Wells Fargo is preparing to add 410,000 square feet to its Chandler campus along the Price corridor.
The bank disclosed its plans for the first time at a Monday neighborhood meeting -- plans that call for an additional two four-story buildings, a four-story parking garage and the capacity for 2,500 more spaces.
Two four-story buildings already exist on the company’s roughly 63-acre plot at the northeast corner of Price and Queen Creek roads.
The Arizona Builder’s Exchange first reported the news and cited sources who earlier this year said the cost of the project could range between $70 million and $90 million.
Wells Fargo, the largest bank in Arizona and fourth-largest employer in Chandler, has not announced a construction schedule. The company recently submitted its rezoning request to Chandler’s planning commission but it has yet to be posted to a meeting agenda.
“Wells Fargo is currently early in the planning process and in talks with the City of Chandler to expand our campus at 2700 South Price Road,” local bank spokeswoman Lori Brown said in a statement. “As part of this process, Wells Fargo is hosting neighborhood meetings to discuss the development proposal for the Wells Fargo Chandler Campus and recent applications filed with the City of Chandler. As with any large building project, there are a number of factors that will determine whether we go forward with this particular project. At the same time, we are excited about the potential opportunity to deepen our investment in Arizona and look forward to sharing additional details in the near future.”
The Chandler expansion will provide space for approximately 2,500 employees.
Wells Fargo had nearly 15,000 employees in Arizona earlier this year before it announced plans last month to lay off 331 mortgage-related employees statewide. The bank on Wednesday then announced it will lay off another 176 people in Tempe because of the decline in mortgage-refinancing volume.
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