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2/12/15
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Oceanwide Holdings Co Ltd has obtained full ownership of the two-tower First & Mission development site in San Francisco’s TransBay District. The China-based company had owned the property in partnership with TMG Partners, who will continue to assist Oceanwide on the entitlement process.
The First & Mission project is expected to contain 1.35 msf of office/commercial space along with 650k sf of residential space. The taller tower will reach 850 feet in height and will contain office and res space. The adjacent tower will reach 605 feet and will house the hotel and additional residential space. Oceanwide’s total investment in the project could be as much as $1.6 bil.
The design work is being overseen by architects Foster + Partners and Heller Manus. The towers will be a sustainable model of high density, mixed-use development. The office tower will front First Street and offer large floorplates. The condominium portion of the project will be taller than any residential project on the West Coast.
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