As some companies are embracing the hybrid work model, or shifting toward completely remote work, others are hard at work on building new headquarters.
This week, department store chain Belk said that it “is planning to sublease its Charlotte, N.C, headquarters on West Tyvola Road. That moves helps the Charlotte-based department store chain shift corporate employees to remote work full time or part time, according to the Charlotte Observer.
Also, in Baltimore, global jeweler Pandora is considering abandoning its downtown headquarters, a landmark on the city’s skyline.
“This is the right moment for us to re-imagine our U.S. office space and culture, as well as consider new ways of working,” said Detria Courtalis, interim general manager for Pandora North America, in a statement to the Baltimore Sun.
But other plans move ahead.
Paint manufacturer Sherwin Williams is planning a $300 million headquarters campus in downtown Cleveland. From a 36-story skyscraper, a 5-story parking garage and 2-story combined training/showroom pavilion, global paint corporation Sherwin Williams unveiled a virtual concept of the plan before the city’s joint committee, which will ultimately give a thumbs up or down to the concept, according to FOX8
And, Red River Foods, A worldwide supplier of tree nuts, seeds and dried fruits is investing $16.5 million in a new warehouse, processing facility and corporate headquarters in eastern Henrico County, Virginia.