One Market Plaza
{{Short description|Complex of three office buildings at 1 Market Street along the San Francisco Embarcadero}}
{{Use American English|date=February 2025}}
{{Infobox building
| name = One Market Plaza
| image = One Market Plaza aerial (2010).jpg
| caption = Aerial view of One Market Plaza: Steuart Tower (left, shorter white building), Spear Tower (center, taller white building), and Southern Pacific Building (right, shortest brick building)
| alternate_names = Del Monte Building
| location = 1 Market Street
San Francisco, California
| coordinates = {{coord|37.79329|-122.39452|region:US-CA|display=inline,title}}
| pushpin_map = United States San Francisco Central
| completion_date = 1976
| building_type = Commercial offices
| antenna_spire =
| roof = {{convert|172|m|abbr=on}}
| floor_count = 43
| floor_area = {{convert|1,460,071|sqft|abbr=on}}{{cite web|title=Spear Tower|url=http://www.skyscrapercenter.com/building/spear-tower/2625|website=Skyscraper Center|publisher=CTBUH|access-date=2017-08-16}}
| architect = Welton Becket Associates
| structural_engineer=
| main_contractor =
| developer =
| owner = {{ubl|Paramount Group, Inc.|Blackstone}}
| management =
| references = {{Cite web |url=https://www.emporis.com/buildings/118744 |archive-url=https://web.archive.org/web/20160307025556/https://www.emporis.com/buildings/118744 |url-status=usurped |archive-date=March 7, 2016 |title=Spear Tower |work=Emporis}}{{Skyscraperpage|760|Spear Tower}}
}}
{{Infobox building
| name = Steuart Tower
| image =
| caption =
| location = 1 Market Street
San Francisco, California
| coordinates = {{coord|37.79335|-122.39382|region:US-CA|display=inline}}
| completion_date = 1976
| building_type = Commercial offices
| roof = {{convert|111|m|abbr=on}}
| floor_count = 28
| elevator_count =
| cost =
| floor_area = {{convert|31590|m2|abbr=on}}
| architect = Welton Becket Associates
| structural_engineer =
| main_contractor =
| developer =
| owner = Paramount Group, Inc.
| management =
| references = {{Cite web |url=https://www.emporis.com/buildings/118704 |archive-url=https://web.archive.org/web/20170913182942/https://www.emporis.com/buildings/118704 |url-status=usurped |archive-date=September 13, 2017 |title=Steuart Tower |work=Emporis}}{{Skyscraperpage|1413|Steuart Tower}}
}}
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 {{convert|172|m|abbr=off}} Spear Tower, and the 27-storey, {{convert|111|m|abbr=off}} 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.{{Cite web|last=Li|first=Roland|date=2018-11-13|title=Google signs massive SF office lease at former Salesforce headquarters|url=https://www.sfchronicle.com/business/article/Google-signs-massive-SF-office-lease-at-former-13378857.php|access-date=2021-04-06|website=San Francisco Chronicle|language=en-US}}
Tenants
As of 2017, Google, as the anchor tenant, occupied 321,680 sqft. Others are Morgan, Lewis & Bockius, Autodesk, Visa Inc. and Capital Research.{{Cite web|last=Andrew Nelson|date=2021-08-12|title=Number 21: Spear Tower at One Market Plaza, SoMa, San Francisco|url=https://sfyimby.com/2021/08/number-21-spear-tower-at-one-market-plaza-soma-san-francisco.html|access-date=2021-09-01|website=San Francisco YIMBY|language=en-US}}
Gallery
File:San Francisco - Southern Pacific Building 01.jpg|The Market street facade of the Southern Pacific Building
File:Steuart_Tower_and_Spear_Tower.jpg|Steuart Tower and Spear Tower from the ground
See also
{{Portal|San Francisco Bay Area}}
References
- {{cite news | author=J.K. Dineen | title=Paramount Group buys half interest in One Market Plaza | url=http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2007/07/02/daily16.html | work=The San Francisco Business Times | date=July 3, 2007 | access-date=12 August 2010}}
External links
- {{Cite web |url=https://www.emporis.com/complex/105824 |archive-url=https://web.archive.org/web/20160307154523/https://www.emporis.com/complex/105824 |url-status=usurped |archive-date=March 7, 2016 |title=One Market Plaza |work=Emporis}}
- {{Cite web |url=https://www.emporis.com/buildings/118774 |archive-url=https://web.archive.org/web/20160307024343/https://www.emporis.com/buildings/118774 |url-status=usurped |archive-date=March 7, 2016 |title=Southern Pacific Building |work=Emporis}}
{{Financial District, San Francisco}}
{{Buildings in San Francisco|state=collapsed}}
Category:Skyscraper office buildings in San Francisco
Category:Market Street (San Francisco)
Category:Buildings and structures completed in 1916
Category:Buildings and structures completed in 1976