Quote:
Originally Posted by BTinSF
That's 535 Mission, now a Tishman-Speyer project. It started out in the dot-com era as an office buildling, then became a condo project but under T-S is back to being office. With the latest change of developer and use, though, I think they are doing some redesign work (but I assume they'll stay within the existing entitlements). Here's the last rendering I know about--note the small, narrow old building that remains between 535 and 555 Mission:
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Just to clear up some points here. The entitlements to 535 Mission, which was originally owned by Monahan Pacific, is now owned by Beacon Capital Partners, which purchased them in April of this year for $30 million. Monahan Pacific wanted to build a office tower in the late 1990s and switched it to residential after the dot com bust. After escalating construction costs, they decided to sell the entitlements to another developer.
The rendering above was the one released by Monahan Pacific in 2000 when it was originally an office project. This is NOT the design of the new tower on the site.
If Beacon Capital is able to acquire the low-rise next to 535 mission, look for a much larger building that what was previously proposed by Monahan Pacific. Although the parcel is in a 550' height limit district, any previous proposal has been limited because of the lot size and FAR limitations.