In January of 2021, the Oceanwide Center in San Francisco was expected to become the second tallest tower in the Bay Area. Construction was put on hold in October of 2020, and subsequent issues throughout 2021 have imperiled Oceanwide’s plans. However, foundation work is complete, and there remains hope that a new developer could pick up and finish the highly anticipated 910-foot tower designed by Foster + Partners.
50 1st Street
Reporting by the San Francisco Business Times reveals that Oceanwide Holdings have paused construction for the much-anticipated Oceanwide Center at 50 1st Street in SoMa, San Francisco. While crews have recently completed the foundation, this announcement makes clear that the structure will not be rising soon. Once resumed, it becomes the second tallest building in Northern California and fourth tallest in the state.