• Source: One Market Plaza

One Market Plaza is a complex of three office buildings at 1 Market Street along the San Francisco Embarcadero. The historic 11-story Southern Pacific Building, also known as "The Landmark", was completed in 1916, and incorporated into the development in 1976 that includes the 43-storey 172 metres (564 feet) Spear Tower, and the 27-storey, 111 metres (364 feet) Steuart Tower. At over 1.5 billion pounds, the complex is considered the heaviest development in San Francisco.




History


The plaza was first owned by Morgan Stanley Real Estate and Paramount Group. Later in 2007, Paramount Group purchased a half-interest from Morgan Stanley for $720 million. By 2014, Paramount controlled a 51% stake and the rest by Blackstone.
The complex was renovated in 1996 by the architect firm César Pelli & Associates Architects. In Spring 2014 a new renovation began, which was completed in 2016.
After Southern Pacific's merger with Union Pacific, the Landmark building was sold to The Martin Group in 1997 for $50 million, after plans by another developer to convert the building to a hotel fell through. An $88 million renovation brought modern amenities such as air conditioning and hot water to the building. It later hosted the headquarters of Del Monte Foods for ten years on the building's top three floors. In 2018, Google took lease of 300,000 sqft at The Landmark.




Tenants


As of 2017, Google, as the anchor tenant, occupied 321,680 sqft. Others are Morgan, Lewis & Bockius, Autodesk, Visa Inc. and Capital Research.




Gallery















See also



San Francisco's tallest buildings




References



J.K. Dineen (July 3, 2007). "Paramount Group buys half interest in One Market Plaza". The San Francisco Business Times. Retrieved 12 August 2010.




External links


"One Market Plaza". Emporis. Archived from the original on March 7, 2016.{{cite web}}: CS1 maint: unfit URL (link)
"Southern Pacific Building". Emporis. Archived from the original on March 7, 2016.{{cite web}}: CS1 maint: unfit URL (link)

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