| Oceanwide Center | |
| Status: | Under Construction |
| Location: | 50 First Street San Francisco, California |
| Coordinates: | 37.7903°N -122.3985°W |
| Groundbreaking Date: | 2016 |
| Start Date: | 2017 |
| Est Completion: | unknown |
| Building Type: | Commercial offices Residential condominiums Hotel |
| Roof: | Tower I: 850feet Tower II: 605feet |
| Architectural: | Tower I: 910feet Tower II: 625feet |
| Floor Count: | Tower I: 61 Tower II: 54 |
| Unit Count: | Tower I: 111 Tower II: 169 hotel, 154 residential |
| Floor Area: | Tower I: 1432872square feet Tower II: 631638square feet |
| Architect: | Foster + Partners Heller Manus Architects |
| Structural Engineer: | Magnusson Klemencic Associates |
| Developer: | Oceanwide Center LLC |
| Owner: | Oceanwide Holdings |
| References: | [1] [2] [3] |
Oceanwide Center is a mixed-use skyscraper complex on hold in the South of Market neighborhood of San Francisco, California, consisting of two towers.[4]
The taller tower, located at 50 First Street, is expected to rise and contain 34 stories of office space below 19 floors with approximately 111 residential units.[2] The base of the tower includes a six-story tall, outdoor "urban room" of public open space.[5] The tower will feature diagonal, exterior bracing and taper towards the top, reminiscent of the John Hancock Center in Chicago.[6] If completed as proposed, the 905feet tower would become San Francisco's second-tallest building after Salesforce Tower, surpassing the long time record-holder, the Transamerica Pyramid.
The shorter tower, at 512 Mission Street, is planned to climb and will contain the 169-room Waldorf Astoria San Francisco hotel on the first 21 floors[7] and approximately 154 residential units on the upper 33 floors.[2] [8]
The parcels around 50 First Street were upzoned as part of the Transit Center District Plan approved in 2012 in conjunction with the new Salesforce Transit Center.[9] The parcels were originally assembled by developer David Choo and a plan was floated in 2007 for towers as tall as designed by Renzo Piano.[10] Choo was eventually forced to sell the property during the 2008 financial crisis.[11]
In 2013, TMG Partners and Northwood Investors acquired the property out of bankruptcy court for .[12] TMG and Northwood hired Foster + Partners and Heller Manus Architects to re-design the project.[13] In 2015, Beijing-based Oceanwide Holdings acquired the property for US$296 million.[14] [15] A groundbreaking ceremony for the buildings was held on December 8, 2016.[16] [17]
Construction on the shorter of the two towers was suspended in 2019 due to economic conditions.[18] Subsequently, the construction on the second, taller tower was also halted in 2020 due to the COVID-19 pandemic[18] and had not resumed construction as of May 2024.