San Francisco, CA – Boston Properties, Inc. and Hines announce the topping off of Salesforce Tower – not only the tallest building in San Francisco but also the tallest west of Chicago.
A ceremony will be held to celebrate this major milestone on Thursday, April 6, 2017. The event will begin at 10:30AMwith remarks from San Francisco’s Mayor Edwin Lee, Supervisor Jane Kim, Salesforce Chairman and CEO Marc Benioff, Boston Properties Executive Vice President Bob Pester and Hines Senior Managing Director Paul Paradis.
“Boston Properties is honored to lead a project that is bringing so much attention and new energy to San Francisco” commented Bob Pester, Executive Vice President, San Francisco Region for Boston Properties. “Designing and developing a building that is a beacon to our city and will be the first thing you see coming into the City has been very rewarding. We look forward to celebrating this important moment with our partners.”
“It’s tremendously gratifying to see nearly a decade of design and planning finally approach the finish line. And at this point, the building is exceeding even our most optimistic expectations,” said Paul Paradis, Hines Senior Managing Director. “The building will be unlike anything in the market and it has been designed to provide maximum efficiency and flexibility to suit today’s workforce.”
About the Salesforce Tower Project
Soaring to new heights – Salesforce Tower surpasses the famous Transamerica Pyramid at 853 feet reaching 1,070 feet. Located in the Transbay District at 415 Mission Street, between Fremont and First Streets, the 61-story Salesforce Tower occupies a full city block and marks the new center of San Francisco.
Construction for the Salesforce Tower began in 2013. Salesforce Tower boasts 1.4 million square feet of beautifully designed space. The building features approximately 7,000 square feet of rentable retail space on both the ground and fifth floors. The dramatic fifth floor space opens onto the Transbay Transit Center’s 5.4 acre rooftop park. The underground garage is approximately 200,000 square feet which makes the total square footage of the building close to 1.6 million. The project is being co-developed by Boston Properties and Hines, with Boston Properties owning a 95% interest in the project and Hines owning a 5% interest. The architectural team is led by design architect, Pelli Clarke Pelli and Kendall Heaton as the architect of record.
Salesforce Tower is engineered with enhanced seismic safety and high performance design features in mind. Salesforce Tower boasts forty-two 5 foot by 10 foot steel reinforced concrete load bearing elements extending from the foundation down all the way into bedrock. The 14 foot by 9-inch slab to slab heights allow for approximately 13 foot high unfinished ceilings, 10 foot high drop ceilings and soaring 10 foot high continuous clear glass windows. This frames a column-free interior providing maximum natural light to the work space. The top 150 feet of the tower will feature the highest public art light installation in the United States.’
Boston Properties and Hines remain true to their environmental commitments. Salesforce Tower is anticipated to be a LEED®Platinum project. The building features an HVAC system that will distribute outdoor air to each floor. The unique, under floor air delivery system circulates air directly to tenants’ spaces and features individual control capability. This system provides enhanced indoor air quality and operates an HVAC system that is designed to be up to 40 percent more energy efficient than those used in standard office buildings.
The completion of the project is scheduled for July 2017 with plans for tenants to take occupancy in October of 2017. Salesforce will occupy floors 1-30 of the building and the 60th and 61st floor. The other floors will be leased out to other tenants including Accenture, CBRE and Bain & Company.
About Boston Properties
Boston Properties is a fully integrated real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 47.7 million square feet and consisting of 164 office properties (including six properties under construction), five retail properties, four residential properties (including two properties under construction) and one hotel. The Company is one of the largest owners and developers of Class A office properties in the United States, concentrated in five markets—Boston, Los Angeles, New York, San Francisco and Washington, DC. For more information about Boston Properties, please visit the Company’s web site atwww.bostonproperties.com.
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 189 cities in 20 countries. Hines has approximately $96.5 billion of assets under management, including $48.5 billion for which Hines provides fiduciary investment management services, and $48 billion for which Hines provides third-party property-level services. The firm has 114 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,205 properties, totaling over 390 million square feet. The firm’s current property and asset management portfolio includes 533 properties, representing over 213 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.