Slated for original occupancy in about 2019, the Oceanwide Center adds 2 million square feet of residential and commercial space, including a small hotel to the Yerba Buena neighborhood South of Market. Two towers designed by Foster & Partners with Heller Manus Architects will soar 910 and 605 feet above San Francisco.
Quick Facts About Oceanwide:
- Ground Breaking 2016; Estimated completion in 2019
- About 110 in Tower 1 and 154 in Tower 2
- Valet 370 stalls in a no-post/suspended mechanical parking system
- Allowed, restrictions based on number, size, and type
- Oceanwide Center LLC (formerly Oceanwide Holding’s Tohigh Investments)
- Tishman Construction; Plant Construction
- Foster & Partners with Heller Manus Architects
Renderings of Oceanwide Center:
Site Address 50 First Street @ Market/Mission
SFAR MLS Subdistrict – Yerba Buena
Oceanwide Center Overview
Oceanwide Center, when complete, will be add 2 million square feet of residential and commercial space, including a small hotel. The Oceanwide Center will rise 910 feet above SF in the tallest tower, with a secondary tower rising 605 feet above San Francisco. Oceanwide will replace an existing building currently located at 50 1st St, and it is almost adjacent to the transbay terminal.
As announced by the developer, Oceanwide plans to anchor their foundation to bedrock, in what some are describing as the deepest foundation in San Francisco. The developer has also announced the hotel tenant will be a 169-room Waldorf Astoria on the first 21 floors of Tower I. There will be a half-acre reserved as open space to create an “urban living room.”
Oceanwide Center Construction Schedule
Estimated completion 2019
Pricing for Oceanwide Center
Unannounced at this time. Pricing is typically the very last item that a developer decides upon, so we don’t expect to have this information until the sales office opens.
Unknown at this time. We’ll update this page as more details become available.
Below Market Rate (Inclusionary Housing) Homes
The developer in negotiations with the Mayor’s Office of Housing has agreed that one-third of all the units in the residential portion will be affordable housing units. Additionally, per Mayor Ed Lee, the developer has agreed “to provide $140 million dollars worth of housing immediately within a mile of [the] project site.”
Polaris Pacific has been selected by the developer as their exclusive representative. We don’t represent developers in new construction but provide independent representation at new and modern homes throughout San Francisco.
Additional Project Addresses
The second Tower will have an address on Mission Street (unknown currently)