buildings was home to 4,500 workers before the COVID-19 health crisis. The property was purchased from Countrywide Financial in 2007 as part of its larger acquisition deal with the subprime mortgage lender.

“I’m thrilled about the significant investments we’re making at our Plano location, which are another demonstration of Bank of America’s commitment to our North Texas community,” said Dallas market president Jennifer Chandler.

The renovation work is scheduled to take place over three different phases through January 2023. Work has already commenced at Building A, which was built in 1999.

Building C, built in 2003, will get its facelift starting later this month, to be completed by the end of May 2022. Building B, which was first developed in 1999, is last on schedule, scheduled to be finished by January 2023.