Construction has begun on a 47-storey mixed-use tower at 30 Van Ness in San Francisco’s Hayes Valley neighbourhood by Australian developer Lendlease.
The 165m tower, Lendlease’s largest development in the Americas, will cost an estimated $1.2bn and will contain 27,000 sq m of retail and office space, with 333 residencies.
The ground floor will include a community event and retail space that opens to a public plaza. And each floor of the “office podium” will contain outdoor terraces, open floor-plates and double height ceilings.
The 333 residences will be housed on floors, half of which will offer two or more bedrooms and a quarter will be affordable.
The tower was designed by Chicago’s SCB Architects and will meet LEED Platinum certification. It will also ct will match policies outlined in the San Francisco Planning Department’s Market & Octavia Area Plan.
Mark Dickinson, Lendlease Americas’ managing director of development, said: “With few other projects of this scale planned, we believe now is the right time to launch this long-term vision to deliver a global best-in-class asset of the future.”
Arden Hearing, Lendlease Americas’ executive general manager of West Coast development, said: “After years of hard work by many people across our investment, development and construction teams and deep collaboration with the city and community groups, we are proud to announce this important benchmark for 30 Van Ness.”
Construction is due to be completed in 2025.