Tuesday, March 21, 2023
The Property Reporter
  • Home
  • News
  • Retail
  • Residential
  • Office
  • Industrial
  • Hotel
  • Buying a Home
  • Selling a Home
No Result
View All Result
  • Home
  • News
  • Retail
  • Residential
  • Office
  • Industrial
  • Hotel
  • Buying a Home
  • Selling a Home
No Result
View All Result
The Property Reporter
No Result
View All Result
Home Retail

Lendlease breaks ground on $1.5B San Francisco tower

PrR by PrR
2022-08-01
in Retail
0
Lendlease breaks ground on $1.5B San Francisco tower
20
SHARES
153
VIEWS
Share on FacebookShare on Twitter


Dive Brief:

  • Australia-based firm Lendlease has begun construction on its largest investment in North America: a $1.15 billion, 47-story mixed-use tower in San Francisco. 
  • 30 Van Ness, located in the city’s Hayes Valley neighborhood, will encompass 290,000 square feet of office and retail space along with 333 condominium units and is designed to achieve net zero emissions during construction and ongoing operations.
  • Designed by SCB Architects with anticipated LEED-Platinum certification, the all-electric building will be complete in 2025, according to a release. Lendlease is the property’s developer, builder and owner.

Dive Insight:

The demand for office space has cratered across the country since the COVID-19 pandemic led many workers to pivot to remote work. In San Francisco, the vacancy rate for offices is more than 20%, according to The Real Deal.

Nevertheless, Lendlease said it is bullish on providing “next-generation” workplaces in major cities across the globe.

“With few other projects of this scale planned, we believe now is the right time to launch this long-term vision to deliver a global best-in-class asset of the future,” said Mark Dickinson, managing director of development for Lendlease Americas, in the release.

The building’s office space will feature outdoor terraces, open floor plates, 14.5-foot floor-to-floor heights and energy-efficient dynamic glass. It will also include touchless access throughout, ionic air purification in elevator cabs and a high-performance HVAC system with MERV-15 filters and 100% outside air capability.

The condos at 30 Van Ness will include studio, one-, two- and three-bedroom floor plans in an average size of over 1,000 square feet. Twenty-five percent of the units will be designated as affordable and reserved to be sold below market rate to households meeting designated income thresholds, the release said.



Source link

Previous Post

Events venue proposed for downtown Milwaukee office building

Next Post

A road map to homeownership for consumers with thin credit files

Next Post
A road map to homeownership for consumers with thin credit files

A road map to homeownership for consumers with thin credit files

RECOMMENDED

2023 Real Estate Market Forecast: What Homebuyers and Sellers Can Expect

2023 Real Estate Market Forecast: What Homebuyers and Sellers Can Expect

2023-03-17
The Growing Demand for E-Commerce Warehouses: An Opportunity for Industrial

The Growing Demand for E-Commerce Warehouses: An Opportunity for Industrial Real Estate

2023-03-17

MOST VIEWED

  • Fox Lake hopes to bring hotel to Mineola lakefront site; ‘Recognizing our unique position on the Chain O’ Lakes is a key driver for our progress’ – Chicago Tribune

    Fox Lake hopes to bring hotel to Mineola lakefront site; ‘Recognizing our unique position on the Chain O’ Lakes is a key driver for our progress’ – Chicago Tribune

    755 shares
    Share 302 Tweet 189
  • Doubling Down With the Derricos’ Deon boasts about ‘buying up blocks’ & promotes real estate business after foreclosure

    193 shares
    Share 77 Tweet 48
  • Historic home on 32-acre site annexed into Elgin for new industrial development free to anyone who wants to move it

    157 shares
    Share 63 Tweet 39
  • Plas Glynllifon’s new owner speaks for first time on difficult challenge to renovate mansion

    119 shares
    Share 48 Tweet 30
  • Atlanta developer plans downtown Dallas towers

    94 shares
    Share 38 Tweet 24

Recent Posts

  • 2023 Real Estate Market Forecast: What Homebuyers and Sellers Can Expect
  • The Growing Demand for E-Commerce Warehouses: An Opportunity for Industrial Real Estate
  • Hybrid Work: The Future of Office Spaces
  • Real Estate Investing in 2023: Predictions and Trends
  • The Future of Retail: Technology’s Impact on the Shopping Experience

CATEGORY

  • Buying a Home
  • Hotel
  • Industrial
  • News
  • Office
  • Residential
  • Retail
  • Selling a Home
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Property Reporter

No Result
View All Result
  • Home
  • News
  • Retail
  • Residential
  • Office
  • Industrial
  • Hotel
  • Buying a Home
  • Selling a Home

© 2021 Copyright Property Reporter