One_Market_Plaza

One Market Plaza

One Market Plaza

Complex of three office buildings at 1 Market Street along the San Francisco Embarcadero

One Market Plaza is a complex of three office buildings at 1 Market Street along the San Francisco Embarcadero. The historic 11-story Southern Pacific Building, also known as "The Landmark", was completed in 1916, and incorporated into the development in 1976 that includes the 43-storey 172 metres (564 feet) Spear Tower, and the 27-storey, 111 metres (364 feet) Steuart Tower. At over 1.5 billion pounds, the complex is considered the heaviest development in San Francisco.

Quick Facts Alternative names, General information ...
Quick Facts Steuart Tower, General information ...

History

The plaza is first owned by Morgan Stanley Real Estate and Paramount Group. Later in 2007, Paramount Group purchased a half-interest from Morgan Stanley for $720 million. By 2014, Paramount controlled a 51% stake and the rest by Blackstone.[6]

The complex was renovated in 1996 by the architect firm César Pelli & Associates Architects. In Spring 2014 a new renovation began, which was completed in 2016.

After Southern Pacific's merger with Union Pacific, the Landmark building was sold to The Martin Group in 1997 for $50 million, after plans by another developer to convert the building to a hotel fell through. An $88 million renovation brought modern amenities such as air conditioning and hot water to the building. It later hosted the headquarters of Del Monte Foods for ten years on the building's top three floors. In 2018, Google took lease of 300,000 sqft at The Landmark.[7]

Tenants

As of 2017, Google, as the anchor tenant, occupied 321,680 sqft. Others are Morgan, Lewis & Bockius, Autodesk, Visa Inc. and Capital Research.[6]

See also

References

  1. [1]
    "Spear Tower". Skyscraper Center. CTBUH. Retrieved 2017-08-16.
  2. [2]
    "Spear Tower". Emporis. Archived from the original on March 7, 2016.
  3. [3]
    "Spear Tower". SkyscraperPage.
  4. [4]
    "Steuart Tower". Emporis. Archived from the original on September 13, 2017.
  5. [5]
    "Steuart Tower". SkyscraperPage.
  6. [6]
    Andrew Nelson (2021-08-12). "Number 21: Spear Tower at One Market Plaza, SoMa, San Francisco". San Francisco YIMBY. Retrieved 2021-09-01.
  7. [7]
    Li, Roland (2018-11-13). "Google signs massive SF office lease at former Salesforce headquarters". San Francisco Chronicle. Retrieved 2021-04-06.
Share this article:

This article uses material from the Wikipedia article One_Market_Plaza, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.