The 476-foot tall office building at 45 Fremont Street is tied as the 37th tallest building in the Bay Area planned or built. The low-profile tower was completed in 1978 by Shorenstein Properties, one of the city’s most prominent landlords, and involved with three other properties already featured on the SFYIMBY Tallest 52 Towers countdown.
The 34-story building rises from a 31,760 square foot parcel with floor plates averaging 18,000 square feet. The full structure spans approximately 692,000 square feet, of which 596,060 square feet is rentable office space. There is no parking on-site. 45 Fremont has received LEED Gold certification.
Shorenstein is currently working on expanding and renovating the building’s lobby and adjacent landscaped plaza. The office space is occupied by the Wells Fargo Securities and Investment Banking divisions, KPFF Consulting Engineers, and the San Francisco offices for the much-covered Gensler architecture firm.
Skidmore Owings & Merrill is the original design architect. The modernist building is clad with aluminum and glass to form a flat two-dimensional facade extending repetitively from the second level to the parapet.
The property was part of an engaging deep dive into real estate taxes by KQED in October of 2020. In 2017, Blackstone purchased a 49% ownership stake from Metlife for $233 million, estimating the full market value at $475 million. This came after the city’s assessor’s office projected the property’s value to be $232 million. Shorenstein maintains a 51% ownership share.
Today’s story is part of a weekly series on SFYIMBY to count down the 52 tallest towers in the Bay Area built or planned as of January 2021.
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When originally built in 1978, it was connected by a walkway to the 14th floor of the 50 Beale St. building since both buildings were completely occupied by Bechtel Corporation which has since relocated its headquarters to Reston, VA.