Skidmore Owings & Merrill

555 California Street seen right of center

Sale of Vornado and Trump Owned Iconic 555 California Now On Hold

5:30 am on November 25, 2020 By Andrew Nelson

Once the tallest building in the west of the United States, 555 California Street still stands out in the San Francisco skyline half a century later. The 1969-era skyscraper has long been symbolic of the city’s Financial District, second only to the Transamerica Pyramid. Currently, the building is majority-owned by Vornado Realty Trust, holding 70% of ownership, with a 30% partnership deal with the President’s Trump Organization. Vornado announced this week that they have temporarily ceased efforts to sell the building, as well as the 1290 6th Avenue tower in Manhattan, also part-owned by the President’s company, stopping the search for a potential $5 billion transaction. If made, the Trump Organization stood to gain $1.5 billion. Efforts to sell are expected to restart in 2021.

Genesis Towers beside the freeway, via SOM, image by Tim Griffith

SOM-Designed Genesis Office Complex Purchased for a Billion

5:00 am on October 19, 2020 By Colin LeStourgeon

Ventas has purchased the recently completed Genesis Office Complex for $1 billion. The project, which features two sleek glass towers, will add considerable depth to the companies growing portfolio of properties. Genesis wrapped up construction in 2019, yielding 721,000 square feet of office space for the South San Francisco market.

Permits Filed for 42-Story 95 Hawthorne Street, SoMa, San Francisco

5:30 am on October 14, 2020 By Andrew Nelson

A 42-story residential tower planned for 95 Hawthorne Street has made another step towards its realization. Permits have been filed for the new building in SoMA, San Francisco, starting the process for construction to begin. A total of 412 dwelling units are planned for the building, a twenty-unit increase since its approval in the second half of 2019. Skidmore, Owings & Merrill will be responsible for the design.

One Steuart Lane, image by Andrew Campbell Nelson

SOM-Designed One Steuart Lane Tops Out, SoMa, San Francisco

5:30 am on September 22, 2020 By Andrew Nelson

The SOM-designed One Steuart Street has reached its 220-foot pinnacle, looking over the Embarcadero. Located in the East Cut portion of SoMa, the new residential tower plans to offer unique listings for the ultra-wealthy who might otherwise look for single-family houses in the city’s outskirts. Now that construction has topped out, the project is fast approaching completion and occupancy.

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