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550 Howard Street:Parcel F Architectural design, rendering by SteelBlue

Hines Gets Loan Extension for 61-Story Parcel F, San Francisco

5:30 am on July 7, 2023 By Andrew Nelson

Permits are approved, and construction was expected to start two years ago, but now the site remains undisturbed while the project developer has received an extension for two loans totaling $80 million. Both JPMorgan Chase Bank and United Overseas Bank have pushed the deadline for Hines through October for two $40 million loans pertaining to the 61-story proposal at 550 Howard Street in SoMa, San Francisco. If built today, the mixed-use tower could become the fourth tallest tower in the city.

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Parcel F Tower, design by Pelli Clarke Pelli with rendering by SteelBlue

Number 5: Transbay Parcel F at 550 Howard Street, SoMa, San Francisco

5:30 am on December 2, 2021 By Andrew Nelson

The fifth tallest building in the Bay Area planned or built in the SFYIMBY January 2021 Countdown is the Transbay Parcel F at 550 Howard Street in SoMa, San Francisco. Proposed by a joint venture with Hines, Urban Pacific, and Goldman Sachs Asset Management, the mixed-use tower will rise 806 feet above street level. Construction is scheduled to start in the first quarter of next year.

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