Bank of America Center (Orlando, Florida)
| Company type | Office building |
|---|---|
| Industry | Commercial real estate |
| Predecessor | Cousins Properties |
| Founded | 1988 |
| Headquarters | Orlando , United States |
Area served | Downtown Orlando |
| Products | Office space |
| Owner | Southwest Value Partners |
The Bank of America Center stands as a 404-foot tall skyscraper located in Downtown Orlando.
Ranked among the tallest structures in the city, it showcases unique postmodern design elements crafted by Morris-Aubry Architects, a firm based in Texas. Their work drew inspiration from the recently finished One American Center in Austin, Texas. The building's ten spires contribute to an almost gothic aesthetic, while its staircase design closely resembles that of the Houston building. Previously owned by Atlanta's Cousins Properties, ownership transferred in January 2018 to Southwest Value Partners, headquartered in San Diego.
History
In April 1985, the Pillar-Bryton Company revealed plans for "du Pont Centre," a $400 million project aimed at developing a 10-acre parcel near Orange Avenue in downtown Orlando. The initial structure, with an investment of $78 million, was spearheaded by William DuPont III, an heir to the Du Pont family fortune, which Forbes valued at $125 million in 1985. During the 1990s, DuPont divested both undeveloped land and his ownership interest following financial difficulties.
Since then, the building has seen yearly upgrades costing between $1 and $2 million through 2020, potentially reaching a cumulative $8 million under its current management. Parkway Properties purchased the property in May 2011 for approximately $61 million. Later, as part of a $208 million transaction involving two additional downtown Orlando properties, it was sold to Southwest Value Partners for $81.86 million in January 2018.