Salesforce Tower

Salesforce Tower

Salesforce Tower at the Transbay Transit Center
Former names Transbay Tower
Record height
Preceded by Transamerica Pyramid
General information
Status Under construction
Type Commercial offices
Location 415 Mission Street
San Francisco, California
Coordinates 37°47′24″N 122°23′49″W / 37.7899°N 122.3969°WCoordinates: 37°47′24″N 122°23′49″W / 37.7899°N 122.3969°W
Construction started 2013
Opening 2017
Cost US$1.1 billion
Owner Boston Properties (95%)
Hines Interests LP (5%)
Height
Architectural 1,070 ft (326 m) [1]
Roof 992 ft (302 m)
Technical details
Floor count 61
Floor area 1,370,000 sq ft (127,000 m2)
Design and construction
Architect Pelli Clarke Pelli Architects
Developer Boston Properties
Engineer Magnusson Klemencic Associates
Main contractor Clark Construction Group /
Hathaway Dinwiddie (A Joint Venture)
Website
http://www.salesforcetower.com/
References
[2][3][4][5][6][7][8][9][10]

Salesforce Tower, formerly known as the Transbay Tower, is a 1,070 ft (326 m)[1] skyscraper under construction in the South of Market district of downtown San Francisco. Located at 415 Mission Street between First and Fremont Streets, next to the Transbay Transit Center site, Salesforce Tower is the centerpiece of the San Francisco Transbay redevelopment plan that contains a mix of office, transportation, and residential uses. When completed, the tower will be the tallest in San Francisco and a defining building in the burgeoning South of Market area. It will also be the tallest building west of the Mississippi River until the Wilshire Grand Tower in Los Angeles, which will surpass the tower by 30 ft at 1,100 ft, is completed.

History

Developer Hines, with a proposal by architect César Pelli, was selected as the winner of a global competition in 2007 to entitle and purchase the site. A seven-member jury of development experts assembled by the Transbay Joint Powers Authority (TJPA) selected Hines over proposals from Forest City Enterprises and architect Richard Rogers; and from Rockefeller Development Group Corp. and Skidmore Owings & Merrill.[11] In 2012, Boston Properties acquired a 50% stake in the project and in 2013 acquired most of Hines' remaining interest to become 95% owners of the project.[12]

The site of the tower was in a dilapidated area, formerly used as a ground-level entrance to the San Francisco Transbay Terminal, which was demolished in 2011. The TJPA sold the parcel to Boston Properties and Hines for US$192 million,[13] and ceremonial groundbreaking for the new tower occurred on March 27, 2013. Actual below-grade construction work started in late 2013.[14][15] The general contractor on the project is a joint venture between Clark Construction and Hathaway Dinwiddie Construction.[15][16]

The development was originally contracted on "spec", meaning the developer/owner did not have a major tenant lease secured beforehand. On April 11, 2014, Salesforce.com announced that it signed a lease for 714,000 square feet (66,300 m2) on floors 1, 3-30, and 61 to become the building's anchor tenant.[10] Previously known as the Transbay Tower, the building was renamed Salesforce Tower.[17] The lease was valued at US$560 million over 15 and a half years starting in 2017.[18]

The tower is expected to be completed in 2017 and will have 61 floors, with a decorative crown reaching 1,070 ft (326 m). The original proposal called for a 1,200-foot (370 m) tower, but the height was later reduced.[9] It will be the tallest building in San Francisco, surpassing the Transamerica Pyramid by more than 200 feet (61 m). The tower would be the seventh tallest building in the United States if standing in 2013,[16] and is expected to become the first or second tallest building in the Western United States, depending on the method of measurement.[19]

See also

References

  1. ↑ 1.0 1.1 http://www.clarkconstruction.com/our-work/projects/salesforce-tower
  2. ↑ Salesforce Tower at Emporis
  3. ↑ Salesforce Tower at SkyscraperPage
  4. ↑ Salesforce Tower at Structurae
  5. ↑ "Project Description: 101 First Street (Transbay Tower)". San Francisco Planning Commission. 2012-10-04. Retrieved 2013-04-06.
  6. ↑ "Pelli Clarke Pelli Transbay Tower Description". Retrieved 2014-03-21.
  7. ↑ King, John (2007-08-12). "Plan B: Architects: Pelli Clarke Pelli". San Francisco Chronicle. Retrieved 2007-09-23.
  8. ↑ King, John (2007-09-21). "'Aggressive schedule' for proposed Transbay transit center, tower (picture)". San Francisco Chronicle. Retrieved 2008-02-17.
  9. ↑ 9.0 9.1 "Yes, The Proposed Transbay Transit Tower Shrank A Hundred Feet". SocketSite. 2012-03-12. Retrieved 2013-04-06.
  10. ↑ 10.0 10.1 "Boston Properties Signs a 714,000 Square Foot Lease with Salesforce.com at Salesforce Tower (Formerly Transbay Tower)" (Press release). The Registry. April 11, 2014.
  11. ↑ King, John (2007-09-10). "Jury names favorite for Transbay terminal, tower". San Francisco Chronicle. Retrieved 2014-03-21.
  12. ↑ Dineen, J.K. (2013-03-19). "Boston Properties takes control of Transbay Tower, S.F.'s tallest building". Retrieved 2014-03-21.
  13. ↑ "Boston Properties and Hines Close on Record Land Sale for Transbay Transit Tower Parcel" (Press release). BusinessWire. March 26, 2013.
  14. ↑ Dineen, J.K. (2013-03-27). "Hines, Boston Properties sling ceremonial dirt in Transbay ground-breaking". San Francisco Business Times. Retrieved 2013-04-06.
  15. ↑ 15.0 15.1 "Clark to Build San Francisco's Transbay Tower" (Press release). 2013-08-12. Retrieved 2014-03-21.
  16. ↑ 16.0 16.1 Rosato Jr., Joe (2013-03-28). "The Man Behind the New Transbay Tower". NBC Bay Area. Retrieved 2013-04-06.
  17. ↑ Ellen Huet and John Coté (April 11, 2014). "Salesforce makes landmark deal to lease half of Transbay Tower". San Francisco Chronicle.
  18. ↑ Hoge, Patrick (April 11, 2014). "Salesforce dominates Transbay Tower with San Francisco's biggest lease ever". San Francisco Business Times.
  19. ↑ Kinney, Aaron (2013-03-31). "San Francisco, Los Angeles vie for tallest skyscraper". San Jose Mercury News. Bay Area News Group. Retrieved 2013-04-06.

External links