535 Mission Street
|535 Mission Street|
|Location||535 Mission Street
San Francisco, California
|Roof||378 ft (115 m)|
|Floor area||307,000 sq ft (29,000 m2)|
|Design and construction|
|Developer||Boston Properties, Inc.|
535 Mission Street is an office skyscraper in the South of Market district of San Francisco, California, opened in November 2014, with 27 stories rising 378 ft (115 m) above street level. It is adjacent to the Transbay Transit Center site and located on the same block as 100 First Plaza, 555 Mission Street, and 101 Second Street.
In 1984, a partnership called Bredero-Northern filed an application for a 300 foot (91 m) tall, 23-story office building. The Environmental Impact Report was certified in 1986, but the project was subsequently withdrawn by the developers and never built. In 1999, a new sponsor called DWI Development, Inc. proposed a 22-story, approximately 294 foot (90 m) tall building, which was approved in April 2000. Following the dot-com crash, Hines Interests Limited Partnership took over the project and in 2002 demolished the existing structures and built a temporary parking lot until the economy recovered.
With the office market slow to recover, the site was sold in 2003 to Monahan Pacific for $19.2 million, with plans to switch the development to condominiums. In 2005, the site was approved for a 35-story, 360 foot (110 m) tall building containing up to 273 housing units. However, by 2006, citing an "overheated" residential real estate market, Monahan Pacific sold the development site to Beacon Capital Partners for $30 million, who changed the plans back to offices.
Beacon broke ground on 535 Mission during the summer of 2008, driving piles and laying the building's foundation. In October, with the onset of the 2008 financial crisis, construction on the building was halted. After lying dormant for four years, the site was sold along with already purchased construction materials to Boston Properties for $71 million. Boston Properties restarted construction in 2013. Topping-out ceremonies were held on January 8, 2014 and the building opened in November 2014. The building was planned to attain LEED Gold status upon completion.
The San Francisco Chronicle's architecture critic John King stated that 535 Mission Street "isn’t a masterpiece", but praised its architectural restraint, with an "unusual but understated form [that] is emphasized by the sleek glass skin, where sometimes, especially near dusk or dawn, each side reads as a single blue or silver pane."
- 535 Mission Street at Emporis
- 535 Mission Street at SkyscraperPage
- "Boston Properties Announces Acquisition of 535 Mission Street in San Francisco and Agreement to Acquire the Last Remaining Development Site in Reston Town Center". 2013-02-06. Retrieved 2013-02-19.
- King, John (November 14, 2014). "S.F.’s newest office tower shows poise in a time of flash". San Francisco Chronicle.
- "SAN FRANCISCO PLANNING COMMISSION - MOTION NO. 17469" (PDF). 2007-08-02. Retrieved 2013-03-15.
- Dineen, J.K. (2012-03-08). "Beacon to seek buyer for Mission Street site". San Francisco Business Times. Retrieved 2013-02-19.
In the dot-com era, it was approved for an office building that was never built. Monahan Pacific then grabbed the property and was ready to build a condo tower there, but backed off... Beacon Capital Partners then stepped in and re-entitled it for an office building.
- Dineen, J.K. (2008-10-26). "Construction work suspended at new downtown office tower". San Francisco Business Times. Retrieved 2013-02-19.
- Dineen, J.K. (2014-01-08). "Boston Properties tops off S.F.'s newest office tower". San Francisco Business Times. Retrieved 2014-01-10.