Market Center (San Francisco)

Market Center
555 Market (left) and 575 Market (right)
Former names	Standard Oil Buildings
Alternative names	Chevron Towers
General information
Type	Commercial offices
Location	555–575 Market Street San Francisco, California
Coordinates	37°47′22″N 122°24′01″W / 37.78955°N 122.4003°W / 37.78955; -122.4003Coordinates: 37°47′22″N 122°24′01″W / 37.78955°N 122.4003°W / 37.78955; -122.4003
Completed	1964 / 1975
Owner	Manulife Real Estate
Height
Roof	94.79 m (311.0 ft) 174.65 m (573.0 ft)
Technical details
Floor count	22 / 40
Floor area	283,000 sq ft (26,300 m²) 487,000 sq ft (45,200 m²)
Design and construction
Architect	Hertzka & Knowles
Structural engineer	H.J. Brunnier Associates
References
^[1]^[2]^[3]^[4]^[5]^[6]^[7]

Market Center, formerly known as the Standard Oil Buildings and later the Chevron Towers, is a complex comprising two skyscrapers at 555–575 Market Street in the Financial District of downtown San Francisco, California. It served as the headquarters of the Chevron Corporation until 2001.

575 Market Street is a 40-story, 175 m (574 ft) building completed in 1975, the taller of the two towers. 555 Market Street is the shorter tower at 95 m (312 ft) with 22 stories, and was completed in 1964. The two buildings are surrounded by small ornamental plazas. Both buildings are terra cotta over a granite base.^[8]

History

Chevron occupied the Market Center complex from 1965 until 2001 when it moved its headquarters to its campus in San Ramon, California.^[9]^[10] In 1999, Chevron sold the two buildings to Tishman Speyer and Travelers Real Estate Ventures for US$189.1 million and leased back the office space.^[9]

At the time the company officially moved its headquarters, it had already moved most workers to San Ramon, leaving only about 200 employees in San Francisco.^[9] By 2003, the complex was 83 percent vacant, and a joint venture between DivcoWest Properties and RREEF bought the property for US$79.5 million. In 2010, RREEF sold the complex to Manulife Financial for US$267 million.^[10]

References

↑ Market Center at Emporis
↑ 555 Market at Emporis
↑ Market Center (San Francisco) at SkyscraperPage
↑ 555 Market at SkyscraperPage
↑ Market Center (San Francisco) at Structurae
↑ 555 Market at Structurae
↑ "Manulife Financial acquires Market Center Office Complex in San Francisco" (Press release). 2010-09-30. Retrieved 2013-12-14.
↑ Corbett, Michael R (1979). Splendid survivors: San Francisco's downtown architectural heritage. California Living Books. p. 81. ISBN 978-0-89395-031-6.
1 2 3 Raine, George (2001-09-06). "Ending an era, Chevron abandons S.F. headquarters / Exodus to San Ramon complete". San Francisco Chronicle. Retrieved 2013-12-14.
1 2 Dineen, J.K. (2011-03-25). "Best Office Sale finalist / San Francisco - 555-575 Market St.". San Francisco Business Times. Retrieved 2013-12-14.

External links

Official website

Tallest buildings in San Francisco

Skyscrapers over 500 feet (150 m)	Transamerica Pyramid 555 California Street 345 California Center Millennium Tower One Rincon Hill South Tower 50 Fremont Center 101 California Street 575 Market Street Four Embarcadero Center One Embarcadero Center 44 Montgomery One Market Plaza Spear Tower One Sansome Street One Rincon Hill North Tower One Front Street First Market Tower McKesson Plaza 425 Market Street Montgomery Tower

Highrises over 400 feet (120 m)	333 Bush Street Hilton San Francisco Union Square Tower I Pacific Gas & Electric Building 50 California Street St. Regis Museum Tower 100 Pine Center 45 Fremont Street 333 Market Street 650 California Street 555 Mission Street The Infinity II 100 First Plaza One California San Francisco Marriott Marquis Russ Building 140 New Montgomery JPMorgan Chase Building The Paramount Providian Financial Building Three Embarcadero Center Two Embarcadero Center 595 Market Street 123 Mission Street 101 Montgomery Embarcadero West 100 Van Ness Avenue

Highrises over 300 feet (91 m)	One Maritime Plaza Four Seasons Hotel Westin St. Francis 456 Montgomery Plaza 535 Mission Street Shell Building Park Central Hotel San Francisco 199 Fremont Street Hilton San Francisco Financial District One Market Plaza Steuart Tower 425 California Street 100 Montgomery Street Grand Hyatt San Francisco Fox Plaza 101 Second Street NEMA 580 California Street 601 California Street The Infinity I Hilton San Francisco Union Square Tower II 450 Sutter Street InterContinental San Francisco Stevenson Place 150 California Street 225 Bush Street 505 Montgomery Street Blue Shield of California Building Fairmont San Francisco 180 Montgomery Street KPMG Building Central Plaza Sir Francis Drake Hotel The Summit W San Francisco 353 Sacramento Street 555 Market Street Bank of California Building Phillip Burton Federal Building Ritz-Carlton Club and Residences San Francisco Marriott Union Square 88 Kearny Street 388 Market Street Commercial Union Assurance Building Hunter-Dulin Building One Bush Plaza San Francisco City Hall McAllister Tower Apartments Mark Hopkins Hotel Mills Tower Central Tower

Under construction	Salesforce Tower 181 Fremont Street 350 Mission Street 340 Fremont Street 399 Fremont Street Jasper LUMINA I & II 41 Tehama Street 222 Second Street

Planned and proposed	Oceanwide Center I & II Palace Hotel Residential Tower Park Tower at Transbay 706 Mission Street Treasure Island development 524 Howard Street

See also: San Francisco Designated Landmarks, Buildings and structures in San Francisco

Timeline of the tallest buildings in San Francisco

Montgomery Block (15 m) (1853)
Old Saint Mary's Cathedral (27 m) (1854)
Palace Hotel (37 m) (1875)
Chronicle Building (66 m) (1890)
Call Building (96 m) (1898)
Standard Oil Building (100 m) (1922)
Pacific Telephone Building (133 m) (1925)
Russ Building (133 m) (1927)
Hartford Building (142 m) (1965)
44 Montgomery (172 m) (1967)
Bank of America Center (237 m) (1969)
Transamerica Pyramid (260 m) (1972)

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Market Center (San Francisco)

History

See also

References

External links