ROANOKE, Va. (WDBJ7) -- American Electric Power announced Tuesday it will invest $12.7 million to establish its AEP Transmission operation in downtown Roanoke.
The company will remodel about 66,000 square feet of Appalachian Power's Franklin Road building and construct a multi-level parking facility to accommodate the additional employees. Another 200 employees already work there.
The announcement was made in Roanoke by Governor Terry McAuliffe, City of Roanoke Mayor Sherman Lea and AEP executives.
About half of the 200 employees moving into the downtown office have been working at Appalachian's John Vaughan Center facility. About 100 employees will be hired in project management and engineering positions.
The remodeling and new construction is expected to be complete by spring 2019.
During the remodeling, some of the transmission employees will be housed in leased downtown office spaces.