Bank of America Plans to Concentrate Manhattan Staff at Midtown Hub

Bank of America Corp. wants to bring more of its New York staff to one hub. The company is starting renovations on the HBO building and three floors of the Grace Building across from its 55-story tower at One Bryant Park in midtown Manhattan. When the project is completed by 2022, a large portion of the bank’s 13,000 New York employees will be at six properties clustered around Avenue of the Americas. The new offices will include flexible workspaces, a wellness center, dining and training facilities, and will incorporate solar technology and recycled materials. Charlotte, North Carolina-based Bank of America expanded its presence in New York with the acquisition of Merrill Lynch during the financial crisis.