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{{short description|Skyscraper in Charlotte, North Carolina, U.S.}}▼
{{use mdy dates|date=March 2020}}
{{Infobox building
| name = Duke Energy Plaza
| status = Completed<ref name="Charlotte's office vacancy">{{cite news|url=https://www.bizjournals.com/charlotte/news/2023/02/06/cushman-and-wakefield-q4-office-report-leasing.html/|
▲{{short description|Skyscraper in Charlotte, North Carolina, U.S.}}
title=Charlotte's office vacancy rate falls in fourth quarter: Cushman & Wakefield report|first=Elise|last=Franco|work=[[Charlotte Business Journal]]|date=2023-02-06|access-date=2023-02-06}}</ref>
| location = 525 South Tryon Street, [[Charlotte, North Carolina]], United States
| image
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| start_date = 2019
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| floor_count = 40 floors
| height = {{convert|
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| architect = TVS Design
| cost = $675 million
| floor_area = {{convert|1,000,000|sqft|m2}}<ref name="Office Buildings">{{cite news|url=https://www.bizjournals.com/charlotte/subscriber-only/2022/10/28/charlottes-largest-office-buildings.html|
title=
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The '''Duke Energy Plaza''' is a {{convert|
|title=CBJ Morning Buzz: Duke Energy's uptown tower tops out; Charlotte makes jobs ranking|first1=Jen|last1=Wilson|work=[[Charlotte Business Journal]]|date=20 August 2021|access-date=25 August 2021}}</ref>▼
==
The building combines tube structure design with traditional cast-place concrete. The tower is the second-tallest building in the world to use this design. It also utilized a form work system that climbed with the structure to create concretes forms. According to building contractor Batson-Cook "The schedule the team has established allows them to turn a 25,000-square-foot floor every week on the tower. Once a floor had been poured, the hydraulic lifting system rose the frame up to the next level and prepared for the next form. A system like this improved efficiency, reduced time spent lifting the frame from level to level, and improved the team’s safety performance."<ref>{{cite news|url=https://www.bizjournals.com/charlotte/news/2021/08/20/cbj-morning-buzz-working-duke-tower-tops-out.html|title=CBJ Morning Buzz: Duke Energy's uptown tower tops out; Charlotte makes jobs ranking |last=Wilson|first=Jen|work=[[Charlotte Business Journal]]|date=20 August 2021|access-date=4 October 2022}}</ref>
The site is located directly across from the [[Duke Energy Center]], Duke Energy's corporate headquarters.<ref>{{Cite press release|url=https://www.childressklein.com/news-source/press-release|title=Childress Klein and CGA Capital acquire Charlotte Metro Tower in Uptown for up to $675 million|website=Childress Klein|date=2019-12-23|access-date=2020-03-03}}</ref> The lobby will also be on South Tryon Street.<ref>{{Cite web|url=https://www.charlotteagenda.com/160851/charlotte-metro-tower-duke-energy/|title=View Rendering: 40-story tower under construction in Uptown across from the Duke Energy Building|first=Jason|last=Thomas|date=2019-03-18|website=Charlotte Agenda|language=en-US|access-date=2020-03-03}}</ref> The site is a 2.1 acre former parking lot that was purchased in 2017 for $27.5 million.<ref>{{Cite press release|url=https://www.childressklein.com/news-source/press-release|title=Childress Klein and CGA Capital acquire Charlotte Metro Tower in Uptown for up to $675 million|website=Childress Klein|date=2019-12-23|access-date=2020-03-03}}</ref> The land purchase was six transactions from two separate companies. 1.8 acres was divided into 5 transactions purchased from Consolidated Realty Co. for $22.9 million. The final .3 acre lot was purchased from Eastern Federal Corp. for $4.6 million.<ref>{{cite news|url=https://www.bizjournals.com/charlotte/news/2017/06/07/duke-energy-buys-prime-uptown-real-estate-for-27-5.html|▼
▲title=Duke Energy buys prime uptown real estate for $27.5M|first1=Ashley|last1=Fahey|work=[[Charlotte Business Journal]]|date=7 July 2017|access-date=14 June 2021}}</ref>
{{wide image|Duke Energy Plaza May 2021.jpg|300px|align-cap=center|The building under construction in May 2021, the picture shows the form work system mentioned above.}}
