Last week, YIMBY was given an exclusive tour of the Transamerica Pyramid, showcasing the progress of renovations designed by the internationally acclaimed Foster + Partners. The revamp is led by New York-based developer SHVO, with funding from Deutsche Finance Group. The iconic San Francisco skyscraper is now expected to fully reopen this September, just over a year and a half after the official groundbreaking.
The San Francisco Parks Department and Planning Commission have unanimously approved the Three Transamerica redevelopment in San Francisco’s Financial District. Three Transamerica, or 545 Sansome Street, is the second phase of SHVO’s billion-dollar investment in the historic office complex with design by Foster + Partners. Its adaptive reuse will create a new gateway for the city’s most iconic skyscraper.
New renderings have been published for the renovations of 3 Transamerica for the Transamerica Complex redevelopment by SHVO in San Francisco’s Financial District. The project will double the structure’s height and floor capacity, partially reskin the building with a futuristic design by Foster + Partners, and expand the famous Redwood Park. The $400 million master plan includes renovations of the lobby and interiors of the city’s landmark Transamerica Pyramid.
Plans to expand the commercial office building at 545 Sansome Street in San Francisco’s Financial District that were first filed in early 2020 are still under review, with updates in late 2021. The application, started under the previous owner, Aegon, has continued after the $650 million bundle-sale of the property with 505 Sansome Street and the Transamerica Pyramid in February of 2020 to New York-based SHVO. This week, the developer enflamed tensions in the city by announcing it would not renew the lease for Sai’s Vietnamese Restaurant, which has operated from the property for 37 years. Now, SHVO promises to assist in searching for a new permanent home for Sai’s while city officials look to provide more stability for the family business.