SAN FRANCISCO (KCBS) – San Francisco Mayor Ed Lee helped break ground Thursday on a new seven-story office building in the South of Market neighborhood that boasts green materials and lots of bicycle parking.

The space at 270 Brannan Street is a reflection of the current construction boom in the city, with a modern, edgy design, a tech client already lined up to occupy the space, but also a sense of green.

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“To have a lower impact on climate change, we’ve applied to the U.S. Green Building Council for a LEED Platinum status,” said land use and attorney for the developer Steven Vettel with Farella Braun + Martel.

The building will have more bike parking, 52 spaces, than car parking, with only a dozen spots. At the center of the building, plans are also in place for a landscaped atrium enclosed by a glass roof. There will also be a courtyard and rooftop desk.

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“Ultimately, the intention is to build and to keep this city vibrant and alive and a city for everyone,” said Mayor Lee.

Splunk, an information technology company, has already signed up to lease the building at $12.2 million a year, even though it is not scheduled to open until December 2015.

The building is being developed as a joint venture between San Francisco-based SKS Partners and Mitsui Fudosan America

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Designed by Pfau Long Architects, it has been praised by city leaders in incorporating an environmentally sustainable design with the surrounding South End Historic District.