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As the Chronicle article correctly notes, big institutional investors are much more attracted to entitled parcels in San Francisco--parcels that have completed the whole byzantine zoning/permitting/political process. With yesterday's approval, big money will be much more likely to step forward. All the Chicken Littles fretting over the sky falling on this project need to get a better grip on how things actually work.
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http://www.businessweek.com/news/201...rancisco-tower
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And a follow up article by the SF Business Times: http://www.bizjournals.com/sanfranci...weighs-in.html |
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not too much of a surprise anymore, but still nice to have the next step taken: Hines has signed
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A few new tidbits on the Transbay Tower, from this article in the SF Business Journal:
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The Wilshire Grand development released their details today and sadly, it will be 30 ft taller than the TransBay Tower. Too bad the SF tower can't extend the Tower by 31 ft to claim the tallest building on the West Coast.
On a side note, the TransBay development is not Turing out as hopes of multiple Supertalls in the Area. Looks like now it is down to Two buildings. |
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http://en.wikipedia.org/wiki/San_Fra...ay_development |
I still think it's amazing that we're getting even one supertall! I'll take it. We shouldn't get hung up on all these petty details anyway, the fact that a spindly needle will make the new LA building slightly taller, or that 50 First will be 70 feet short of a supertall. Both cities will look awesome after getting their new buildings...though we'll still have all that water as a nice backdrop...
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^ I agree. If this thing gets built, that's good enough for me. Let's focus on the positive - no project is perfect.
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Did not realize that this building is going to be taller than the Chrysler Building :tup:
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Wilshire grand will only be "taller" because of that stupid skinny little spire. What a bunch of cheaters ;). If you could compare them side-by-side, Transbay would look like the taller tower because it will have more bulk above the 900' (and 1,000') mark.
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Anyways, the northern border of the Transbay development area stops at Mission street, which means it never included those Renzo Piano towers. |
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In case you missed it, that part of the post was tongue-in-cheek. I even added a wink smiley so no one would take it seriously...so much for that. |
Image I found of the new proposed Transbay skyline
http://ww3.hdnux.com/photos/15/61/53.../3/628x471.jpg This was back in 2007. Not sure how accurate it is today. Those towers behind Mission and 1st could be the 1200' Piano proposals (dead) or the SOM 900' proposals (still alive). The Transbay Tower is not even included in that model. |
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