The Best Large Building Developers in San Francisco

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(THIS ARTICLE ORIGINALLY APPEARED ON OCTOBER 10, 2018)
BY SANFRANCISCOARCHITECTS.ORG

#6: URBAN PACIFIC DEVELOPMENT

Urban Pacific Development is a real estate and development firm in San Francisco with a particular focus on large-scale developments. Principals Michael Kriozere and Chris Collins formed the company in 2012, bringing with them more than 75 years of combined development experience to deliver transformative urban projects in San Francisco and other major cities in the West Coast. The firm is currently focused on residential and mixed-use developments.

Urban Pacific was the developer behind One Rincon Hill, a two-phase development project at 425 and 401 1st Street. The first phase included the construction of the One Rincon Hill South Tower, a 64-story, 400-unit condominium complex at 425 1st Street, completed in 2008. The second phase, meanwhile, was the construction of the Harrison, or the North Tower, a 52-story, 300-unit condominium complex at 401 1st Street. By 2015, the South Tower had been 100% sold out, while the Harrison was sold to Maximus Real Estate Partners. Both towers were successfully developed despite the global recession of 2008. Currently Urban Pacific is co-developing two of the last tower sites in San Francisco known as Transbay Parcel F and Block 4. Parcel F will be the 4th tallest tower in the City when completed, and Block 4 will provide hundreds of market rate and affordable housing units.

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JV Unveils Revised Plans for San Francisco Mixed-Use

(THIS ARTICLE ORIGINALLY APPEARED ON FEBRUARY 6, 2018)
BY IVYLEE ROSARIO, COMMERCIAL PROPERTY EXECUTIVE

The Pelli Clarke Pelli-designed Transbay Parcel F will be the only mixed-use development to include office, retail, residential and hotel all in one tower.

F4 Transbay Partners—a joint venture of Hines, Urban Pacific Development and Broad Street Principal Investments—have submitted its revised development plans for Transbay Parcel F, to the city of San Francisco.

Located at 542-550 Howard St., the project is being proposed as a mixed-use development at the end of the new Transbay Transit Center. This recent submission marks a year of planning and design efforts with the city. 

DEVELOPMENT PLANS

The revised plan calls for a 61-story, 800-foot tall mixed-use tower featuring 251,000 square feet of Class A office, 170 residential units, a 210-key hotel, 9,000 square feet of retail and 79,000 square feet of shared amenity space. Designed by Pelli Clarke Pelli Architects and HKS Architects, serving as architect of record, the tower will also provide a through-block pedestrian passageway from Howard to Natoma streets, a public elevator connection to the Transbay Transit Center Rooftop Park through a fifth level sky bridge and 10,000 square feet of public open space.

This development is set to become the fourth tallest building in San Francisco, one of only three projects with direct access to the Transbay Transit Center Rooftop Park and the only mixed-use to include office, retail, residential and hotel all in one tower. Parcel F is the last remaining site available for development in downtown. 

“Our revised plans for Parcel F are the product of an exceptional collaboration with Planning Department and other city staff, the Transbay Joint Powers Authority, and the local community, which have resulted in what we feel is a significantly improved design,” said Cameron Falconer, senior managing director at Hines, in prepared remarks. “As we near the end of Parcel F’s environmental review, we look forward to continuing our progress and shared vision with the city and our community stakeholders. We are proud to propose this Project as a capstone to the burgeoning neighborhood of Transbay.”

In November, as part of another joint venture, Hines began developing T3 Goose Island, a 270,000-square-foot heavy timber office development in Chicago.

Developers revise plans for the last skycraper coming to San Francisco's Transbay District

(THIS ARTICLE ORIGINALLY APPEARED ON JANUARY 31, 2018)
BY BLANCA TORRES, SAN FRANCISCO BUSINESS TIMES

Developers Hines and Urban Pacific Development LLC have submitted a revised proposal for the last major skyscraper site in the Transbay district in San Francisco, reducing the amount of housing and office space.

The revision for the site at 542-550 Howard St., calls for a 61-story, 800-foot tall tower made up of 251,000 square feet of office, a 210-room hotel, 170 homes, 79,000 square feet of amenity space and over 9,000 square feet of retail.

Originally, developers had sought 200 homes, a 220-room hotel, 288,677 square feet of office encased in the tower.

The developers, and capital partner Goldman Sachs affliate Broad Street Principal Investments, have been working on a final proposal for the site known as Parcel F that will now go through the city’s approval process.

"Our revised plans for Parcel F are the product of an exceptional collaboration with Planning Department and other city staff, the Transbay Joint Powers Authority, and the local community, which have resulted in what we feel is a significantly improved design,” said Hines Senior Managing Director Cameron Falconer. “We look forward to continuing our progress and shared vision with the city and our community stakeholders.”

The proposed tower for Parcel F would be the fifth tallest building in San Francisco following Salesforce Tower at 1073 feet tall, the under-construction Oceanwide Center at 910 feet tall, Transamerica Pyramid at 853 feet tall and 181 Fremont at 802 feet tall.

Parcel F is an odd-shaped site that abuts the Salesforce Terminal, where buses and trains from the region and state are expected to load and unload at a “Grand Central Station of the West.”

The tower is being designed by Pelli Clarke Pelli Architects, the firm that also designed Salesforce Tower and the terminal, in partnership with the local office of HKS Architects Inc. as architect of record.

Hines and Urban Pacific are also working on developing a site known as Block 4 on Howard Street between Beale and Main streets that could include more than 500 residential units. The sites are among 11 development sites the City of San Francisco and the Transbay Joint Powers Authority set aside for private developers.

Overall, the 40-acre Transbay District will add more than 6 million square feet of commercial space and 4,400 homes in the middle of SoMa.

City leaders have mapped out a master plan for 40 acres in the SoMa area anchored by the forthcoming bus and train terminal. Hines, based in Houston, is a global development firm active in 21 countries with $100 billion of assets under management. San Francisco-based Urban Pacific focuses on large-scale, transformative urban projects such as One Rincon Hill, a residential high-rise in San Francisco.