San Francisco Tower in Tech District Said to Cost $375 Million
This article is for subscribers only.
A San Francisco developer’s plan to build a 54-story office and residential tower in the city’s South of Market neighborhood will cost about $375 million, according to a person familiar with details of the proposal.
Builder Jay Paul Co. plans to “immediately commence construction” of an 800-foot (244-meter) high rise near the site of the city’s new Transbay bus and rail terminal, the San Francisco-based real-estate firm said yesterday in a statement. The building will also be near an office tower planned by Boston Properties Inc. and Hines that’s set to be the city’s tallest.