Eyewitness News has learned the Bank of America tower will be mothballed this spring, unless a tenant comes forward. Building owner Michael Grunberg told me once Bank of America relocates to CityPlace in April, he will begin shutting down the 26 story building.
Grunberg says he believes in Hartford and would like to transform the building into condominums, apartments or a dormitory. That is dependent on the economy improving. He is also seeking a new corporate tenant, that would get to put its name at the top of tower. Several names have graced the top of the building over the years.
The tower was built in 1966, and was home to Connecticut National Bank, which became Shawmut, which became Fleet which became Bank of America.
In the meantime, Grunberg is spending hundreds of thousands of dollars creating individual HVAC systems for the street level tenants, which has led to rent increases. Right now everyone is on the BOA system, and it would cost too much to heat the entire tower when empty. Two of those tenants are leaving, the rest, including Camera Bar and Harvey and Lewis, are staying.