One Market Plaza

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One Market Plaza
One Market Plaza aerial (2010).jpg
Aerial view of One Market Plaza: Steuart Tower (left, shorter white building), Spear Tower (center, taller white building), and Southern Pacific Building (right, shortest brick building)
One Market Plaza is located in San Francisco
One Market Plaza
Location within San Francisco
Alternative namesDel Monte Building
General information
TypeCommercial offices
Location1 Market Street
San Francisco, California
Coordinates37°47′36″N 122°23′40″W / 37.79329°N 122.39452°W / 37.79329; -122.39452Coordinates: 37°47′36″N 122°23′40″W / 37.79329°N 122.39452°W / 37.79329; -122.39452
Completed1976
Owner
Height
Roof172 m (564 ft)
Technical details
Floor count43
Floor area1,460,071 sq ft (135,645.0 m2)[1]
Design and construction
Architect(s)Welton Becket Associates
References
[2][3]
Steuart Tower
General information
TypeCommercial offices
Location1 Market Street
San Francisco, California
Coordinates37°47′36″N 122°23′38″W / 37.79335°N 122.39382°W / 37.79335; -122.39382
Completed1976
OwnerParamount Group, Inc.
Height
Roof111 m (364 ft)
Technical details
Floor count28
Floor area31,590 m2 (340,000 sq ft)
Design and construction
Architect(s)Welton Becket Associates
References
[4][5]

One Market Plaza is a complex of three office buildings at 1 Market Street along the San Francisco Embarcadero. The historic 11-story Southern Pacific Building, also known as "The Landmark", was completed in 1916, and incorporated into the development in 1976 that includes the 43-storey 172 metres (564 feet) Spear Tower, and the 27-storey, 111 metres (364 feet) Steuart Tower. At over 1.5 billion pounds, the complex is considered the heaviest development in San Francisco.

History[edit]

The plaza is first owned by Morgan Stanley Real Estate and Paramount Group. Later in 2007, Paramount Group purchased a half-interest from Morgan Stanley for $720 million. By 2014, Paramount controlled a 51% stake and the rest by Blackstone.[6]

The complex was renovated in 1996 by the architect firm César Pelli & Associates Architects. In Spring 2014 a new renovation began, which was completed in 2016.

After Southern Pacific's merger with Union Pacific, the Landmark building was sold to The Martin Group in 1997 for $50 million, after plans by another developer to convert the building to a hotel fell through. An $88 million renovation brought modern amenities such as air conditioning and hot water to the building. It later hosted the headquarters of Del Monte Foods for ten years on the building's top three floors. In 2018, Google took lease of 300,000 sqft at The Landmark.[7]

Tenants[edit]

As of 2017, Google, as the anchor tenant, occupied 321,680 sqft. Others are Morgan, Lewis & Bockius, Autodesk, Visa Inc. and Capital Research.[6]

Gallery[edit]

See also[edit]

References[edit]

  1. ^ "Spear Tower". Skyscraper Center. CTBUH. Retrieved 2017-08-16.
  2. ^ "Spear Tower". Emporis. Archived from the original on March 7, 2016.
  3. ^ "Spear Tower". SkyscraperPage.
  4. ^ "Steuart Tower". Emporis. Archived from the original on September 13, 2017.
  5. ^ "Steuart Tower". SkyscraperPage.
  6. ^ a b Andrew Nelson (2021-08-12). "Number 21: Spear Tower at One Market Plaza, SoMa, San Francisco". San Francisco YIMBY. Retrieved 2021-09-01.
  7. ^ Li, Roland (2018-11-13). "Google signs massive SF office lease at former Salesforce headquarters". San Francisco Chronicle. Retrieved 2021-04-06.

External links[edit]