Once construction is complete CGA Capital and Childress Klein will buy the building for an estimated $675 million, a record high building sale for Charlotte.<ref>{{Cite press release|url=https://www.childressklein.com/news-source/press-release|title=Childress Klein and CGA Capital acquire Charlotte Metro Tower in Uptown for up to $675 million|website=Childress Klein|date=2019-12-23|access-date=2020-03-03}}</ref> The sale price could vary since final construction costs have not yet been determined. Childress Klein is the developer of the project. <ref>{{cite news|url=https://www.bizjournals.com/charlotte/news/2019/12/23/sale-of-duke-energy-tower-under-construction-in.html|▼
▲
title=Duke Energy tower under construction in uptown acquired in record deal
|first1=John|last1=Downey|work=[[Charlotte Business Journal]]|date=23 December 2019|access-date=14 June 2021}}</ref> Duke will lease back the entire building.<ref
On August 20, 2021, the building was topped off when the last patch of concrete floor was added. Exterior work was completed by the end of 2022 with interior work scheduled for completion in 2023.<ref>{{cite news|url=https://www.bizjournals.com/charlotte/news/2021/08/20/cbj-morning-buzz-working-duke-tower-tops-out.html|title=CBJ Morning Buzz: Duke Energy's uptown tower tops out; Charlotte makes jobs ranking |last=Wilson|first=Jen|work=[[Charlotte Business Journal]]|date=20 August 2021|access-date=4 October 2022}}</ref>
Duke has 7,700 employees in the Charlotte area working in numerous offices. he company is reducing its real estate footprint by moving out of a number of buildings such as 401 S. College Street, 526 S. Church Street,<ref>{{Cite web|url=https://www.bizjournals.com/charlotte/news/2021/02/12/duke-energy-likely-to-reduce-office-space-needs.html|title='Hybrid' work policy at Duke Energy likely to reduce office space needs|first=John|last=Downey|date=2021-02-21|website=Charlotte Agenda|language=en-US|access-date=2021-05-08}}</ref> 4320 Yancey Road<ref>{{cite news|url=https://www.bizjournals.com/charlotte/news/2021/03/09/terwilliger-pappas-lower-south-end.html|title=Developer Terwilliger Pappas plans next Charlotte projects in midtown, lower South End |first=Ashley |last=Fahey |work=[[Charlotte Business Journal]] |date=2021-03-09 |access-date=2021-05-17 }}</ref> and [[400 South Tryon]].<ref name=Limehouse/> Many of the employees from the buildings that are closing will be relocating to the tower. Also, the [[COVID-19 pandemic]] has changed the company's views about having employees work from the office full time. It is expected many employees will work from home part time.<ref>{{Cite web|url=https://www.bizjournals.com/charlotte/news/2021/02/12/duke-energy-likely-to-reduce-office-space-needs.html|title='Hybrid' work policy at Duke Energy likely to reduce office space needs|first=John|last=Downey|date=2021-02-21|website=Charlotte Agenda|language=en-US|access-date=2021-05-08}}</ref> Even after completion of the tower, Duke will continue to occupy Optimist Hall, [[NASCAR Hall of Fame|NASCAR Plaza]], and Piedmont Town Center (until 2025).<ref>{{cite news|url=https://www.bizjournals.com/charlotte/news/2021/05/17/duke-energy-hq-building-construction.html?ana=e_clt_bn_breakingnews_breakingnews&j=90560313&t=Breaking%20News&mkt_tok=NjczLVVXWS0yMjkAAAF9Go0r0z7Z7k7vB_8aBIzmCYSPjVpB0exneRpcedgNpfRxUEzKwrdM7kxSbuo-JLviaTsq_DJBTTKeTGcjp6Mzq5qvhCPiOQr9SxT5R3YZbP__abmENQ|title=Duke Energy to exit current HQ building in uptown after company's new tower delivers |first=Ashley |last=Fahey |work=[[Charlotte Business Journal]] |date=2021-05-17 |access-date=2021-05-17 }}</ref> Duke's goal with its real estate consolidation is trimming its foot print from {{convert|2500000|sqft|m2}} to {{convert|1000000|sqft|m2}} by 2050.<ref name=Limehouse>{{cite news|url=https://www.charlotteobserver.com/news/business/development/article251478343.html|title=Duke Energy’s future uptown HQ gets a new name as company looks to cut back on space|last=Limehouse|first=Jonathan|work=The Charlotte Observer|date=2021-05-18|access-date=2021-05-18}}</ref> Duke estimates they will save $85 to $90 million over the next five years.<ref>{{cite news|url=https://charlotte.axios.com/258578/duke-energy-to-trim-office-footprint-and-move-hq-into-new-tower-uptown/?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axioslocal_charlotte&stream=top|title=Duke Energy to trim office footprint and move HQ into new tower Uptown|first=Katie|last=Peralta Soloff|work=[[Axios Charlotte]]|date=17 May 2021|access-date=18 May 2021}}</ref>▼
== History ==
▲The site is located directly across from the former [[Duke Energy Center]]
==References==▼
▲
{{Reflist}}▼
▲Duke has 7,700 employees in the Charlotte area working in numerous offices.
