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.
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.
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.