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How much is Salesforce Tower worth?
A 49 percent ownership stake in Park Tower, a new building near Salesforce Tower, is expected to trade for more than $1,500 per square foot, The Chronicle previously reported. Based on those price ranges, Salesforce Tower could be worth more than $2.1 billion, but the building isn’t for sale.
What is the Salesforce Tower made of?
The Salesforce Tower consists of a glass and steel curtain wall, surrounding a structural steel frame, which surrounds a reinforced concrete core. The footprint of Salesforce Tower rests on land fill near San Francisco's original waterfront, an area prone to soil liquefaction during earthquakes.
What is the footprint of Salesforce Tower in San Francisco?
The footprint of Salesforce Tower rests on land fill near San Francisco's original waterfront, an area prone to soil liquefaction during earthquakes. To account for this seismic risk, the tower uses a design that is modeled to withstand the strongest earthquakes expected in the region.
Is Salesforce Tower taller than the Wilshire Grand?
It is also the second-tallest building west of the Mississippi River after the 1,100 feet (335 m) Wilshire Grand Center in Los Angeles. The Salesforce Tower is taller than the Wilshire Grand if decorative spires are excluded, and with a taller roofline than Los Angeles' U.S. Bank Tower, the Salesforce tower is tallest according to roofline.
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How much did the Salesforce Tower sell for?
$192.5 millionINDIANAPOLIS - Indiana's tallest building has a new owner after Oklahoma City-based Square Deal Investment Management acquired Salesforce Tower from California-based Hertz Investment Group for $192.5 million.
How much is the Salesforce building worth?
A $187 million payment for a 5 percent ownership stake suggests Salesforce Tower is now worth more than $3 billion.
How long did it take to build the Salesforce Tower?
five yearsThe Salesforce Tower, which had its grand opening ceremony on Tuesday, is the tallest building in San Francisco and west of the Mississippi. Standing at 1,070 feet high with 61 floors, it took more than five years to build. The Transamerica Pyramid was previously the city's tallest building.
Who paid for Salesforce Tower?
Hertz purchased Salesforce Tower for approximately $162 million in 2016, according to Marion County assessor records. Hunter said the building, formerly branded Chase Tower, went up for sale in March 2020.
Is Salesforce building sinking?
The 645-foot-tall, 58-story tower was completed in 2009 and has been tilting and sinking ever since it opened. The issue stems from the building's foundations—it sits on a 10-foot-thick concrete pad that it itself is supported by nearly 1,000 reinforced concrete piles driven 90 feet into soft clay.
Is Salesforce Tower earthquake proof?
With a foundation system consisting of 42 load-bearing elements anchored into bedrock more than 300 feet below grade, Salesforce Tower is the first commercial office building in California designed to an enhanced level of seismic safety, making it one of the safest buildings in the country.
Is Salesforce Tower empty?
San Francisco's glassy Financial District buildings, including Salesforce Tower (left) and 100 First St., remain largely empty two years into the pandemic.
How many floors is a Salesforce Tower?
61Salesforce Tower / FloorsSalesforce Tower, a 1.4 million-square-foot, 61-story icon, is adjacent to the Transbay Transit Center in San Francisco. The tower is a landmark addition to the San Francisco skyline and is the second tallest building on the West Coast, with its crown soaring to a height of 1,070 feet.
Who owns Salesforce?
Marc BenioffMarc BenioffBornMarc Russell Benioff September 25, 1964 San Francisco, California, U.S.EducationUniversity of Southern California (BS)Known forFounder, chairman and co-CEO, Salesforce Co-chair and owner, TimeSpouse(s)Lynne Krilichh2 more rows
How much did Salesforce Park cost?
$2.2 billionThe project, which stands at 425 Mission St., is four stories tall and four blocks long. Its cost is estimated at $2.2 billion, including the repairs and reinspections that followed discovery of the cracks. (Though the project is a public venture, the software company Salesforce bought naming rights for 25 years.)
Is Salesforce leaving San Francisco?
Although it's a stretch to say that Salesforce is relocating out of the Bay Area, one could say that its new headquarters is the cloud. The company announced in February that it would make its pandemic-related remote work policy permanent and has canceled a lease at a forthcoming downtown office in San Francisco.
Why is it called Salesforce Tower?
Salesforce Tower is named for its largest lessee, the cloud-computing company, which has taken thirty floors for its offices. The building resembles an enormous zucchini, and is mostly owned by Boston Properties, the real-estate investment trust.
When was Salesforce Tower built?
The Salesforce Tower, then known as the Transbay Tower, first came into ideation in the fall of 2006, when the Transbay Joint Powers Authority (TJPA) held a competition to select the team that would design and develop the city’s first super-tall tower as a part of the Transbay Terminal Redevelopment.
How tall is Salesforce Tower?
For San Francisco, the Salesforce Tower is unprecedented in many ways. It’s the first super-tall (over 984 ft) structure, the most expensive in the city’s history, and the first tall building to use LBEs in its foundation.
What floors does Salesforce have?
As the anchor tenant to the building, Salesforce itself will be occupying floors 3-30, 39-44, and the top two floors 60 and 61. To date, nearly four dozen permits describe tenant improvements to a floor leased to Salesforce with a total estimated job valuation of $43.5 million . According to permits filed last year, several levels are having the “floor slab” demolished to accommodate a series of “interconnecting stairs” between levels 4 through 6, 7 through 9, 10 through 12, 13 through 15, 16 through 18, and the top two floors.
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Overview
History
Developer Hines Interests Limited Partnership, with a proposal by architect César Pelli of Pelli Clarke Pelli Architects, was selected as the winner of a global competition in 2007 to entitle and purchase the site. A seven-member jury of development experts assembled by the Transbay Joint Powers Authority (TJPA) selected Hines over proposals from Forest City Enterprises and architect Richard Rogers; and from Rockefeller Development Group Corp. and Skidmore, Owings & Merrill. …
Design
The Salesforce Tower consists of a glass and steel curtain wall, surrounding a structural steel frame, which surrounds a reinforced concrete core. The building is enclosed in a lattice consisting of white aluminum fins and perforated sunshades, which reach out as much as two feet beyond the glass skin. The tower's silhouette is smoothly tapering off toward the top.
Reception
At the time of the building's opening in January 2018, the San Francisco Chronicle's architecture critic John King characterized it as "Immense but understated. Overwhelming yet refined. A study in thick-walled minimalism that seems to hover more than soar. All of which makes for a nuanced tower, conscientious and self-assured even as it reorients the skyline and redefines San Francisco’s visual image." King also reported that "[a]rchitecture buffs already dismiss Salesforc…
In popular culture
• Salesforce Tower's first appearance in film was the 2014 animated film Big Hero 6. Although construction on Salesforce Tower had only started a year ago at the time the film was released, a stylized version of the completed tower appeared in the film.
• The tower can also be seen in several shots in the 2018 film Venom.
Gallery
• Salesforce Tower in April 2017, the day before its topping-out ceremony with 181 Fremont under construction on the right
• The Salesforce Tower (center-left) and the Transamerica Pyramid (center-right) with Coit Tower (left) and the Pier 43 Ferry Arch (foreground)
See also
• List of tallest buildings in San Francisco
• List of tallest buildings in California
• List of tallest buildings in the United States
• Gran Torre Santiago
External links
• Official website
• Transbay Demolition and Construction Blog
• Salesforce Tower construction webcam
• Transbay Transit Center proposal from Pelli Clarke Pelli Architects Archived May 19, 2017, at the Wayback Machine