Formal plans have been filed for 50 1st Street in SoMa, San Francisco. The latest application provides details about the 913-foot tower, dubbed Fifty at First, as well as more information about the potential mixed-use second phase at 528 Mission Street. The San Francisco Recovery Fund is overseeing the development.
The San Francisco Recovery Fund has announced its vision for 50 1st Street in SoMa, San Francisco. The site has been a prominent mothballed pit in the heart of the city after construction ceased in 2020 amid the former developer’s financial turmoil. Now, the project team is looking to open Fifth at First as early as 2031.
The long-delayed Oceanwide Center project in San Francisco’s SoMa Neighborhood may be getting new life with a deal to change the property’s ownership. Last week, a new developer put down a nonrefundable deposit on the 50 First Street site, with hopes of closing a full deal within the next two months.