Park Tower At Transbay
History
Block 5, an area bounded by Howard, Main, Beale and Natoma Streets, was formerly a state-owned parcel used for ramps leading to the since-demolished Transbay Terminal and Embarcadero Freeway. The block is bisected by a driveway for the neighboring Providian Financial Building. Although zoned for residential development, the San Francisco Office of Community Investment and Infrastructure issued a request for proposal for a 550-foot (170 m) tower with 700,000 square feet (65,000 m) of office space.
Four development teams submitted proposals for the site: Boston Properties with Kohn Pedersen Fox; Golub Real Estate and The John Buck Company with Goettsch Partners and Solomon Cordwell Buenz; Jay Paul Company with Skidmore, Owings & Merrill; and Kilroy Realty with Pelli Clarke Pelli. The proposal from Golub Real Estate and The John Buck Company was ultimately selected, featuring a number of large, outdoor terraces on both the northwest and southeast corners of the building. The development group paid US$172.5 million to acquire the property in September 2015. Ceremonial groundbreaking took place on October 6, 2015, with MetLife taking a majority stake in the project, reportedly worth US$345 million for a 95% ownership stake. The lobby was designed by Interior Architects.
Images
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The cranes constructing the foundation, in front of the Millennium Tower and Transbay Terminal, and in the distance the Salesforce Tower and 181 Fremont Tower under construction. -
The excavation and foundation construction on Nov 3, 2016. -
Basement construction nears ground level and crossbracing being removed on Jan 31, 2017.
See also
External links
References
- ^ "Emporis building ID 1258561". Emporis. Archived from the original on September 28, 2015.
- ^ "Park Tower at Transbay". SkyscraperPage.
- ^ "Transbay Tower Design - Block 5". Goettsch Partners. San Francisco Office of Community Investment and Infrastructure. November 18, 2014.
- ^ "MetLife, The John Buck Company and Golub Form Partnership to Develop Office Complex in Downtown San Francisco" (Press release). Business Wire. October 6, 2015.
- ^ "550-Foot Block 5 Tower And Terraces In Context". SocketSite. November 21, 2014.
- ^ Weinberg, Cory (July 13, 2015). "Soaring office tower approved to hit San Francisco's skyline". San Francisco Business Times.
- ^ Brinklow, Adam (2018-05-14). "Facebook leases entire Park Tower high-rise [Update]". Curbed SF. Retrieved 2019-03-13.
- ^ "An Unexpected Transbay Twist And Block Redesign". SocketSite. April 3, 2014.
- ^ Elsen, Tracy (April 4, 2014). "Transbay Block 5 Tower Will Be Commercial Not Residential". Curbed SF.
- ^ Weintraub, Adam (June 26, 2014). "Veteran developers chase high-profile Transbay office site". San Francisco Business Times.
- ^ Weintraub, Adam (July 24, 2014). "Chicago-based team leads in race to develop Transbay Block 5". San Francisco Business Times.
- ^ "Redesigned To Blow You Away, But Hopefully Not Off A Balcony". SocketSite. November 14, 2014.
- ^ @ParkTowerSF (September 24, 2015). "Park Tower's #land purchase has been finalized & #construction is commencing immediately! Learn more at http://www.parktowerattransbay.com #CRE" (Tweet) – via Twitter.
- ^ Nicolo, Rob (November 8, 2015). "250 Howard: Another Site Joins SoMa's Building Boom". SFHog.
- ^ Yu, Hui-Yong (October 6, 2015). "MetLife Takes Majority Stake in New San Francisco Office Tower". Bloomberg.
- ^ Peterson, Jon (October 7, 2015). "MetLife Places $345MM into Transbay Office Development". The Registry.
