Not exactly a year in the wake of declaring its arrangements to grapple another tower arranged close to the downtown riverfront, one of Richmond's greatest managers has chosen to stay put.
SunTrust reported yesterday it has wiped out its arrangements to involve 53,000 square feet and move 200 workers to a considered tower called the Locks at 3Twenty-One at tenth and East Byrd Streets. Rather the saving money monster will keep its laborers at its present home at the building named for the organization at 919 E. Principle St., the SunTrust Center.
"We are satisfied to have achieved a consent to stay in downtown in redesigned workplaces at our present base camp building," John Stallings, Virginia division president for SunTrust, said in a news discharge. "Our conspicuous signs on the building and our branch will stay in their present areas. Broad redesigns of our current space are wanted to upgrade and modernize our offices."
SunTrust's present rent at 919 E. Primary St. was set to terminate in 2017, as per the discharge. Presently, the bank has hit another rent with SunTrust Center proprietor Parmenter to rent 75,000 square feet at the working through at some point in 2028.
The downtown arrangement does not change SunTrust's arrangements to merge its three rural workplaces to the 210,000-square-foot Westmark I working at 11011 W. Expansive St.
With SunTrust retreating, the fate of the proposed 21-story, $93 million Locks at 3Twenty-One is presently open to question.
Plans had called for engineer Dominion Realty Partners to secure the land at 321 S. tenth St. from current proprietors Fountainhead Properties and the WVS Cos., and the gatherings had been under contract.
"The agreement is lapsed, yet we're working with them to expand it," Fountainhead's Rick Gregory said of converses with Dominion Realty. "They're still particularly intrigued."
Michael Campbell of Dominion Realty did not react to demands for remarks.
Despite Dominion Realty's arrangements, Tom Papa of Fountainhead said he's certain that the land won't go unused.
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"On the off chance that they don't put something there, we will," Papa said, adding he will hold up to see what Dominion's best course of action will be. "Some other inhabitant could tag along in a nanosecond and make it so that the building comes up. There's more than SunTrust out on the planet."
A SunTrust representative said the organization wouldn't remark past its public statement.
District Commercial handles renting at the SunTrust Center, where around 120,000 square feet is accessible for rent, as per the news discharge.