A new 40,000-square-foot building that will include office and warehouse space is under construction at Charlotte Motor Speedway.

Slated for completion in April, the building is located behind the Diamond Tower Terrace grandstand in Turn 2.

The new building, known as the SMI Warehouse, includes space for Levy Restaurants, SMI Properties and Charlotte Motor Speedway's Research and Development department, all of which will relocate from a building at the corner of Morehead Road and U.S. Highway 29. The new building will also house the speedway's security operations.

The building at the corner of Morehead Road and U.S. Highway 29, which housed the speedway's administrative offices before they moved to Smith Tower in 1988, is slated for demolition. That area will be used to expand the track's hospitality village and will also include space for souvenir sales and corporate displays during major events.