Apparently, the Chicago team is the front runner
A team led by Golub Real Estate and The John Buck Co. is the top candidate to build an office tower on the Block 5 site in San Francisco’s giant Transbay redevelopment, offering $172.5 million to buy the property and put up a 43-story building.
$172.5 million is a staggering offer. They're offering about 90% of the $192 million paid for the Salesforce Tower site, even though Block 5 will only have about 50% of the square footage. They're offering almost double the price per square foot compared to Salesforce Tower. By comparison, Block 8
, which is also zoned for 550 feet but as residential, went for "only" $72 million back in March