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101 Second Street: Difference between revisions

Coordinates: 37°47′17″N 122°23′57″W / 37.788139°N 122.399056°W / 37.788139; -122.399056
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{{Infobox building
{{Infobox building
| name = 101 Second Street
| name = 101 Second Street
| image = 101 Second Street.jpg
| image = 101 Second Street from Salesforce Park.jpg
| location = 101 Second Street<br>[[San Francisco]], [[California]]
| caption = View from Salesforce Park in 2021
| location = 101 Second Street<br />[[San Francisco]], [[California]]
| latd = 37.788139|longd = -122.399056
| iso_region = US-CA
| coordinates = {{coord|37.788139|-122.399056|region:US-CA|display=inline,title}}
| pushpin_map = United States San Francisco Central#California#USA
| coordinates_display = title
| completion_date = 2000
| completion_date = 2000
| building_type = Commercial offices
| building_type = Commercial offices
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| structural_engineer =
| structural_engineer =
| main_contractor = [[Hathaway Dinwiddie]]
| main_contractor = [[Hathaway Dinwiddie]]
| developer = [[Cousins Properties|Cousins Properties, Inc.]]<br>Myers Development Co.
| developer = [[Cousins Properties|Cousins Properties, Inc.]]<br />Myers Development Co.
| owner = Invesco Real Estate
| owner = Invesco Real Estate
| management =
| management =
| references = <ref>{{emporis|118708}}</ref><ref>{{skyscraperpage|4218}}</ref><ref>{{structurae|s0009334}}</ref>
| references = <ref>{{Cite web |url=https://www.emporis.com/buildings/118708 |archive-url=https://web.archive.org/web/20160307021909/https://www.emporis.com/buildings/118708 |url-status=usurped |archive-date=March 7, 2016 |title=Emporis building ID 118708 |work=[[Emporis]]}}</ref><ref>{{SkyscraperPage|4218}}</ref><ref>{{Structurae|20009334}}</ref>
}}
}}


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==History==
==History==
101 Second Street was developed by a partnership of [[Cousins Properties|Cousins Properties Incorporated]] and Myers Development Company, along with [[55 Second Street]].<ref>{{Cite press release |url=http://www.hines.com/press/releases/09-21-04.aspx |title=Hines Acquires 55 Second Street And 101 Second Street In San Francisco |publisher=Hines |date=September 21, 2004 |accessdate=January 20, 2014 |archive-date=December 3, 2013 |archive-url=https://web.archive.org/web/20131203123021/http://www.hines.com/press/releases/09-21-04.aspx |url-status=dead }}</ref> Both properties were sold to an affiliate of Hines Interests Limited Partnership in September 2004 for US$282 million, of which US$144 million was for 101 Second Street. Hines sold 101 Second Street to Invesco Real Estate for about $297 million in January 2014.<ref>{{cite news |url=http://www.bizjournals.com/sanfrancisco/blog/2014/01/765-a-square-foot-tower-price-blows.html |title=$765 a square foot? Tower price blows away expectations |first=J.K. |last=Dineen |publisher=San Francisco Business Times |date=January 6, 2014 |accessdate=January 20, 2014}}</ref>
{{refimprove section|date=January 2014}}


