For years the sixteen-story Wachovia building in the heart of downtown Greensboro has been an aging, empty building that defied all attempts to rehabilitate it. In 2004, developer Roy E. Carroll, II had plans for the building's use. He would convert the former bank building into luxury condominiums. The new, $40 million project is called Center Pointe, and completion is scheduled for 2008. The building will contain ninety-eight upscale condominiums ranging in price from around $200,000 to $3 million.