Incyte to buy Bank of America buildings for growth [Video]

WILMINGTON — Incyte Corp. has received $14.8 million in taxpayer-backed grants to open new offices out of the massive complex that Bank of America used to own, placing the company right in the heart of downtown Wilmington.

The global biopharmaceutical company is slated to buy 1100 N. King Street and 1100 N. French Street to move into 541,000 square feet of office space in the city. Incyte’s fourth major expansion since 2014 and will add more than one million square feet across Delaware.

The pair of buildings are in Bank of America’s former Bracebridge complex, which once housed thousands of employees out of its four buildings but now only has offices for 500 employees at Bracebridge II. The final employees will be moved out of the city and to Bank of America’s Deerfield Campus in Pike Creek or to its Christiana Campus in Stanton by November 2025.

Bracebridge I on N. King …