TowneBank is redeveloping its existing SouthPark office property in Charlotte, replacing a small two-story building with a significantly larger Class A facility. The bank plans to demolish its current office at 6337 Carnegie Blvd. in late May and construct a new five-story, 75,000-square-foot building on the same site. Demolition work is already underway as the bank prepares for a multiyear rebuild of its local footprint.
The existing structure totals roughly 18,000 square feet across two floors, meaning each level of the new building will offer approximately as much space as the entire current facility. The project is being co-developed by TowneBank and Harris Investment Co., reflecting a coordinated effort to modernize and expand the bank’s presence in the SouthPark submarket.
TowneBank expects to open the new SouthPark financial center in 2028, according to reporting from The Charlotte Business Journal. Once complete, the bank will anchor the building’s first two floors, consolidating its core operations in a larger, more efficient layout while remaining on its current site. The design allocates the upper levels for multi-tenant office use, creating additional leasable inventory in one of Charlotte’s most established office nodes.
The top three floors of the building are reserved for outside tenants, with the fourth and fifth floors expected to lease first. The third floor is intentionally being left as a flexible option: it will be available to third-party tenants but can be retained as expansion space if TowneBank’s future growth needs warrant additional occupancy. This approach gives the bank optionality while still opening most of the building to the broader office market.
Beyond the SouthPark redevelopment, TowneBank is planning a broader buildout of its footprint in Charlotte. The bank already operates branches in the Myers Park and Ballantyne areas and has indicated it intends to add more locations in the market over time. The new SouthPark financial center is positioned as a key hub within that network, supporting both customer-facing banking operations and back-office functions as the institution deepens its regional presence.
