Coming in as the fiftieth tallest tower in the Bay Area built or planned is Jasper, a prominent building along the San Francisco skyline perched on Rincon Hill. The 430-foot tower at 45 Lansing Street, SoMa, was completed in 2016 by Miami-based Crescent Heights and then purchased in the summer of 2019 by Northwestern Mutual for $306 million. The development was made possible by San Francisco’s 2005 Rincon Hill Plan, a neighborhood-focused zoning program that helped pave the way for many of the towers on our list to offer housing in the Central Business District.
Before Crescent Heights, Jackson Pacific Ventures had eyed the location for a similarly tall 227-unit project. Following the 2008 recession, Crescent Heights acquired the underdeveloped site for $13 million. Construction is estimated to have cost at least $78 million, giving the firm a healthy profit with their 2019 sale. The $306 million price tag is equivalent to the construction cost for Zaha Hadid’s One Thousand Museum tower in Miami or the 2020 Sonic the Hedgehog movie’s total domestic and international revenue.
The 39-story structure yields 471,330 square feet, adding 320 apartments to the neighborhood. Plans called for 99 studios, 93 one-bedrooms, and 128 two-bedroom units. Since then, three-bed units have been added. Parking for 265 vehicles and 93 bicycles is included on-site. Residents can also rent a Zipcar, scooters, and bikes through the building. At this moment, public listings show that unit asking prices range from $2,150 up to $7,485.
Stanley Saitowitz | Natoma Architects is responsible for the interior design. Along with unit interiors, the firm poured significant effort into the plentiful residential amenities. These include an indoor pool, lounge area, fitness center, on-site movie theater, a lounge, and a meeting room. Several units will have access to in-suite balconies. For the arts-loving residents, Jasper’s common space exhibits a curated art collection.
Middlebrook + Louie are responsible for the structural engineering. The project replaced a low-rise commercial building with a tower-on-podium structure of reinforced concrete. A 65-foot deep excavation made space for the lower levels. The building received LEED Silver certification.
HKS Architects is responsible for the design. The in-fill tower has a clean exterior without visible HVAC systems. Its distinctive vertical stripes of white metal panels frame oversized windows along three sides. A curtain wall system will face the rest of the city, while private balconies face the Bay Bridge and Oracle Park.
This marks the third contribution to SFYIMBY’s 2021 countdown of the 52 tallest built and planned towers in the Bay Area as of January 1st, 2021. Subscribe to our newsletter to get the Bay Area development news every morning, and look out for our tallest tower countdown every Thursday.