Oceanwide Center

Oceanwide Center
General information
Status Proposed
Type Commercial offices
Residential condominiums
Hotel
Location 50 First Street
San Francisco, California
Coordinates 37°47′25″N 122°23′55″W / 37.7903°N 122.3985°W / 37.7903; -122.3985Coordinates: 37°47′25″N 122°23′55″W / 37.7903°N 122.3985°W / 37.7903; -122.3985
Owner Oceanwide Holdings Co., Ltd
Height
Architectural Tower I: 905 ft (276 m)
Tower II: 625 ft (191 m)
Roof Tower I: 850 ft (260 m)
Tower II: 605 ft (184 m)
Technical details
Floor count Tower I: 61
Tower II: 54
Floor area Tower I: 1,432,872 sq ft (133,118.2 m2)
Tower II: 631,638 sq ft (58,681.1 m2)
Design and construction
Architect Foster + Partners
Heller Manus Architects
Developer Oceanwide Center LLC
Other information
Number of units Tower I: 111
Tower II: 169 hotel, 154 residential
References
[1][2][3][4]

Oceanwide Center is a proposed mixed-use skyscraper development in San Francisco, California, consisting of two towers.

The taller tower, located at 50 First Street, would rise 905 feet (276 m) and contain 34 stories (1,010,000 square feet (94,000 m2)) of office space below 19 floors with approximately 111 residential units.[3] The shorter tower, along Mission Street, is planned to climb 605 feet (184 m) and would contain 169 hotel rooms on the lower levels and approximately 154 residential units on the upper 33 floors.[3][5] If completed as proposed, the 905-foot (276 m) tower would become San Francisco's second-tallest building after Salesforce Tower.

History

The parcels around 50 First Street were upzoned as part of the Transit Center District Plan approved in 2012 in conjunction with the new Transbay Transit Center.[6] The parcels were originally assembled by developer David Choo and a plan was floated in 2007 for towers as tall as 1,200 feet (370 m) designed by Renzo Piano.[7] Choo was eventually forced to sell the property during the 2008 financial crisis.[8]

In 2013, TMG Partners and Northwood Investors acquired the property out of bankruptcy court for US$122 million.[9] TMG and Northwood hired Foster + Partners and Heller Manus Architects to re-design the project.[10] In 2015, Beijing-based Oceanwide Holdings Co., Ltd. acquired the property for US$296 million.[11][12]

See also

External links

References

  1. ↑ Oceanwide Center at Emporis
  2. ↑ Oceanwide Center at SkyscraperPage
  3. 1 2 3 "Application for Downtown Authorization". San Francisco Planning Commission. June 5, 2015. Retrieved August 18, 2015.
  4. ↑ "50 First Street Tower 1". The Skyscraper Center.
  5. ↑ "Plans For San Francisco’s Second Tallest Tower Are Taking Shape". SocketSite. August 17, 2015.
  6. ↑ "Planning’s Towering Transit Center District Plan Decision: Approved". SocketSite. May 24, 2012.
  7. ↑ Levy, Dan (July 17, 2007). "San Francisco Plans to Build 1,200-Foot Tower by Renzo Piano". Bloomberg.
  8. ↑ Dineen, J.K. (June 1, 2008). "Prime San Francisco Transbay project on the block". San Francisco Business Times.
  9. ↑ Dineen, J.K. (June 6, 2013). "TMG Partners, Northwood to take over massive Transbay project". San Francisco Business Times.
  10. ↑ "Foster + Partners to design First and Mission Towers in San Francisco" (Press release). Foster + Partners. March 27, 2014.
  11. ↑ Amdur, Nancy (February 4, 2015). "China’s Oceanwide Holdings Looks to Transform First and Mission Site in San Francisco". The Registry.
  12. ↑ Weinberg, Cory (January 14, 2015). "Chinese developer to buy iconic First and Mission site for $300 million". San Francisco Business Times.
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