Hines has announced a deal with Rosewood Hotels and Resorts to occupy the hospitality portion of 550 Howard Street, a mixed-use tower set to break ground early next year in SoMa, San Francisco. Dubbed Parcel F, it is the tallest of the remaining Transbay tower parcel remaining. The 806-foot tall tower is being developed by a joint venture with Hines, Urban Pacific, and Goldman Sachs Asset Management.
550 Howard Street
The San Francisco Board of Supervisors is expected to give their second and final approval for the 61-story mixed-use proposal for 550 Howard Street in SoMa, San Francisco. The highly-anticipated approval comes after the supervisors voted 10 to 1 to allow construction. The project is located on Parcel F of the Transbay district development plan and represents the last major project from the plan sixteen years since it was adopted.
The San Francisco Planning Department has circulated a notice to the public that the development for 550 Howard Street in SoMa, San Francisco, is heading to the Planning Commission on January 28th. The document provides updated building stats for the tower, including a 50-foot decrease in height since our last coverage. Regardless, at 750 feet, the Transbay Parcel F tower is the tallest active project in the Bay Area’s pipeline. Hines is responsible for the development.
Across the Bay Area, an array of large and significant projects have been progressing in the background, or with semi-recent news from before, we started SF YIMBY last month. 550 Howard Street in SoMa is one such project, and it’s a big one. Its construction permits were approved In mid-January of this year, clearing the way for the fourth tallest skyscraper in the Bay Area. Once complete, it will stand beside the Transbay Terminal 800 feet tall, designed by the Salesforce Tower’s same firm, Pelli Clarke Pelli.