Downtown San Francisco is home to a game of one-upping among real estate developers.
On December 8, city officials broke ground on yet another skyscraper in the city's hottest area for new construction. Oceanwide Center, named for its Chinese developers, will be the second tallest building in San Francisco upon completion in 2021. The mixed-use hotel, residential, and office development will span eight lots and total approximately 60,000 square feet in size.
Here's a glimpse at what Oceanwide Center will look like.
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Oceanwide Center will actually consist of two towers located at Mission and 1st Streets. The larger building is destined to become the city's second tallest, reaching 910 feet.
The buildings will be named, simply, First Street Tower and Mission Street Tower. The latter soars a modest 625 feet and will be home to the 171-room Waldorf Astoria Hotel.
Its developer, Oceanwide Holdings, is a Chinese real estate firm controlled by self-made billionaire Lu Zhiqiang. His $5.1 billion makes Zhiqiang the 21st richest person in China.
First Street Tower (the taller of the two) is an attention-grabber. Its unique crystalline structure should help it to stand out against its future neighbor, the 1,070-foot Salesforce Tower.
Source: San Francisco Business Times
Designed by London-based Foster + Partners and local architect Jeff Heller of Heller Manus, the two high-rises will add 265 high-end residences, one million square of office space, 12,000 square feet of retail space, and four levels of underground parking to the city.
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