As of May 2023, during what the [[San Francisco Chronicle]] described as "Downtown San Francisco['s] worst office vacancy crisis on record," 101 Second Street had a vacancy rate of 21.1%.<ref>{{Cite web |last=Li |first=Roland |last2=Devulapalli |first2=Sriharsha |date=2023-05-08 |title=Downtown S.F. has 18.4 million square feet of empty office space. We mapped every vacancy |url=https://www.sfchronicle.com/sf/article/downtown-empty-offices-business-tech-17911258.php |access-date=2023-06-11 |website=San Francisco Chronicle |language=en-US}}</ref>
The Genesis of the project began in the early 90's and was originally designed as a "point tower" exceeding 40 stories for a Canadian developer. The design of the 'point tower' was crafted by Skidmore, Owings, and Merrill/San Francisco under the direction of Larry Doane and Steve O'Brien and won what at the time was a 'beauty competition' managed through the San Francisco Building Department. The project was voted through just before the economy for Class A office buildings fell into a severe recession and the developer for the project developed financial difficulties. The site changed hands and is currently managed by Hines. The site sat dormant and was redesigned around 1994 by Steve O'Brien. O'Brien's masterful massing partii is what survives to this day. The reorganization of SOM and the ongoing sluggish economy affected the final outcome of the design of 101 Second Street although much of the structure, including the public atrium and stepping down towards Second Street, can be attributed to O'Brien. Design Partners Brian Lee and Craig Hartman picked up the final detailing of the project after Larry Doane and Steve O'Brien.{{Citation needed|date=January 2014}}

Prior to September 11, 2001, a public loggia had been proposed for the upper floor to provide San Franciscans with a public open space unparalleled in any American City at that time. Even today, the proposal for a public open air, open space 24 stories in the air is unrivaled in the United States. Due to security and operational concerns, the concept was abandoned and the requisite open space requirements were placed in a mezzanine that is part of the atrium facing Second Street.{{Citation needed|date=January 2014}}

101 Second Street was developed by a partnership of [[Cousins Properties|Cousins Properties Incorporated]] and Myers Development Company, along with [[55 Second Street]].<ref>{{Cite press release |url=http://www.hines.com/press/releases/09-21-04.aspx |title=Hines Acquires 55 Second Street And 101 Second Street In San Francisco |publisher=Hines |date=September 21, 2004 |accessdate=January 20, 2014}}</ref> Both properties were sold to an affiliate of Hines Interests Limited Partnership in September 2004 for US$282 million, of which US$144 million was for 101 Second Street. Hines sold 101 Second Street to Invesco Real Estate for about $297 million in January 2014.<ref>{{cite news |url=http://www.bizjournals.com/sanfrancisco/blog/2014/01/765-a-square-foot-tower-price-blows.html |title=$765 a square foot? Tower price blows away expectations |first=J.K. |last=Dineen |publisher=San Francisco Business Times |date=January 6, 2014 |accessdate=January 20, 2014}}</ref>


==Tenants==
==Tenants==
{{Unreferenced section|date=June 2023}}
* [[King & Spalding LLP]]
* [[Reed Smith]]
* [[Reed Smith]]
* [[Ziff Davis Media, Inc.]]
* [[Ziff Davis Media, Inc.]]
* [[New Relic]]
* [[Moss Adams LLP]]
* [[Moss Adams LLP]]
* [[Nexant, Inc.]]
* [[Nexant, Inc.]]
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* [[Aspiriant]]
* [[Aspiriant]]
* [[CV Starr & Co.]]
* [[CV Starr & Co.]]
* [http://www.stupski.org Stupski Foundation]
* Stupski Foundation
* [[Clyde & Co]]
* [[Clyde & Co]]
* [[Prosper Marketplace]]
* [[ServiceNow Inc]]
* [[Pramp Inc]]
* [[HashiCorp]]<ref>{{Cite web|url=https://businesssearch.sos.ca.gov/Document/RetrievePDF?Id=03572338-26437368|title=&#124; California Secretary of State}}</ref>
* [[Canadian Imperial Bank of Commerce]]<ref>{{Cite web |title=CIBC US Locations |url=https://us.cibc.com/en/about-us/locations.html |access-date=2024-02-22 |website=us.cibc.com |language=en-ca}}</ref>


==See also==
==See also==
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==External links==
==External links==
* [http://www.hines.com/property/detail.aspx?id=1735 101 Second Street] at [[Hines Interests Limited Partnership]]
* [https://www.hines.com/properties/101-second-street-san-francisco 101 Second Street] {{Webarchive|url=https://web.archive.org/web/20090727223743/http://www.hines.com/property/detail.aspx?id=1735 |date=2009-07-27 }} at [[Hines Interests Limited Partnership]]


