by Gary Belk | Jun 22, 2014 | News and Reviews, San Francisco Real Estate, SOMA, Yerba Buena |
The sparkling Transbay Transit Terminal, which has been dubbed the “Grand Central Station of the West,” is transforming a huge area in San Francisco’s SoMa neighborhood. Just south of Mission Street, between Second and Beale streets, the Terminal will be a state-of-the-art facility, and around the transit complex construction is booming. In fact, there’s intense interest in all the new real estate here. Recently, Salesforce.com inked a blockbuster lease agreement for the Transbay Tower. It was city’s largest lease agreement ever and will include naming rights. And the residential buildings sprouting around the terminal are already courting interested buyers. But with so many different buildings popping up, each led by different developers and designed by a stable of all-star architects, it’s impossible to keep all the details straight. Of the 12 parcels, or blocks, that have been zoned residential, four are under construction and one is already online, and plans are already in moving forward for a handful of high-rise office buildings, as well. Here’s what’s in store: Transbay Commercial Buildings With increased height limits, the Transbay development will attract quite a few businesses. An additional 3 million square feet of office and commercial space are planned, as well as more than 100,000 square feet of retail. Transbay Terminal: Set to be completed in 2017, the terminal will be the regional hub for 11 different transportation agencies. The five-story terminal will connect light-rail, busses and high-speed rail to the city and rest of the Bay Area, including an underground connection with the CalTrain station. Included in the plans are a 5.4-acre park similar to Manhattan’s Highline Park, an amphitheater,...
