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.
Construction for the billion dollar 5M is progressing quickly, with the largest building already near topping out sixteen months after groundbreaking in SoMa, San Francisco. The project will produce six structures, three new, three historic restorations. This includes the former headquarters of the San Francisco Chronicle newspaper, owned by Brookfield Properties’ partner for the development, Hearst. The master plan is by SITELAB Urban Studio, guided by the stated mission to create a privately funded arts- and community-oriented mixed-use district. Recently captured pictures by SF YIMBY reveal how the project has progressed.
Construction is progressing quickly for the 173-unit residential building at 1940 Webster Street in downtown Oakland. The seven-story project, also known as Modera Lake Merritt, has topped out, paving the way for construction expected to end by early next year. Mill Creek, a national firm based in Florida, is responsible for the development.
Recent images show that the recladding and five-story expansion of the office building at 633 Folsom Street, SoMa is nearly complete. The new design is by Gensler, an international architecture firm, with development by the building owner, Swig Company. A future tenant has already been secured by CBRE, Asana, a tech company owned by Facebook co-founder Dustin Moskovitz. Occupancy is expected soon.
Construction is moving forward at 200 Park Avenue, one of San Jose’s biggest new office developments. Excavation appears to have bottomed out less than a year after its 2019 ground-breaking. Once complete, it will stand as the tallest office building in the city, and extension of San Jose’s downtown core.