{{South of Market, San Francisco}}
{{Buildings in San Francisco|state=collapsed}}
{{Buildings in San Francisco|state=collapsed}}
{{Authority control}}


[[Category:Skyscrapers in San Francisco, California]]
[[Category:Skyscraper office buildings in San Francisco]]
[[Category:Skyscrapers between 100 and 149 meters]]
[[Category:Office buildings completed in 2000]]
[[Category:Office buildings completed in 2000]]
[[Category:Office buildings in San Francisco, California]]
[[Category:Hines Interests Limited Partnership]]
[[Category:Hines Interests Limited Partnership]]
[[Category:Skidmore, Owings & Merrill buildings]]
[[Category:Skidmore, Owings & Merrill buildings]]
[[Category:South of Market, San Francisco]]
[[Category:South of Market, San Francisco]]
[[Category:2000 establishments in California]]

Latest revision as of 14:15, 26 August 2024

101 Second Street
View from Salesforce Park in 2021
101 Second Street is located in San Francisco
101 Second Street
Location within San Francisco
101 Second Street is located in California
101 Second Street
101 Second Street (California)
101 Second Street is located in the United States
101 Second Street
101 Second Street (the United States)
General information
TypeCommercial offices
Location101 Second Street
San Francisco, California
Coordinates37°47′17″N 122°23′57″W / 37.788139°N 122.399056°W / 37.788139; -122.399056
Completed2000
OwnerInvesco Real Estate
Height
Roof108 m (354 ft)
Technical details
Floor count26
Floor area388,000 sq ft (36,000 m2)
Design and construction
Architect(s)Skidmore, Owings & Merrill
DeveloperCousins Properties, Inc.
Myers Development Co.
Main contractorHathaway Dinwiddie
References
[1][2][3]

101 Second Street is an office tower located in the South of Market district in San Francisco, California on Mission Street. The 108 m (354 ft) building was completed in 2000 and has 26 floors with 388,000 sq ft (36,000 m2) for offices. It is known for its glass-clad, four-story atrium which functions as public space. Its art pavilion has included commissions by painter Charles Arnoldi and sculptor Larry Bell. On warm days, the building at street level is opened.

History

[edit]

101 Second Street was developed by a partnership of Cousins Properties Incorporated and Myers Development Company, along with 55 Second Street.[4] Both properties were sold to an affiliate of Hines Interests Limited Partnership in September 2004 for US$282 million, of which US$144 million was for 101 Second Street. Hines sold 101 Second Street to Invesco Real Estate for about $297 million in January 2014.[5]

As of May 2023, during what the San Francisco Chronicle described as "Downtown San Francisco['s] worst office vacancy crisis on record," 101 Second Street had a vacancy rate of 21.1%.[6]

Tenants

[edit]

See also

[edit]

References

[edit]
  1. ^ "Emporis building ID 118708". Emporis. Archived from the original on March 7, 2016.{{cite web}}: CS1 maint: unfit URL (link)
  2. ^ "101 Second Street". SkyscraperPage.
  3. ^ 101 Second Street at Structurae
  4. ^ "Hines Acquires 55 Second Street And 101 Second Street In San Francisco" (Press release). Hines. September 21, 2004. Archived from the original on December 3, 2013. Retrieved January 20, 2014.
  5. ^ Dineen, J.K. (January 6, 2014). "$765 a square foot? Tower price blows away expectations". San Francisco Business Times. Retrieved January 20, 2014.
  6. ^ Li, Roland; Devulapalli, Sriharsha (2023-05-08). "Downtown S.F. has 18.4 million square feet of empty office space. We mapped every vacancy". San Francisco Chronicle. Retrieved 2023-06-11.
  7. ^ "| California Secretary of State".
  8. ^ "CIBC US Locations". us.cibc.com. Retrieved 2024-02-22.
[edit]