140 New Montgomery
|140 New Montgomery|
The northeast corner
|Alternative names||Pacific Telephone Building
|Preceded by||225 Bush Street|
|Surpassed by||Russ Building|
|Location||140 New Montgomery
San Francisco, California
|Owner||Stockbridge Real Estate|
|Antenna spire||140.2 m (460 ft)|
|Roof||132.6 m (435 ft)|
|Top floor||125.9 m (413 ft)|
|Design and construction|
|Architect||Miller and Pflueger
Perkins + Will
|Developer||Wilson Meany Sullivan|
140 New Montgomery Street, also known as the PacBell Building, in San Francisco's South of Market district is an Art Deco office tower located close to the St. Regis Museum Tower and the San Francisco Museum of Modern Art.
The 26-floor building was originally called the Pacific Telephone Building when it was completed in 1925, and it was San Francisco's first significant skyscraper development when construction began in 1924. The building was the first high-rise south of Market Street, and the tallest in San Francisco until the Russ Building matched its height two years later in 1927. Along with the Russ Building, it remained the city's tallest until it was overtaken by 650 California Street in 1964. AT&T sold the building in 2007, and as of 2013, Internet company Yelp is the main tenant.
Construction and original tenant
At the time of its construction, it housed Pacific Telephone & Telegraph, a member of the Bell System. The building once had a bell motif in many places on its façade, most notably surrounding the arch over the main entrance doors on New Montgomery Street. After the breakup of the Bell System (AT&T) and the formation the regional so-called Baby Bell companies, Pacific Telephone changed its name to "Pacific Bell."
Statues of eight eagles (each 13 feet in height) perch atop the tower's crown. The building has an L-shaped floor plan, and the architecture decoratively incorporates spotlights to show the exterior's terra cotta ornamentation day and night.
In the 21st century
In 2007, the PacBell Building was sold by AT&T to Stockbridge Capital Group and Wilson Meany Sullivan for US$118 million. In 2008, the new owners filed plans to convert the tower into 118 luxury condominiums. However, those plans were put on hold during the 2008 financial crisis, and the building sat empty for nearly six years.
Following a surge in office demand in 2010–2011, Wilson Meany Sullivan changed the plans back to office space. Major renovation work began in February 2012 to improve the building's seismic performance, install all-new mechanical, electric, plumbing and fire sprinkler systems, and preserve and restore the building's historic lobby, at an estimated cost of $80–100 millon. In 2012, Yelp announced it had signed a lease on the building's 100,000 square feet of office space through 2020. After two expansions, the company held a total of almost 150,000 square feet on 12 floors as of fall 2013.
- 140 New Montgomery at Emporis
- 140 New Montgomery at SkyscraperPage
- Sharon Simonson: Yelp Occupies 140 New Montgomery. The Registry SF, August 19, 2013
- "Russ Building". Emporis. Retrieved 14 July 2010.
- Bevk, Alex (08). "Pacific Telephone Building Scraps Plans For Condos, Moves On To Office Space". Curbed San Francisco. Retrieved 2013-12-07.
- Dineen, J.K. (22). "Sneak peek: Yelp's new San Francisco HQ set to open". San Francisco Business Times. Retrieved 2013-12-07.
- Smith, Richard C. (September 1925). "The News Letter and the Telephone". San Francisco News Letter Diamond Jubilee Edition. Retrieved 14 July 2010.
- Haeber, Jonathan M. "An Abandoned Skyscraper: The Pac Bell Building". Bearings Magazine. Retrieved 14 July 2010.
- Poletti, Therese (2012-03-07). "New Call by Developer on Historic Tower". The Wall Street Journal. Retrieved 2012-12-09. "A historic skyscraper in downtown San Francisco, the Pacific Telephone & Telegraph building, empty for almost six years, is about to become a hub of construction activity as a US$50 million-plus modernization project begins. ... This is a new strategy from the developer, which in 2008 filed plans to turn the tower, also known as the Telephone Building, into 118 luxury condominiums, at an estimated cost of $80 million to $100 million."
- "140 New Montgomery". 2012. Retrieved 3 April 2012.
- "Yelp signs Pacific Telephone Building lease to 2020", San Francisco Chronicle, May 9, 2012