Another uptown Charlotte office tower starts renovations. This one costs $20M
An uptown Charlotte office tower is getting a $20-million facelift. The goal is to attract more tenants to the 17-year-old building.
The former Ally Center at 440 South Church St. will undergo renovations with a focus on its lobby spaces and suite options, according to a news release from co-owners Trinity Capital Advisors.
The group plans to add gathering spaces to the lobby such as lounges, hightop workspaces and outdoor seating to improve the building’s curb appeal. The renovation also includes new speculative suites.
“We are focused on creating a place people want to be,” Walker Collier, managing partner at Trinity Capital, said in the release. “A place that feels refined, comfortable and hospitality-driven from the moment they walk in.”
To be viable post-COVID, office towers have to either entice people to come back to the cubicle or change uses.
Trinity Capital is going with the former. The renovation is also a sort of homecoming for the commercial real estate developer. It’s Trinity Capital’s second time imagining the space.
Trinity Capital helped construct and deliver the 15-story tower in 2009. The group later sold the building to Epic Investment Partners in 2014 for over $108.7 million.
Last year, Trinity Capital, along with New York-based Town Lane, purchased the site back for over $75.7 million. Besides the renovation, Trinity Capital is also banking on the neighborhood to bring in new tenants.
Besides the renovation, Trinity Capital is also banking on the neighborhood to bring in new tenants.
Across the street from 440 South is the Brooklyn & Church development, the $250-million conversion of Duke Energy’s former headquarters into housing and retail.
Once complete, Brooklyn & Church will house 460 loft-style apartments and 25,000 square feet of retail space. There will also be an additional three-story retail area with 30,000 square feet of space.
Office renovations and conversions in Charlotte
Trinity Capital is the latest group to renovation an office tower, especially in uptown.
The Wake Forest University Charlotte Center at 200 N. College St. is being converted into about 290 apartments.
The former Wachovia Center at 400 S. Tryon St. is being converted into apartments and a hotel. And the former Two Wells Fargo tower at 301 S. Tryon St. will also undergo a residential and hospitality conversion.
Office towers including One Independence Center at 101 N. Tryon St., went the renovation route.
Crescent Communities purchased One Independence in 2019, along with Nuveen Real Estate, for $132.2 million. Since then, it has invested about $26 million into changing the ground-floor.
This story was originally published July 17, 2026 at 10:54 AM.
