Groundbreaking Held for CFA Institute

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The former Martha Jefferson Hospital building will soon be a new home to a Charlottesville organization. Chartered Financial Analyst Institute (CFA) is celebrating the launch of construction of its new global operations center.

CFA held a groundbreaking event Thursday to mark the start of its new home on High Street in Charlottesville.  What now stands as an empty hospital will soon serve as the anchor to a global company.

CFA's global operations center is scheduled to open in fall 2013. It is expected to do its part in boosting the Charlottesville economy, bringing 350 existing jobs to Charlottesville and creating 45 new positions.

Once the new location is finished, it will be more than twice the size of the current CFA office space.    CFA will be reusing both the south tower and south building of the hospital. The company also plans to renovate and preserve the historic Patterson building.

They also plan to have 500 on-site parking spaces, which will prevent the potential for parking to spill over into the residential neighborhoods.

Attendees at the groundbreaking said the new office will serve as a great asset to the city.

Charlottesville Mayor Satyendra Huja said, "It is a great use for hospital space.  Perfect fit for the neighborhood, it will be very compatible to the neighborhood, so I am very pleased that this use came along."