100 North Main Street

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For the building in Memphis, Tennessee, see 100 North Main.
100 North Main Street
100 North Main Street.JPG
100 North Main Street
Record height
Tallest in Winston-Salem since 1995[I]
Preceded by Winston Tower
General information
Type office
Location 100 N. Main Street
Winston-Salem, North Carolina
Coordinates 36°06′00″N 80°14′39″W / 36.0999°N 80.2442°W / 36.0999; -80.2442Coordinates: 36°06′00″N 80°14′39″W / 36.0999°N 80.2442°W / 36.0999; -80.2442
Completed 1995
Owner SL Winston-Salem LLC
Height
Roof 140.21 metres (460 ft)
Technical details
Floor count 34
Design and construction
Architect César Pelli

100 North Main Street,[1][2] also known as Wells Fargo Center,[3] is a postmodern, 460-foot (140 m), 34-floor office skyscraper in Winston-Salem, North Carolina, USA. Originally named Wachovia Center, the building served as the corporate headquarters of Wachovia bank from 1995, the year of the tower's construction, to 2001, the year the corporation merged with First Union and moved its headquarters to Charlotte, North Carolina. It is the tallest building in the Piedmont Triad region and was the tallest in the Carolinas outside of Charlotte until 2008, when RBC Plaza (now PNC Plaza) was completed in Raleigh.

The building was designed by Petronas Towers architect César Pelli and features Moravian architectural themes, which are widely found in Winston-Salem. Notable aspects include the Moravian arch, which was used in the dome's design, and the Moravian star, which was used on the lobby's mosaics. Pelli said the tower design resembled a rosebud about to bloom. It is sheathed in Olympia white granite and is the only granite-domed skyscraper in the world. The granite comes from a single quarry in Sardinia. The dome rises 59 feet and houses mechanical equipment. The gardens around the site were designed by Cesar Pelli's wife Diana Balmori, a landscape architect.[4]

History[edit]

The building was built for Wachovia bank to replace the nearby Wachovia Building (which was renamed Winston Tower) as the corporation's world headquarters. Wachovia Center, as the tower was originally named, surpassed Winston Tower as Winston-Salem's tallest building and remained Wachovia's corporate headquarters from its completion date in 1995 to 2001, when Wachovia merged with First Union. Once the merger was finalized, the corporation, which retained the Wachovia name, decided to locate its headquarters at One Wachovia Center in Charlotte, North Carolina. Wachovia subsequently sold Wachovia Center to American Financial Realty Trust in May 2004 for $39.6 million as part of a $546 million deal which included 150 bank properties.[5] Wachovia bank continued to lease space in the tower, mostly for offices of its wealth management division.

2008[edit]

Wells Fargo Center & Surrounding Landscape

On April 1, 2008, American Financial was bought by Gramercy Capital, which assumed ownership of the building. Gramercy then sold the property to the current owner, SL Winston-Salem LLC, on October 23, 2008 for $36 million.[5] Triad Commercial Properties, which was hired to sell vacant space in the tower, promotes the building as 100 North Main Street, the building's formal address, dropping the Wachovia Center name.

Wachovia, which as of 2009 leased seventeen floors of 100 North Main Street, was purchased by Wells Fargo on December 31, 2008 and ceased to exist as a separate company in September 2011. It is uncertain whether Wells Fargo will elect to continue to lease space in the tower in near future, but Bobby Finch, 100 North Main Street's leasing handler, hoped "that the low cost of the lease will be attractive and compelling to Wells Fargo as it evaluates the Winston-Salem and Charlotte operations it is taking over from Wachovia."[5]

2012[edit]

In 2012, HFF of Houston is selling Wells Fargo Center for owner 601W Companies of New York City. Wells Fargo, whose lease continues another thirteen years, occupies 65 percent of the building. Other major tenants include Deutsche Bank Securities, Morgan Stanley Smith Barney, Wake Forest Baptist Medical Center and the U.S. Department of Veterans Affairs.[3]

See also[edit]

Upper section of 100 North Main Street

References[edit]

  1. ^ "100 North Main Street". emporis.com. Retrieved December 3, 2009. 
  2. ^ "Properties: 100 N. Main Street". Triad Commercial Properties. Retrieved December 3, 2009. 
  3. ^ a b Covington, Owen (2012-02-23). "For sale: Wells Fargo Center in downtown Winston-Salem". The Business Journal. Retrieved 2012-04-10. 
  4. ^ "Wachovia Center". emporis.com. Retrieved July 10, 2008. 
  5. ^ a b c Richard Craver (November 16, 2008). "Sold! Investors take chance on Wachovia Center". Winston-Salem Journal. Retrieved December 3, 2009. [dead link]