Duke Energy Corp. is planning to develop one of Charlotte's tallest office towers, possibly standing over 40 floors. Costing up to $200 million and encompassing up to 1,000,000 sf, the uptown tower may be formally announced in August. Additional tenants may lease a significant amount of square footage in the building.
PG&E National Energy Group's plan to relocate 650 employees from Bethesda to the Tower Oaks in Rockville has been put on hold due to Pacific Gas & Electric's energy problems in California. Although financed separately from Pacific Gas & Electric, PG&E National Energy Group's 450,000-sf project, which was planned for completion by late 2001, probably will not be completed until summer 2002 due to creditor hesitancy. When built, the complex could accommodate as many as 1,000 employees.
Detroit-based HarleyEllis broke ground on Detroit Edison's Fermi 2 Nuclear Training Center in April 2001. Located at the Fermi 2 Power Plant in Newport, the $10 million building will provide hands-on large equipment training as well as consolidating existing training facilities. The development encompasses 60,000-sf of conference and training space. The first floor is dedicated to classroom space and nuclear power vocational training with electrical, mechanical, and large-scale simulation labs and classrooms.
Electric Power Research Institute (EPRI), pressured by California's high real estate prices, is expanding instead in Charlotte, rather than in Palo Alto, Calif., where the institute is headquartered. The new $5 million building will be constructed at the 10-acre site where EPRI's current 102,000-sf operations are located. The new 50,000-sf structure will accommodate traditional office functions, freeing up space in the existing building for more research and laboratories.
