101 Second Street Explained

101 Second Street
Location:101 Second Street
San Francisco, California
Coordinates:37.7881°N -122.3991°W
Pushpin Map:United States San Francisco Central#California#USA
Completion Date:2000
Building Type:Commercial offices
Roof:108m (354feet)
Floor Count:26
Floor Area:388000square feet
Architect:Skidmore, Owings & Merrill
Main Contractor:Hathaway Dinwiddie
Developer:Cousins Properties, Inc.
Myers Development Co.
Owner:Invesco Real Estate
References:[1]

101 Second Street is an office tower located in the South of Market district in San Francisco, California on Mission Street. The 108m (354feet) building was completed in 2000 and has 26 floors with 388000square feet for offices. It is known for its glass-clad, four-story atrium which functions as public space. Its art pavilion has included commissions by painter Charles Arnoldi and sculptor Larry Bell. On warm days, the building at street level is opened.

History

101 Second Street was developed by a partnership of Cousins Properties Incorporated and Myers Development Company, along with 55 Second Street.[2] Both properties were sold to an affiliate of Hines Interests Limited Partnership in September 2004 for US$282 million, of which US$144 million was for 101 Second Street. Hines sold 101 Second Street to Invesco Real Estate for about $297 million in January 2014.[3]

As of May 2023, during what the San Francisco Chronicle described as "Downtown San Francisco['s] worst office vacancy crisis on record," 101 Second Street had a vacancy rate of 21.1%.[4]

Tenants

See also

External links

Notes and References

  1. Web site: Emporis building ID 118708 . https://web.archive.org/web/20160307021909/https://www.emporis.com/buildings/118708 . dead . March 7, 2016 . Emporis.
  2. Hines Acquires 55 Second Street And 101 Second Street In San Francisco . Hines . September 21, 2004 . January 20, 2014 . December 3, 2013 . https://web.archive.org/web/20131203123021/http://www.hines.com/press/releases/09-21-04.aspx . dead .
  3. News: $765 a square foot? Tower price blows away expectations . J.K. . Dineen . San Francisco Business Times . January 6, 2014 . January 20, 2014.
  4. Web site: Li . Roland . Devulapalli . Sriharsha . 2023-05-08 . Downtown S.F. has 18.4 million square feet of empty office space. We mapped every vacancy . 2023-06-11 . San Francisco Chronicle . en-US.
  5. Web site: | California Secretary of State.
  6. Web site: CIBC US Locations . 2024-02-22 . us.cibc.com . en-ca.