Prior to the Duke Energy Plaza, Duke's most visible presence was the [[Duke Energy Center]]. As of May 2021 Duke occupied {{convert|491000|sqft|m2}} spanning 21 floors. On May 17, 2021, Duke announced it planned vacate the building entirely. [[Wells Fargo]], the building owner, plans to fill the space with some of its own employees as they are planning to stop leasing the [[One Wells Fargo Center]].<ref name="Fahey"/>
As of December 31, 2021 Duke had exited its lease of the [[Duke Energy Center]] with all remaining Duke employees having vacated the building prior to the holidays. All Duke Energy signs and plaques have been removed from the building and it has been temporarily renamed '''550 South Tryon'''. When the Duke Energy Plaza is completed, [[Duke Energy]] will relocate their employees into the building as its new headquarters.<ref>{{cite news|url=https://www.bizjournals.com/charlotte/news/2022/01/11/duke-energy-center-is-no-more.html|title=Duke Energy exits former HQ as it awaits completion of new uptown tower |last=Downey|first=John|work=[[Charlotte Business Journal]]|date=2022-01-11|access-date=2022-01-12}}</ref>
On September 21, 2022, Duke Energy finished installing its name and logo on the northeast and southwest sides of the new building. The exterior of the building was mostly finished at that time with small landscaping projects remaining and the company was conducting testing of exterior lighting schemes. However, at that time only about 40% of the interior work was finished and none of the 40 floors were complete. Full occupancy is not expected until the third quarter of 2023.<ref>{{cite news|url=https://www.bizjournals.com/charlotte/news/2022/09/22/making-a-name-for-yourself-duke-energy-style.html|title=Duke Energy puts its stamp on new office tower in uptown Charlotte |last=Downey|first=John|work=[[Charlotte Business Journal]]|date=2022-09-22|access-date=2022-09-22}}</ref>
In April 2023 Duke announced five tenants will occupy {{convert|9,000|sqft|m2}} of the available {{convert|25,000|sqft|m2}} of retail space in the building. The list includes Albertine, a fine restaurant by the Kindreds occupying {{convert|4,360|sqft|m2}}; Milkbread, a fast casual restaurant serving doughnuts, crispy chicken sandwiches, biscuits, salads, and more which will occupy {{convert|722|sqft|m2}}; Que Fresa Taqueria + Bar, a fast casual Mexican restaurant that will occupy {{convert|2,000|sqft|m2}}; Somi Sushi, a fast-casual Japanese restaurant that will occupy {{convert|1,000|sqft|m2}}; AJ’s Dry Cleaners will offer a pickup and drop-off kiosk on South College Street. The new retail tenants are expected to open for business in 2024.<ref>{{cite news|url=https://www.bizjournals.com/charlotte/news/2023/04/05/duke-energy-plaza-uptown-restaurants-kindreds.html|title=Kindreds to open upscale restaurant, cafe milkbread at new Duke Energy HQ in uptown Charlotte |last=Downey|first=John|work=[[Charlotte Business Journal]]|date=2023-04-05|access-date=2023-04-05}}</ref>
==See also==
* [[List of tallest buildings in North Carolina]] / [[List of tallest buildings in the United States|the United States]] / [[List of tallest buildings|the world]]
* [[List of tallest buildings in Charlotte
* [[Uptown Charlotte]]
▲==References==
▲{{Reflist}}
==External links==
{{Commons category}}
{{Portal bar|Architecture|United States}}
{{Coord|35|13|24|N|80|50|51|W|type:landmark_region:US-NC|display=title}}
{{Charlotte skyscrapers}}
[[Category:Skyscrapers in Charlotte, North Carolina]]
[[Category:Uptown Charlotte]]
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