SAN
FRANCISCO – Plans to build the tallest building in San Francisco have been
given the green light by city planners. If completed, the 1,070 tall "Transbay
Tower" at 101 First Street would be 217 taller than the city's current tallest
building, the Transamerica Pyramid, which stands 853 feet tall.
The
proposed 61 story building is part of an overall larger plan called the Transit
Center District that would recreate downtown San Francisco. The 145-acre
district would include other high-rise commercial and residential buildings.
The project would also include retail space, hotels and well as transit
services.
The next
step in the project is for the developer to complete a sales agreement with the
Transbay Joint Powers Authority, which owns the land. The sales price could be
near $200 million.
