Paragon Bank was looking for a higher profile, better accessibility and room to grow.
The Raleigh-based bank was rebranding itself from a financial institution that served only commercial clients to an entity that provided service for the larger public. The bank thought it was a good time to give its Charlotte hub more visibility, so it decided to relocate its headquarters to SouthPark from its old offices at Two Piedmont Town Center.
In late 2012, Paragon Bank purchased the two-story building at 6337 Morrison Blvd. in SouthPark for $4.2 million. The 16,427-square-foot office space housed UBS Financial Services Inc., but that company was moving to another space in early 2013.
Next, the bank hired Tyler 2 Construction of Charlotte to transform what was an ordinary and dated office space into a striking, modern new financial institution.
“It was a complete job,” said Lynne Ferretti, vice president of special projects at Tyler 2 Construction.
Work began in October 2013 on the structure, which required a complete reinvention of the first floor front lobby and teller area. The second floor, which housed the office space for the bank, was less comprehensive and required mostly “new finishes,” Ferretti said.
No detail was overlooked in the remodel. The major interior overhaul called for a new vault, teller space, reconfigured offices and all new interior finishes.
Old brick paver floors were ripped out and replaced with marble flooring, all-wood paneling was installed in the front lobby, and solid granite countertops were put in place at the teller areas. An artist was given a commission to paint the Charlotte skyline on a canvas in the entrance and a stunning chandelier was installed to greet customers as they entered the new glass doors into the two-story lobby.
InSight Architects of Charlotte and Design Works Studio of Cary handled the design aspects of the $1.5 million project.
During the course of the interior renovations, the bank decided it wanted to update the exterior of the building as well. A challenge was installing new awnings over the windows, said Ferretti, because of access issues. A pond surrounds the building and the team considered draining it to gain access to the window overhangs but decided against the move in order to spare the “huge koi” that swam there.
Instead, the bank gave the construction team the go ahead to replace the barrel roof tiling. Other improvements to the exterior included painting, glazing, landscaping, fencing and installing new marble columns, windows and pavers. Despite the wintry weather, Tyler 2 Construction was able to deliver the project on budget and on time Feb. 11.
“We had a huge snow storm the day we were scheduled to install the new roof,” said Ferretti. “The hard work paid off in major dividends for our client, and all without breaking the bank.”
Project description: Interior and exterior remodel of outdated financial building
Address: 6337 Morrison Blvd., Charlotte
Architect/design: InSight Architects, Design Works Studio
Contractor: Tyler 2 Construction
Available space: 16,427 square feet
Cost: $1.5 million
Construction started: October 2013
Construction completed: February 2014