December 15, 2014

Contact: Ashley Simmons, Office of the Mayor
704-336-3438 or 704-614-9116
CHARLOTTE, NC – A groundbreaking ceremony held Dec. 15 for 300 South Tryon Street marked the first celebration of a new tower in uptown Charlotte in nearly four years. Capital Management LLC, Center City Partners and elected officials came together to celebrate the new facility, for which Babson Capital will be anchor tenant.
Among those who gathered to celebrate: Mayor Dan Clodfelter, Governor Pat McCrory, Chairman Trevor Fuller, Michael Smith, President, Center City Partners; and Tom Finke, CEO, Babson Capital. Mayor Clodfelter reflected on the past for the location and discussed the importance of a renewal to demonstrate how area businesses prospered even during the recession.
“Today’s celebration is more than a groundbreaking,” said Clodfelter. “It’s confirmation that visionary leadership can influence and inspire positive change, even during challenging times.”
The 25-story Class A office building will be located at the intersection of South Tryon and Third Streets. Designed to achieve the U.S. Green Building Council’s LEED Gold certification, reflecting the city’s strong commitment to sustainable development, 300 South Tryon will incorporate several sustainable features including a state-of-the-art water management system, significant use of sustainable materials in construction, energy-efficient use of natural daylight to complement interior lighting, recycling areas within the building and preferred parking with charging stations for low-emission vehicles.
“300 South Tryon is a reflection of Charlotte’s continued dynamic growth, and will be a world-class building in the heart of the Charlotte skyline,” said Tom Finke, Chairman and CEO of Babson Capital. ”We are excited to be breaking ground on Babson’s future home in Charlotte.”
Babson Capital, which has had a growing presence in Charlotte since 2002, now has nearly 170 associates in the city. Construction is expected to begin in early January with completion scheduled for the spring of 2017.