Oct
28

No ‘Crown’ For Wachovia in Columbia

By
29-foot glass sculpture won’t be put atop regional headquarters

October 28, 2008

By Jeff Wilkinson – The State

The nation’s banking crisis has taken a bite out of Columbia’s skyline.

Wachovia bank has shelved plans to place a 29-foot glass sculpture on its new regional headquarters — the former First Union tower at Hampton and Main streets.

“Renovations are still planned for the ground floor and facade, but the crown will not happen,” said Ryan Hyler of Colliers Keenan, the firm that manages the 1441 Main St. building.

Wachovia has struggled since buying a West Coast financial firm loaded with subprime loans in 2006. The turmoil came to a head this month when Wachovia agreed to be purchased by Wells Fargo.

“The timing wasn’t right right now,” said architect Ashby Gressette of Stevens & Wilkinson. “But they can always come back and add it later.”

The sculpture atop the 14-story building would have featured three overlapping boxes with slightly angled tops, mimicking the bank’s logo. It would have been backlit at night.

The cost was to be about 20 percent of the $5 million project.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.thestate.com/business/story/569392.html
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