Park Tower at Transbay explained

Building Name:Park Tower at Transbay
Location:250 Howard Street
San Francisco, California
Coordinates:37.7903°N -122.3943°W
Pushpin Map:United States San Francisco Central#California#USA
Start Date:October 2015
Completion Date:2018
Status:Complete
Building Type:Commercial offices
Roof:550feet
Architectural:605feet
Floor Count:43
Floor Area:743000square feet
Architect:Goettsch Partners
Solomon Coldwell Buenz
Developer:MetLife Inc.
John Buck Co.
Golub Real Estate Development
References:[1] [2] [3]

Park Tower at Transbay is a 43-story, 605feet office skyscraper in San Francisco, California. The tower is located on Block 5 of the San Francisco Transbay development plan at the corner of Beale and Howard Streets, near the Salesforce Transit Center.[4] The tower contains of office space.[5] The entire office space has been leased by Facebook.[6]

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.[7] Although zoned for residential development, the San Francisco Office of Community Investment and Infrastructure issued a request for proposal for a 550feet tower with of office space.[8]

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.[9] The proposal from Golub Real Estate and The John Buck Company was ultimately selected,[10] featuring a number of large, outdoor terraces on both the northwest and southeast corners of the building.[4] The development group paid US$172.5 million to acquire the property in September 2015.[11] [12] Ceremonial groundbreaking took place on October 6, 2015,[3] [13] with MetLife taking a majority stake in the project,[14] reportedly worth US$345 million for a 95% ownership stake.[15] The lobby was designed by Interior Architects.

See also

External links

Notes and References

  1. Web site: Emporis building ID 1258561 . https://web.archive.org/web/20150928175735/https://www.emporis.com/buildings/1258561 . dead . September 28, 2015 . Emporis.
  2. Web site: Transbay Tower Design - Block 5 . November 18, 2014 . Goettsch Partners . San Francisco Office of Community Investment and Infrastructure.
  3. MetLife, The John Buck Company and Golub Form Partnership to Develop Office Complex in Downtown San Francisco . October 6, 2015 . Business Wire.
  4. News: 550-Foot Block 5 Tower And Terraces In Context . November 21, 2014 . SocketSite.
  5. News: Soaring office tower approved to hit San Francisco's skyline . Cory . Weinberg . July 13, 2015 . San Francisco Business Times.
  6. Web site: Facebook leases entire Park Tower high-rise [Update]]. Brinklow. Adam. 2018-05-14. Curbed SF. 2019-03-13.
  7. News: An Unexpected Transbay Twist And Block Redesign . April 3, 2014 . SocketSite.
  8. News: Transbay Block 5 Tower Will Be Commercial Not Residential . April 4, 2014 . Tracy . Elsen . Curbed SF.
  9. News: Veteran developers chase high-profile Transbay office site . Adam . Weintraub . June 26, 2014 . San Francisco Business Times.
  10. News: Chicago-based team leads in race to develop Transbay Block 5 . July 24, 2014 . Adam . Weintraub . San Francisco Business Times.
  11. News: Redesigned To Blow You Away, But Hopefully Not Off A Balcony . November 14, 2014 . SocketSite.
  12. ParkTowerSF . 647115449730236416 . September 24, 2015 . Park Tower's #land purchase has been finalized & #construction is commencing immediately! Learn more at http://www.parktowerattransbay.com #CRE.
  13. Web site: 250 Howard: Another Site Joins SoMa's Building Boom . Rob . Nicolo . November 8, 2015 . SFHog.
  14. News: MetLife Takes Majority Stake in New San Francisco Office Tower . Hui-Yong . Yu . October 6, 2015 . Bloomberg.
  15. News: MetLife Places $345MM into Transbay Office Development . Jon . Peterson . October 7, 2015 . The Registry.