Plans for the 41-story skyscraper at 530 Sansome Street near the Transamerica Pyramid are looking more likely to start with the announcement of a co-developer. McCourt Partners and Related California have entered a joint venture for the 574-foot-tall mixed-use proposal and fire station in San Francisco’s Jackson Square neighborhood. McCourt has acquired an equity stake in the project that Related California had previously indicated could start construction as early as this year.
530 Sansome Street firehouse, rendering courtesy of Related California
Once complete, the tower is expected to contain around 649,500 square feet, including 230,100 square feet of hotel space, 342,000 square feet of office space, and 7,400 square feet for retail and restaurant space. The hotel will include around 200 rooms on floors four through 15. Office space will occupy floors 16 through 41, with employee amenities centralized on the 16th and 17th floors. Parking will be included for 74 cars and 104 bicycles.
Gino Canori, President and CEO at Related California, said of the announcement, “With this partnership, along with the City and local stakeholders, we are ready to deliver an incredible project that will not just benefit the San Francisco business community but will deliver a modern fire station that will serve the City for years to come.”
530 Sansome Street pedestrian view, rendering courtesy of Related California
“San Francisco is at an inflection point, and 530 Sansome is an investment in its future,” said Jordan Lang, President of McCourt Partners. “We are pleased to partner with Related California, a proven leader in delivering complex, high-impact developments. Together, we will create a project that strengthens the Jackson Square neighborhood with world-class commercial space, bringing new energy and vitality to the downtown district. This joint venture reflects our conviction in San Francisco’s resurgence and our role in helping shape its next chapter.”
Skidmore Owings & Merrill is responsible for the design. The glass tower will feature a gentle tapering along the wider walls, with seven setbacks across the 41 floors. Pastel-green metal panels will complement the curtain wall glass. The tower’s three-story podium will feature thicker fluted metal panels. The thicker panels will visually express a strong foundation and contrast with the thin vertical green lines extending up the tower.
530 Sansome Street seen between Embarcadero Center and the Transamerica Pyramid, rendering by SOM
530 Sansome Street via Google Maps
In a previous report by Patrick Hoge for the San Francisco Examiner last year, Related California considered starting construction as early as this year. Hoge added that the firm is confident in demand for modern Class-A office space and high-end hotel rooms. The project team has yet to provide an estimated timeline for groundbreaking.
Elsewhere in San Francisco, McCourt Partners has partnered with Lincoln Property Company for the development of another skyscraper at 536 Mission Street.
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
Did they need McCourt Partners to obtain construction financing?
In the navel-gazing time it takes to build one tall building in San Francisco, 25 similarly sized bldgs are completed in NYC. I realize that San Francisco is 1/3 the side of Queens, but still.
When will be the city we are meant to be?
we had mayor breed scaring off all real estate investors and lenders, meanwhile nyc had eric adams trading extra building height for turkish bribes.
both bad leaders, but very different sins
I would take the corrupt politician if it meant we get a vibrant and energetic city. Instead we get this, 0 cranes in the sky for the last five years, and restaurants that close at 9.
Ill take no corruption and a vibrant livable city with plenty of housing please
ok – well we have no corruption, no vibrancy, and no housing. so… something might have to give.
Does that station have an indoor underground gasoline tank like some firehouse do?
I was a Breed supporter, but now realizing how bad she ran the city. She was all talk, but no action to bring investment into the city. Compare to Lurie who is constantly promoting the city and actually making a difference.
Agreed. He is a remarkable promoter of all things San Francisco. Since this can’t be a one-man-band town, I’d like to see though various department heads also getting involved on social to promote what they do to the city & beyond. Dan is spending an inordinate amount of time on PR & Marketing & needs to be deep into policy & systemic work to make the changes our town needs.
Even w talented support staffs, I don’t see how he can sustain both.
I’d spoken directly with Breed at a few events and got the impression she was being pressured into making a lot of not-great decisions in order to appease the base. That and she was navigating the pandemic. She seemed pretty sensible when not on camera. Nevertheless, not a super productive mayor IMPO.
Build whatever bologna you want East of Twin Peaks.
In the 1930s when something in or around San Francisco needed to be built EG the Bay bridge the Golden gate bridge there was no delay whatsoever and getting that job done what the hell has happened
New York is one of the global financial capitals, and it has been for most of its modern history. San Francisco is not, and it is also a significantly smaller city. Moreover, even with all the recent AI company leasing activity, San Francisco *still* has approximately 30 *million* square feet of vacant commercial space. Developments only occur if they can get financing, and banks do not lend money for new construction unless they think a new building will have tenants.
It has very little to do with who is mayor, etc. Until more of the empty commercial space gets leased or converted to other uses, San Francisco will continue to see very few new commercial skyscrapers built. And, while there is a greater demand for residential buildings, construction of residential high-rises, as opposed to low and mid-rise developments, which are very expensive to build, is also constrained by a lack of available financing.