Renderings:
Proposed Project:
• $172.5Million Purchase Price (land proceeds pledged to the TJPA for
construction of the Transit Center)
• Approximately 665,000 rentable square feet of office space in a
550-foot-tall tower ;
• Approximately 15,000 square feet of publicly accessible ground floor
open space;
• An underground parking facility with 117 parking spaces in
mechanical stackers;
• Streetscape improvements including the extension of a portion of
Natoma Street;
• Ground-floor retail space of approximately 5,700 square feet; and,
• A minimum LEED Gold level of certification for sustainability.
Next Steps and Schedule:
• September 12, 2014 – Commission to consider approval
of Exclusive Negotiation Agreement (“ENA”)
• October 2014 – Commission Workshop on Revised
Concept Designs
• March 2015 – Approval of DDA and Schematic Designs
• April 2015 – Payment of non-refundable $2,000,000
DDA Deposit (to be credited against purchase price)
• September 2015 – Close of escrow and payment of
purchase price
• April 2016 – Construction commencement
• May 2019 – Construction completed (outside date)
Reference:
