Speculation abounds in the Transbay “neighborhood”

The $400 million Transbay Transit Center

The developer of one of the five “modest sized” towers planned for the area surrounding the new Transbay Transit Center is holding a community meeting on Wednesday night, November 30 from 5:30-7:30 p.m. in the Courtyard Marriott, 299 Second St. (at Folsom Street). 41 Tehama Street is expected to rise 32 stories, scaled back from the original proposal to build 54 floors, on the block bounded by 1st and 2nd Streets between Mission and Howard Streets.

Fritzi Realty is the project sponsor. They will features a presentation by their architect, John Conley of Arquitectonica, on the proposed design of the building and adjacent 4,500 s.f. plaza. They will also discuss their plans to connect their open space with the city’s soon-to-be built Oscar Park and other public realm improvements. Modest refreshments will be served.

The five projects, along with the 1,000 foot signature tower, were favorably received at their initial hearing before the Planning Commission last month. The San Francisco Planning and Urban Research Association (SPUR) argued that 1.3 million square feet of office space and 16,500 square feet of retail space could support the Transbay Terminal, San Francisco’s new transit hub, and inject millions of dollars into the local economy.

The $400 million underground train station could wind up being connected to nothing if Republicans in Washington D.C. have their way. Some folks in the real estate industry are already speculating that the 1,000 foot tower will never get built.


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Filed under meetings, open space, planning

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