In 2006, the building was sold to Banco Itaú, prior to which time BankBoston company had merged with Fleet Bank, and ceased to exist as a separate entity.

The builder Hochtief, the German capital, was chosen to build the new Brazilian offices of BankBoston, on the ground located on the Marginal Pinheiros São Paulo.

Next to the bank building will be constructed a network Hyatt hotel, the United States and one office tower of the ACD, the company's former shareholder of Pão de Açúcar Group Alcides Diniz.

The plot of land which will house the condominium, next to the new headquarters of Rede Globo, was owned by Diniz, that the area received as compensation for the purpose of the company in.

The Sede do BankBoston is one of the works of architecture and engineering more complex and innovative built on Brazilian soil in recent years.