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.
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.
SHVO, the new owner of the Transamerica Pyramid and two adjacent buildings, has started renovations of San Francisco’s iconic property with an official ceremony. Though not a traditional groundbreaking event, dirt was shoveled by many important local representatives next to Michael Shvo. Plans for renovating the 50-year-old landmark are designed by Foster + Partners.
Construction work has begun on the renovation of San Francisco’s most iconic skyscraper, the Transamerica Pyramid. The project is led by the New York City-based property owner, SHVO, with design by Foster + Partners. Focused on the public open space and the pyramid’s interiors, phase one will reemphasize the iconic modernist design inside, update the offices, increase on-site amenities, and lease 45,000 square feet for a Manhattan-based elite social club, all in a bid to elevate the pyramid from a visual marvel into a magnetic destination for both tenants and the public.
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.
