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Business

Ally Financial To Anchor New 26-Story Tower Uptown

092017_ally_office_tower.jpg
Crescent Communities
Architect's drawing of the planned Ally Charlotte Center, at South Tryon and Stonewall streets. Crescent Communities plans to start construction early in 2018.

Another new office tower will begin construction uptown early next year, with Ally Financial as the main tenant. Besides offices, the 26-story building at South Tryon and Stonewall streets will have a hotel and space for restaurants and shops.  It's expected to open in 2021.

Developer Crescent Communities says the building will be called Ally Charlotte Center.  Ally is based in Detroit, but has 1,700 employees in Charlotte. 

Ally CEO Jeff Brown says the company will consolidate all of its Charlotte employees in the building, with room to grow. The company has been expanding with a series of acquisitions over the past few years.

Construction is scheduled to begin in the first quarter of 2018.

The site at 601 S. Tryon Street is the only vacant corner at the intersection right now. It's across South Tryon Street from the former Charlotte Observer site, across Stonewall Street from the Gantt Center. The Duke Energy Center is diagonally across, on South Tryon Street. 

Another new mixed-use development is going up on the former Observer site, developed by Lincoln Harris. A 33-story tower there will have Bank of America as a major tenant when it opens in 2019.