Hines has announced a deal with Rosewood Hotels and Resorts to occupy the hospitality portion of 550 Howard Street, a mixed-use tower set to break ground early next year in SoMa, San Francisco. Dubbed Parcel F, it is the tallest of the remaining Transbay tower parcel remaining. The 806-foot tall tower is being developed by a joint venture with Hines, Urban Pacific, and Goldman Sachs Asset Management.
The 17th tallest building in San Francisco planned or built is Market Center, the 573-foot tall office tower at 575 Market Street in SoMa, San Francisco. Part of a two-structure complex, the towering offices were home to the international headquarters for Standard Oil of California, now known as Chevron, from opening until 2001. Now, the building is owned and managed by Paramount Group.
New details have been published for two 17-story apartment buildings and a new public park to replace the former Transbay Temporary Bus Terminal in SoMa, San Francisco. Transbay Block 2 and 3 represent two-thirds of the full-block property. The projects are overseen by the Office of Community Investment and Infrastructure, i.e., the OCII.
The Registry San Francisco has reported that Strada Investment Group purchased the site for their proposed residential tower at 555 Bryant Street in SoMa, San Francisco. Strada reportedly closed on the property for $44.9 million. The proposed building is expected to create 500 new rental units, including some affordable housing.
A preliminary project assessment application has been filed, revealing for the first time a proposed 58-story residential tower for 620 Folsom Street in SoMa, San Francisco. Located between Hawthorne, 2nd Street, and Howard Street, the address would create 623 new rental apartments, boosted by the 50% state density bonus. Ground Matrix is listed as the applicant.
