BLACK FRIDAY GUIDE: Early Shopping Spots •  Hot Toys • Traffic Map • TV Buying Guide • Take A Free Hike

Ceremonial Groundbreaking Held For SF’s Transbay Tower

SAN FRANCISCO (KCBS)—A ceremonial groundbreaking was held Wednesday in San Francisco for the 61-story Transbay Tower at First and Mission Streets. It will be the tallest building on the West Coast and will serve as the focal point of the new transit hub under construction.

As he accepted a check on the site for more than $192 million from developer Boston Properties, Mayor Ed Lee said it symbolizes the great confidence investors have in San Francisco.

“When this transit tower is complete it will have the impact of transforming the city skyline with the tallest structure west of the Mississippi,” said Lee.

Supervisor Jane Kim is chair of the Transbay Joint Powers Authority, which is responsible for the record land sale transaction.

She said the nearly 1,100 foot-tall tower and new Transbay Terminal will help build a complete South of Market neighborhood with more walkable areas, open space and places to work and live.

“30 percent of which will be affordable for our residents here in San Francisco, which will ensure a diverse community in this part of downtown,” Kim said.

Construction on the new tower is set to start this summer, with completion expected in 2016 – just before the new transit hub opens.

(Copyright 2013 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

More from Anna Duckworth
  • Will Boston ever re-pass SF and/or DC? - Page 4 - City-Data Forum

    […] becoming a reality. SFs skyline is going to be transformed. The view from my house will be killer. Ceremonial Groundbreaking Held For SF But its reign as the tallest on the West Coast will be short lived(LOL) as Wilshire Grand will be […]

  • How does one survive in SF through this new wave of gentrification if they are not already in tech or medicine? | bluepearlgirl's world

    […] Ceremonial Groundbreaking Held For SF’s Transbay Tower ( […]

blog comments powered by Disqus
Guide To The Holidays
Shine A Light On The Holiday Season With ‘Giving Tuesday’

Listen Live