SFist.COM 9.9.2021
The developer behind a 61-story mixed-use tower slated to go in at 550 Howard Street announced plans today for an early 2022 groundbreaking, delivering solid evidence that developers remain very optimistic about post-pandemic San Francisco.
Much of downtown SF is still a ghost town and will likely stay that way into early next year, but developer F4 Transbay Partners — a joint venture of Hines, Urban Pacific and Goldman Sachs Asset Management — is committed to starting construction on 550 Howard, with a slight reduction in the amount of office space planned for the tower. The tower is being designed by architects Pelli Clarke Pelli, the same firm behind Salesforce Tower, and this one, while considerably shorter, will have a complimentary square crown.
Originally, as SFist reported in January 2020, the building was set to have Salesforce as a tenant, and the company made an early commitment to take all 15 floors (325,000 square feet) of office planned in the tower. Now, as the Chronicle reports, 550 Howard will have a few less floors of office space (250,000 square feet), a few more condo units — 170, up from an originally 165 — as well as a 180-room Rosewood hotel.
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