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7/13/23
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Alaska Permanent Fund Corporation (APFC) has started construction on the $13.4 mil renovation of Five50West, a 20-story, 362.8k sf office building located at 550 West C Street in downtown San Diego. A San Diego landmark and symbol of office grandeur, Five50West is best known for its open concept first floor lobby that seamlessly connects to the expansive outdoor concourse.
The comprehensive remodel was designed by Gensler, with construction oversight provided by JLL’s PDS team. Inside, the first floor lobby will be infused with hospitality conveniences using modern finishes that will create an atmosphere of sophistication and innovation. These finishes will carry through to the upper floors, offering vibrant and inspiring workspaces and stunning waterfront and city views that will attract top talent.
The state-of-the-art, fitness and wellness center, with an anticipated completion of November 2023, will feature the finest cardio, exercise, circuit-training and strength-extension equipment, towel service, and spa like shower and locker facilities to encourage a healthier lifestyle for the building’s occupants. The increased capacity conference center will support larger meetings as well as include social media sound rooms.
Outside, Five50West is being adorned with new features to enhance the tenant experience. The expanded concourse will offer a serene escape from the hustle and bustle complete with comfortable seating areas, collaborative outdoor workspaces and an open concept café. Other enhancements underway include a tenant lounge, enriched exterior landscape and LED lighting program, and improved parking garage and way finding signage throughout the project. Completion of the full renovation is anticipated for Q12024.
Five50West is ideally located in the heart of downtown San Diego with panoramic views of San Diego Bay, San Diego International Airport and Balboa Park. It is adjacent to the Santa Fe Depot (Amtrak, Coaster & Trolley), providing immediate access to neighboring communities, and is walking distance to the San Diego Bay, County and Federal Courthouses, Little Italy and other retail amenities.
Leading the office leasing at Five50West are JLL’s Richard Gonor, Tony Russell and Bess Wakeman. Five50West can accommodate a wide range of users from 2k sf to 100k sf.
“Downtown remains one of the most desirable office markets in San Diego with its vibrant energy, walkable amenities and a live-work-play lifestyle,” said Gonor. “The downtown market is evolving and so is Five50West. It will now provide everything today’s employees require from a dynamic workplace – amplified amenities, food & beverage offerings, outdoor collaborative spaces, convenient location, and a safe environment.”
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