{"id":1004071165,"date":"2013-04-18T06:41:26","date_gmt":"2013-04-18T14:41:26","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004071165"},"modified":"2020-04-14T05:25:26","modified_gmt":"2020-04-14T13:25:26","slug":"kilroy-breaks-ground-on-350-mission-st-san-fran-office-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kilroy-breaks-ground-on-350-mission-st-san-fran-office-tower\/","title":{"rendered":"Kilroy Breaks Ground on 350 Mission St., San Fran Office Tower"},"content":{"rendered":"<p><em style=\"font-size: 13px; line-height: 19px;\">By Scott Baltic, Contributing Editor<\/em><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/KILROY_LobbyNE_2013-04-04.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004071168\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/kilroy-breaks-ground-on-350-mission-st-san-fran-office-tower\/kilroy_lobbyne_2013-04-04\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/KILROY_LobbyNE_2013-04-04.jpg\" data-orig-size=\"480,341\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"KILROY_LobbyNE_2013-04-04\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/KILROY_LobbyNE_2013-04-04.jpg?w=480\" class=\"alignleft size-thumbnail wp-image-1004071168\" title=\"KILROY_LobbyNE_2013-04-04\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/KILROY_LobbyNE_2013-04-04.jpg\" alt=\"\" width=\"150\" height=\"150\" \/><\/a><span style=\"font-size: 13px; line-height: 19px;\">In the latest milestone for the 145-acre redevelopment area around San Francisco\u2019s new Transbay Transit Center, Kilroy Realty Corp. broke ground Tuesday on 350 Mission St., a new office tower that will rise at Mission and Fremont streets, directly across from the transit center.<\/span><\/p>\n<p>The building has been fully pre-leased to Salesforce.com, a provider of enterprise cloud computing, since the project was first announced last fall. It\u2019s scheduled to be completed in early 2015.<\/p>\n<p>The LEED Platinum glass-and-concrete tower is currently set for 27 stories, Mike Sanford, the REIT\u2019s senior vice president\/Northern California, told <em>Commercial Property Executive<\/em>, but he\u2019s confident that approval for a final height of 30 floors will be granted within a couple of months. At that height, the building will total about 450,000 square feet.<\/p>\n<p>Partly because it closely adjoins a building at 50 Beale St., the new tower has a side-core design and no windows on its northeast side, Sanford said. The design will also help create large floor plates with more contiguous open space.<\/p>\n<p>The four-story, open-air lobby will feature a 45-foot-high, 75-foot-wide LED \u201cdigital media canvas\u201d (a media wall rather like a Jumbotron, Sanford saidd) that will be used primarily for public art.<\/p>\n<p>And in another unusual feature, the tower\u2019s 11-foot exterior glass walls won\u2019t be perfectly vertical, but will instead cant slightly in or out on alternate floors, Sanford added. Beyond the architectural effect, the benefit is that although this allows as much light in as vertical glass would, the slight angle will reduce solar loading.<\/p>\n<p>The 350 Mission St. groundbreaking is the latest event in a flurry of activity in the Transbay district.<\/p>\n<p><em>CPE<\/em> recently reported that <a href=\"https:\/\/www.commercialsearch.com\/news\/regions\/west\/hines-boston-properties-break-ground-on-101-first-st-in-san-fran\/\" target=\"_blank\">Hines and Boston Properties had closed on their purchase of the 101 First St. site, where construction will begin this summer on what will be the West Coast\u2019s tallest building, the 60-story, 1.4-million-square-foot Transbay Transit Tower<\/a>.<\/p>\n<p>And just a day later, <em>CPE<\/em> reported that <a href=\"https:\/\/www.commercialsearch.com\/news\/regions\/west\/jay-paul-co-acquires-san-fran-transbay-development-site\/\" target=\"_blank\">Jay Paul Co. had acquired the 181 Fremont St. project from SKS Investments<\/a> and would begin construction of that 54-story, 684,000-square-foot mixed-use building.<\/p>\n<p>The vacancy rate for Class A space in San Francisco\u2019s South Financial District is 9.4 percent, according to first-quarter figures from Jones Lang LaSalle.<\/p>\n<p>The South Financial District \u201chas experienced significant growth over the past three years as a result of the flourishing technology industry,\u201d Julia Georgules, JLL\u2019s research manager for Northern California, told <em>CPE<\/em>.<\/p>\n<p>High leasing activity in the SOMA submarket \u201chas resulted in low vacancy and few options for tenants,\u201d she added, so the South Financial District has become the next best location for tech companies.<\/p>\n<p>These companies, according to Georgules, are driving San Francisco out of the recession, with forecasts pointing to continued hiring over the next several years. This being driven in part by tech start-ups that prefer to locate in the city \u201crather than in the suburbs where after-work activities and amenities are lacking,\u201d she said.<span style=\"font-size: 13px; line-height: 19px;\">\u00a0<\/span><\/p>\n<p>&#8220;The South Financial District has space currently and, with several new developments under way, will be able to offer nearly 5 million square feet over the next few years,&#8221; Georgules concluded.<\/p>\n<p><strong>Like us on facebook:<\/strong>\u00a0<a href=\"https:\/\/www.facebook.com\/pages\/Commercial-Property-Executive\/258033884191?ref=ts&amp;fref=ts\" target=\"_blank\" rel=\"nofollow\">https:\/\/www.facebook.com\/pages\/Commercial-Property-Executive\/258033884191?ref=ts&amp;fref=ts<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the latest milestone for the 145-acre redevelopment area around San Francisco\u2019s new Transbay Transit Center, Kilroy Realty Corp. broke ground Tuesday on 350 Mission St., a new office tower that will rise at Mission and Fremont streets, directly across from the transit center. <\/p>\n","protected":false},"author":882,"featured_media":1004071168,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21742,21747,1609,15],"tags":[],"class_list":["post-1004071165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-latest","category-office","category-san-francisco","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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