KPMG Building explained

KPMG Building
Alternate Names:55 Second Street
One Second Street
Status:Complete
Pushpin Map:United States San Francisco Central#California#USA
Location:55 Second Street
San Francisco, California
Coordinates:37.7887°N -122.4003°W
Start Date:2000
Completion Date:2002
Architect:Heller Manus Architects
HKS Architects
Owner:Hines Interests Limited Partnership
Cost:US$110 million
Floor Area:41063m2
Floor Count:25
References:[1]
Building Type:Commercial offices
Architectural Style:Postmodern
Roof:100m (300feet)
Elevator Count:8
Structural Engineer:Louie International
Glumac International
Main Contractor:Hathaway Dinwiddie
Developer:Cousins Properties, Inc.
Myers Development Co.
Management:Hines Interests Limited Partnership

The KPMG Building is a 25-story, 100m (300feet) Class A office building located at 55 Second Street in the Financial District of San Francisco, California, designed by Heller Manus, and completed in 2002.[2]

History

When the building was first proposed by Jaymont Properties in 1989, the project was called One Second Street.[3] The development was slowed by the early 1990s recession in the United States but was eventually approved in February 1998.[3]

In November 1999, Jaymont sold the development site to a partnership of Cousins Properties Inc. and Myers Development Company for US$22 million.[4] Groundbreaking took place in May 2000 and the building was completed in March 2002.[5] [6]

In September 2004, Cousins/Myers sold the building to an affiliate of Hines Interests Limited Partnership for US$146.4 million.[7]

Like many other buildings in the area, 55 Second Street contains a public space, described by the San Francisco Chronicle as "a big room with hardwood floors, skylights and grand leather chairs, like a private club", which is located on a mezzanine level.[8]

Major tenants

See also

External links

Notes and References

  1. Web site: Emporis building ID 100483 . https://web.archive.org/web/20160307040028/https://www.emporis.com/buildings/100483 . dead . March 7, 2016 . Emporis.
  2. Hines Acquires 55 Second Street And 101 Second Street In San Francisco . Hines Interests Limited Partnership . 21 September 2004 . 1 September 2010.
  3. Web site: SAN FRANCISCO PLANNING COMMISSION MOTION NO. 14542 . February 12, 1998 . November 22, 2013.
  4. News: Cousins, Myers close on development site . San Francisco Business Times . November 17, 1999 . November 22, 2013.
  5. Web site: Cousins and Myers Commence One Second Street: Major Tenants Signed for New San Francisco Office Tower . Myers Development Company . May 2, 2000 . November 22, 2013 . Cousins Properties Incorporated and Myers Development Company today announced the commencement of One Second Street, a 374,000 square foot Class "A" office tower located in the heart of San Francisco's Financial District..
  6. Web site: Myers Development Company (Projects > Commercial > KPMG Building) . November 22, 2013.
  7. Cousins/Myers Partnerships Sell San Francisco Office Buildings for $287 Million . Cousins Properties Incorporated via BUSINESSWIRE . September 21, 2004 . November 22, 2013.
  8. Web site: Vibrant center of city’s future a good place to grab lunch. 2015-08-02. SF Chronicle. Nolte. Carl. 2015-08-01. ... most of the streets are sunny and many have public plazas, an amenity the city requires of potential developers. There are 64 of these public places in private buildings [...] all sandwiched in less than a square city mile. One of the best of these public spaces is at 55 Second St., on a mezzanine up a set of polished stairs. Here is a big room with hardwood floors, skylights and grand leather chairs, like a private club. The public is welcome to sit, read, eat lunch or just hang out..