The tallest skyscraper west of the Mississippi River broke ground Wednesday in San Francisco.
City officials, dignitaries and the developers were on hand at First and Mission streets for a ceremony for the Transbay Tower, the 1,070-foot office building that also will have ground-floor retail. Read More
The undulating exterior of the future Transbay Transit Center will likely not be the originally planned glass because of safety concerns, but officials say a metal skin could contain a math- or science-based pattern that would make it educational for visitors. Read More
The land at the heart of the future Transbay Tower was sold Friday, according to people involved in the transaction.
On Friday, the Transbay Joint Powers Authority and developers signed the paperwork to complete the $185 million sale, according to authority Executive Director Maria Ayerdi-Kaplan.
The sale of the property near First and Mission streets was expected to bring in close to $192 million including interest. Read More
The sale of land that is expected to eventually house one of the largest skyscrapers on the West Coast could be completed in the next few days, transferring hundreds of millions of dollars for development around the future Transbay Transit Center. Read More
The developer of the 1,070-foot Transit Tower, which will be the tallest skyscraper on the West Coast, secured a partnership with a financial partner and is expected to purchase the land for the building in early 2013.
The tower is one of the centerpieces of the Transit Center District Plan, which will redevelop the area around the new Transbay Transit Center being rebuilt at First and Mission streets in South of Market. The transit hub will eventually house a station for Caltrain and high-speed rail, and it will be a regional connection for bus systems.
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A large decision today could potentially set in motion construction in San Francisco of the tallest building on the West Coast while kick-starting the future of a new transit hub in The City.
The City’s Planning Commission will be asked today to approve the proposed Transbay Tower, and it should do so for several reasons — all of which would be beneficial for San Francisco. Read More
Historically, the dimly-lit underpasses of freeway ramps have been havens for homeless encampments, shady drug deals and other types of seedy behavior.
With the development of the new Transbay Transit Center requiring several overhead ramps for buses, project backers might have been intimidated by the prospect of those unseemly spaces dotting the landscape of the SoMa District. Instead, they’re viewing such spaces as places for positive possibilities. Read More
The Transbay Joint Powers Authority, the body overseeing San Francisco’s massive new Transbay Transit Center project, unanimously approved its operating and capital budgets for the upcoming fiscal year on Thursday.The TJPA’s capital budget will cover $220.2 million, almost all of which will go toward professional services related to the design and construction of the transit depot, set to be located in The City’ SoMa District. Read More
The Transbay Joint Powers Authority could seek up to $5 million in state grants to help build a rooftop garden at the new transit depot.
The Authority, which oversees operations on the proposed Transbay Transit Center, will meet on Thursday to discuss a possible bid application for Prop 84 grant funding, which is set aside for the creation of city parks. Read More
The new Transbay Transit Center project will result in higher garbage collection costs for residents in the neighborhood, but the community should be able to recoup the extra expenses for their trash removal. Read More
