Regions West
San Francisco's Transbay Officials Lock in Architect with $105M Contract
May 16, 2008
By: Barbra Murray, Contributing Editor

The board of directors for The Transbay Joint Powers Authority has signed off on an agreement with Pelli Clarke Pelli Architects for the firm's design of the new Transbay Transit Center & Tower, which will feature 1.6 million square feet of office space.

Pelli's contract for the Downtown San Francisco project, which is being developed by Hines, is valued at $105 million. Located at First and Mission Streets, the Transbay Transit Center was conceived to serve as the West Coast equivalent of New York City's Grand Central Station. The office tower, featuring 50,000 square feet of ground-level retail, will rise 1,200 feet above the city. The transit center, which will create access to nine transpirations systems under one roof, will be highlighted by a vast green roof that will be part of a 5.4-acre park incorporated into Pelli's design.

Hines expects to kick off development of the Transit Center with a groundbreaking in 2010, with plans to wrap up construction in 2014.

 
Recent West Headlines
Ross Joins Grubb as SVP
Grubb & Ellis Co. announced that 28-year commercial real estate veteran Michael Ross has joined its downtown Los Angeles office as a senior vice president, responsible for investment sales on behalf of institutional and high net worth investors.
KBS Buys 2 Sacramento Office Buildings for $21M
KBS Real Estate Investment Trust I has acquired two buildings totaling 105,003 square feet of office and amenity space at City Gate Plaza, a master-planned office park in the South Natomas submarket of Sacramento, Calif.
ShareBuilder Takes 130,000 SF in Seattle’s Pioneer Square
ShareBuilder, an online brokerage and investment subsidiary of ING Bank fsb, is growing so rapidly that it needs more space and is moving from Bellevue, Wash., to 83 King St. in Seattle’s Pioneer Square, an eight-story building owned by Starbucks.
San Fran Approves $2B Housing, Stadium Plan
The San Francisco Board of Supervisors has approved a resolution endorsing the funding plan for the redevelopment of Candlestick Point and Hunters Point Shipyard, which will entail the construction of 10,500 new homes, retail, office, open space and a new stadium for the city's 49ers football team.
$300M California Hospital Expansion Gets Nod from City Council
The City Council of Valencia, Calif., has approved the $300 million expansion plan for Henry Mayo Newhall Hospital, under which the facility will gain a new patient wing and three additional medical buildings, along with a helipad and new parking structures.