SAN FRANCISCO, CA - In a joint venture, TMG Partners, one of the San Francisco Bay Area's largest mixed-use property developers, and Northwood Investors LLC, a leading privately-held global real estate investment firm, announced the selection of Foster + Partners and Heller Manus Architects as architects for the approximately two million square foot mixed-use development in San Francisco.
This is the first residential and mixed-use project in San Francisco for Foster + Partners, the architects responsible for the Apple Campus II in Cupertino and the Apple store on Union Square.
The First and Mission project comprises two towers with 1.35 million square feet of office/commercial space and 650,000 square feet of residential units, and is situated in the Transbay Area.
"The collaboration of Foster + Partners and Heller Manus Architects puts San Francisco squarely in league with the world's greatest cities, including London, Shanghai, New York, Kuwait and Paris," said TMG Partners president and CEO Michael Covarrubias. "The Transbay site will be transformative and will be the last mixed-use development of this scale in this area of downtown."
Lord Foster, Founder and Chairman of Foster + Partners remarked, "The First and Mission towers are incredibly exciting in urban and environmental terms – bringing together places to live and work with the city's most important transport hub, the project further evolves a sustainable model of high density, mixed-use development that we have always promoted. The 605-foot residential tower reflects the scale of San Francisco's existing tall buildings, while the 850-foot hotel, residential and office tower rises above it as a symbol of this new vertical city quarter. The super-sized office floor plates will give tenants a high degree of flexibility, and their open layout is supported by an innovative orthogonal structural system developed for seismic stability. The point where the towers touch the ground is as important as their presence on the skyline. At ground level, the buildings are open, accessible and transparent – their base provides a new 'urban room' for the region, and the new pedestrian routes through the site will knit the new scheme with the urban grain of the city."
Under the Transbay Plan, a rezoning that was put in place to encourage density around the Transbay Terminal, the seven parcels at First and Mission are now zoned for an 850-foot tower and a 605-foot tower. The project will include a large floor plate office tower with frontage on First Street and a world class condominium portion that will be taller than any residential project on the West Coast.
Source: TMG Partners / #Apartments #Multifamily