Jay Paul’s San Francisco development at 181 Fremont Street may be looking to add Menlo Park’s Facebook as its commercial tenant, according to three sources who track leasing information in San Francisco. The new, mixed use, 70-story tower that features 432,000 square feet of commercial office space and 67 condominium residences on the top 17 floors of the building would mark a significant expansion for the social networking company as it continues to grow its physical footprint across the region.
Two sources stated that Facebook is planning to take the full commercial office space. One source inferred that the company’s Instagram division would be in the building, as well.
The building is still under construction. Jay Paul reported in December of 2016 that the building had been topped off, what will be the tallest mixed-use building on the West Coast. Occupancy is expected for the first half of 2018, according to Jay Paul’s Web site.
The structure will be a landmark building in San Francisco, featuring a state-of-the-art exoskeleton designed in a saw tooth pattern. The condominiums each have individually designed floor plans and interiors by internationally renowned designer Orlando Diaz Azcuy. In addition to the residential and office space, the building will also have 2,480 square feet of retail space that will lead directly to the Transbay Transit Center elevated 5.4-acre City Park. The tower is San Francisco’s first pre-certified LEED Platinum mixed-use building, and it features a state-of-the-art water recycling system that captures, treats and reuses greywater and rainwater, as well as a unique glass curtain wall system, which maximizes natural light, according to a statement from Jay Paul.
The commercial offices will feature column-free open floor plates offering optimal flexibility, 12.5-foot open ceiling heights, floor-to-ceiling glass curtain walls, unprecedented views, and advanced technological features, according to Jay Paul. It will also include a pedestrian friendly lobby, bike shed with private stalls and an underground valet parking garage.
An e-mail to Jay Paul was not answered in time of this publication. An e-mail to Karl Baldauf, senior managing director of Newmark Cornish & Carey in San Francisco, who is the landlord’s representative, was also not answered in time of this publication.