|
|
10/07/15
|
Joint venture partners The John Buck Company, Golub & Company and MetLife Real Estate Investments have broken ground on an exciting new office tower development in San Francisco’s Transbay Terminal area. The project, Park Tower at Transbay, will contain 750k sf of commercial space and will stand 43 stories in height once completed in 2018.
This latest addition to San Francisco’s skyline will command spectacular views of both the city and bay from a superior location in the heart of the new Transbay neighborhood, arguably one of the city’s most desirable submarkets. The building will sit across from the 5.4-acre City Park, located atop the future Transbay Transit Center, now under construction at First and Mission Streets.
The development team acquired the site from the Office of Community Investment and Infrastructure (OCII) for $172.5 mil, in partnership with the Transbay Joint Powers Authority (TJPA). The building is pre-certified LEED Gold.
Designed by renowned architect Goettsch Partners and Solomon Cordwell Buenz, Park Tower’s innovative design emphasizes bringing the “outside inside” to create a unique corporate environment within a high density, urban setting. Park Tower at Transbay will include 10k sf of high-end retail space. The building will have more than 50k sf of outdoor and open space including a ground floor park; 17k sf of outdoor space on floors 12 and 28; and 14 skydecks, each with about 1k sf of private outdoor space. The building will also feature a dramatic open-air atrium lobby rising through the first three stories.
The building’s design allows for panoramic views from 70 percent of the floor space. Each floor features floor-to-ceiling window lines and minimal columns to maximize view corridors and enhance natural light within the workspaces. Floorplates range from 27.5k sf at the base to 12k sf in the upper floors to provide a broad array of options for tenants of varying size requirements. Subterranean parking with an advanced stacking structure allows for 128 vehicles.
The development will also provide over 20k sf of public open space within the development and surrounding neighborhood. More than 4,400 residential units, 200k sf of retail amenities and nine acres of new parks are planned and under construction in the immediate vicinity of Park Tower.
Park Tower’s proximity to the new Transbay Transit Center and other neighborhood amenities will be a plus to the tenants leasing space as they recruit talent throughout the City and beyond. Christopher T. Roeder, Wes Powell and Steve Anderson of JLL are the building’s exclusive leasing agents.
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
