{"id":1004561088,"date":"2021-12-16T05:06:59","date_gmt":"2021-12-16T13:06:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004561088"},"modified":"2022-12-08T16:19:35","modified_gmt":"2022-12-09T00:19:35","slug":"hines-expands-vision-for-downtown-sf-development","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hines-expands-vision-for-downtown-sf-development\/","title":{"rendered":"Hines Expands Vision for San Francisco Mixed-Use Project"},"content":{"rendered":"
\"200<\/a>

200 Mission. Image courtesy of Hines<\/p><\/div>\n

Hines has updated its plans for a full-city-block-sized development in downtown San Francisco, adding a multifamily tower with about 800 units. Now fully fleshed out, the plans for the former Pacific Gas & Electric headquarters site<\/a> also call for the redevelopment and renovation of about 1.6 million square feet of existing office space and a new 1.25-acre park, components that were announced in September.<\/p>\n

The transit-oriented site in the Financial District encompasses a full city block between Market and Mission streets.<\/p>\n

The 85-story multifamily component is at 50 Main and will feature a 20.5 percent share of affordable apartments, within an overall mix of studio and one- and two-bedroom units. London-based Foster + Partners is the master-plan architect and the design architect for 50 Main.<\/p>\n

Previously announced components of the project comprise the 200 Mission office tower redevelopment, a historic office complex renovation and a new 1.25-acre park that will feature redwood trees.<\/p>\n

\n

READ ALSO<\/strong>: What\u2019s Ahead for Office in 2022<\/a><\/p>\n

\n

The first of the two office projects will be the restoration and renovation of the 600,000-square-foot early-1900s office complex currently on the site. The historic building facade and original lobbies will be retained, as Hines upgrades the building\u2019s systems to 21st-century Class A office standards.<\/p>\n

The second office project will involve the repositioning of an existing 1 million-square-foot, 34-story tower. Currently designated 77 Beale, it will be re-oriented toward Mission Street and will be renamed 200 Mission.<\/p>\n

The repositioned building will feature improvements to its structural systems to minimize the likelihood of damage or injury during a seismic event and the addition of increased air filtration and touchless building entry to address a post-COVID work environment.<\/p>\n

200 Mission will also seek LEED Platinum certification, by way of high-performance MEP systems, glass technology and fa\u00e7ade-integrated solar panels.<\/p>\n

The entitlement process for the overall development continues, and construction is expected to begin in 2023.<\/p>\n

Ready to recover?<\/h2>\n

Between mid-2020 and mid-2021, the San Francisco office market saw a historically low level of leasing, according to a third-quarter report from Kidder Mathews. The current situation is a bit mixed, as sublease vacancy has decreased, even as some companies continue to give back space, pushing the overall vacancy up to 18.9 percent.<\/p>\n

And alongside a flight to quality, total net absorption remained in negative territory in the third quarter. Average asking rents continue to decline, to $63.00, though the slowing pace of the decrease suggests that the market might be recovering, again according to Kidder Mathews.<\/p>\n","protected":false},"excerpt":{"rendered":"

New details emerge for the multi-tower redevelopment of the Pacific Gas & Electric headquarters. <\/p>\n","protected":false},"author":882,"featured_media":1004561110,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,22251,21752,21742,21747,1609,15],"tags":[32879,32797,33612,51506],"class_list":["post-1004561088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-in-focus","category-mixed-use","category-latest","category-office","category-san-francisco","category-west","tag-foster-partners","tag-hines","tag-kidder-mathews","tag-national-pension-service-of-korea"],"acf":[],"yoast_head":"\nHines Expands Vision for San Francisco Mixed-Use Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Hines is planning to include an 800-unit multifamily tower, in addition to two office buildings at the former Pacific Gas & Electric HQ site in downtown San Francisco.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hines-expands-vision-for-downtown-sf-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hines Expands Vision for San Francisco Mixed-Use Project\" \/>\n<meta property=\"og:description\" content=\"Hines is planning to include an 800-unit multifamily tower, in addition to two office buildings at the former Pacific Gas & Electric HQ site in downtown San Francisco.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hines-expands-vision-for-downtown-sf-development\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-16T13:06:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T00:19:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/200-Mission-SF.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"797\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-expands-vision-for-downtown-sf-development\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hines-expands-vision-for-downtown-sf-development\/\",\"name\":\"Hines Expands Vision for San Francisco Mixed-Use Project - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-expands-vision-for-downtown-sf-development\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-expands-vision-for-downtown-sf-development\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/200-Mission-SF.jpg\",\"datePublished\":\"2021-12-16T13:06:59+00:00\",\"dateModified\":\"2022-12-09T00:19:35+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"description\":\"Hines is planning to include an 800-unit multifamily tower, in addition to two office buildings at the former Pacific Gas & Electric HQ site in downtown San Francisco.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-expands-vision-for-downtown-sf-development\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/hines-expands-vision-for-downtown-sf-development\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-expands-vision-for-downtown-sf-development\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/200-Mission-SF.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/200-Mission-SF.jpg\",\"width\":797,\"height\":600,\"caption\":\"200 Mission, PG&E's ex-headquarters. Image courtesy of Hines\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-expands-vision-for-downtown-sf-development\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hines Expands Vision for San Francisco Mixed-Use Project\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Hines Expands Vision for San Francisco Mixed-Use Project - Commercial Property Executive","description":"Hines is planning to include an 800-unit multifamily tower, in addition to two office buildings at the former Pacific Gas & Electric HQ site in downtown San Francisco.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/hines-expands-vision-for-downtown-sf-development\/","og_locale":"en_US","og_type":"article","og_title":"Hines Expands Vision for San Francisco Mixed-Use Project","og_description":"Hines is planning to include an 800-unit multifamily tower, in addition to two office buildings at the former Pacific Gas & Electric HQ site in downtown San Francisco.","og_url":"https:\/\/www.commercialsearch.com\/news\/hines-expands-vision-for-downtown-sf-development\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2021-12-16T13:06:59+00:00","article_modified_time":"2022-12-09T00:19:35+00:00","og_image":[{"width":797,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/200-Mission-SF.jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/hines-expands-vision-for-downtown-sf-development\/","url":"https:\/\/www.commercialsearch.com\/news\/hines-expands-vision-for-downtown-sf-development\/","name":"Hines Expands Vision for San Francisco Mixed-Use Project - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/hines-expands-vision-for-downtown-sf-development\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/hines-expands-vision-for-downtown-sf-development\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/200-Mission-SF.jpg","datePublished":"2021-12-16T13:06:59+00:00","dateModified":"2022-12-09T00:19:35+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"description":"Hines is planning to include an 800-unit multifamily tower, in addition to two office buildings at the former Pacific Gas & Electric HQ site in downtown San Francisco.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/hines-expands-vision-for-downtown-sf-development\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/hines-expands-vision-for-downtown-sf-development\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/hines-expands-vision-for-downtown-sf-development\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/200-Mission-SF.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/200-Mission-SF.jpg","width":797,"height":600,"caption":"200 Mission, PG&E's ex-headquarters. Image courtesy of Hines"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/hines-expands-vision-for-downtown-sf-development\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Hines Expands Vision for San Francisco Mixed-Use Project"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/200-Mission-SF.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004561088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004561088"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004561088\/revisions"}],"predecessor-version":[{"id":1004615470,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004561088\/revisions\/1004615470"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004561110"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004561088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004561088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004561088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}