Posted Sep 15, 2026, 3:57 PM
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Join Date: Jan 2012
Location: The Bay
Posts: 11,820
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From the article:
Quote:
Exclusive: Downtown S.F.’s biggest eyesore could become its next iconic tower. Here’s the first look
By Laura Waxmann, Staff Writer Sep 15, 2026
For years, the fenced-off construction pit at First and Mission streets has looked like a missing tooth breaking up the rhythm of glass and granite towers in San Francisco’s Financial District — a deep void left behind by the collapse of what was supposed to be the two-tower Oceanwide Center project. New renderings expected to be filed Tuesday with the city offer the first detailed glimpse of the reimagined office building developers hope will soon fill that hole: a 910-foot skyscraper now called “Fifty at First.” Rising from the old project’s existing foundation at 50 First St., the proposed tower would become one of the most significant new additions to the city’s skyline in a decade. It would stand nearly as tall as the 1,070-foot Salesforce Tower and just a block away, while potentially becoming the first major office building conceived for the post-pandemic market to reach construction.
The renderings for Fifty at First show a jagged crown with a distinctive silhouette. A lattice of glass and criss-crossed steel bracing wraps its exterior that’s designed to appear to change with the city’s shifting fog and light. At street level, its lobby would span much of the block with a 50-foot high ceiling inviting light and activity into the building. It's a nod to the original Oceanwide Center project, designed by Foster + Partners as two striking glass towers with a large public urban room at their base. Food and beverage programming will also be part of Fifty at First's design, which remains in early development.
The project is not just an exercise in architectural expression. It’s also a test to find out if downtown is ready to reclaim its place as the region’s economic center of gravity following a years-long downturn at a time when office vacancy remains near historic highs and demand still trails supply. The San Francisco Recovery Fund, the project’s developer, is competing with three other development groups for the same anchor lease that could unlock the financing needed to send construction crews onto the site. The partners behind the Recovery Fund have assembled a team that brings in global architecture firm Gensler, commercial real estate brokerage JLL as well as BXP, one of the country’s largest owners and developers of premium office buildings, including Salesforce Tower and 535 Mission St., to design and market their project to a range of tenants, from banks to artificial intelligence companies. “We are pursuing the tenants that want the premium spaces in the market,” said Dan Kingsley, who alongside Jay Yang leads the Recovery Fund. “We’re trying to refine the design and yet make sure that the constructability has been thought through. We want to make sure that we’re tailoring the amenities to what the market really wants.” Kingsley and Yang are among a handful of developers eyeing an opening in the market. While older, less distinctive office buildings are struggling to win or retain tenants, demand has steadily concentrated in the city’s limited supply of “trophy” spaces. That dynamic was on display earlier this year at the recently renovated Transamerica Pyramid, where a top-floor space commanded the highest rent ever recorded in San Francisco.
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https://www.sfchronicle.com/realestate/article/downtown-tower-fiftyatfirst-oceanwide-22428915.php
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