First Market Tower Explained

525 Market Street
Former Names:Tishhman Building, First Market Tower
Location:525 Market Street
San Francisco, California
Coordinates:37.7905°N -122.3991°W
Pushpin Map:United States San Francisco Central
Completion Date:1973
Renovation Date:1991
Building Type:Commercial offices
Roof:161m (528feet)
Top Floor:39
Architect:John Carl Warnecke & Associates
Main Contractor:Cahill Contractors, Inc.
Owner:Knickerbocker Properties
References:[1]

525 Market Street, once known as First Market Tower, is an office skyscraper at the southwest corner of First- and Market Streets in the Financial District of San Francisco, California. The 161m (528feet), 39 floor tower was the second largest office building by square footage in the city (after 555 California Street) when completed in 1973.[2] It is owned by the New York State Teachers Retirement System since 1998. It is one of 39 San Francisco high rises reported by the U.S. Geological Survey as potentially vulnerable to a large earthquake, due to a flawed welding technique. [3]

History

In 2020, 49% stake of the building was sold to a Deutsche Bank subsidiary for $682 million.

Tenants

Notes and References

  1. Web site: Emporis building ID 118780 . https://web.archive.org/web/20160307025050/https://www.emporis.com/buildings/118780 . dead . March 7, 2016 . Emporis.
  2. Web site: Largest Office Buildings in San Francisco . San Francisco Business Times . 2013-10-18 . 2013-12-04.
  3. Web site: At Risk in a Big Quake: 39 of San Francisco’s Top High Rises. 2018-06-14. The New York Times. 2021-10-04.
  4. Web site: Andrew Nelson. 2021-07-08. Number 26: First Market Tower at 525 Market Street, SoMa, San Francisco. 2021-08-16. San Francisco YIMBY. en-US.