Garrett Leahy

Plans to build hundreds of homes in what would be San Francisco&#8217;s tallest residential building have been put on hold, according to the developer and Planning Department.

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Plans to build hundreds of homes in what would be San Francisco's tallest residential building have been put on hold, according to the developer and Planning Department.

Plans to build hundreds of homes in what would be San Francisco&#8217;s tallest residential building have been put on hold, according to the developer and Planning Department.

The planned 992-foot-tall project at 50 Main St. in the city&#8217;s downtown would add 800 apartments and a public park on the ground level. The building would replace an existing two-story parking garage. The planning department has yet to approve the plans.

The planned 992-foot-tall project at 50 Main St. in the city's downtown would add 800 apartments and a public park on the ground level. The building would replace an existing two-story parking garage. The planning department has yet to approve the plans.

The planned 992-foot-tall project at 50 Main St. in the city&#8217;s downtown would add 800 apartments and a public park on the ground level. The building would replace an existing two-story parking garage. The planning department has yet to approve the plans.

The massive tower would sit three blocks from San Francisco&#8217;s tallest building, the <a href="https://scroll.sfstandard.com/salesforce-tower-future/index.html">1,070-foot Salesforce Tower</a>, which topped out in 2018.

The massive tower would sit three blocks from San Francisco's tallest building, the <a href="https://scroll.sfstandard.com/salesforce-tower-future/index.html">1,070-foot Salesforce Tower</a>, which topped out in 2018.

The massive tower would sit three blocks from San Francisco&#8217;s tallest building, the <a href="https://scroll.sfstandard.com/salesforce-tower-future/index.html">1,070-foot Salesforce Tower</a>, which topped out in 2018.

Texas-based developer Hines told planning officials that work had paused on the project in April last year because the company wanted to redesign it, an excerpt from an email seen by The Standard shows. No specifics on a new format or timeline were supplied.

Texas-based developer Hines told planning officials that work had paused on the project in April last year because the company wanted to redesign it, an excerpt from an email seen by The Standard shows. No specifics on a new format or timeline were supplied.

&#8220;We&#8217;re continuing to work on our plans for executing the redevelopment of the project,&#8221; Hines spokesperson Marisa Monte-Santoro said in an emailed statement.

"We're continuing to work on our plans for executing the redevelopment of the project," Hines spokesperson Marisa Monte-Santoro said in an emailed statement.

&#8220;We&#8217;re continuing to work on our plans for executing the redevelopment of the project,&#8221; Hines spokesperson Marisa Monte-Santoro said in an emailed statement.

Renderings of the 50 Main Street tower, which would be the second tallest in the city after Salesforce Tower if built| 

<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2022/10/50main-1.png?w=974" alt="A skyscraper is seen in a rendering." class="wp-image-79721"/><figcaption class="wp-element-caption">If built, the 50 Main St. tower, depicted in a rendering, would be the second tallest in the city after Salesforce Tower.</figcaption></figure>

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<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2022/10/50main-1.png?w=974" alt="A skyscraper is seen in a rendering." class="wp-image-79721"/><figcaption class="wp-element-caption">If built, the 50 Main St. tower, depicted in a rendering, would be the second tallest in the city after Salesforce Tower.</figcaption></figure>

A September 2022 permit filed with the city&#8217;s Department of Building Inspection says the building&#8217;s construction will cost more than $180 million.

A September 2022 permit filed with the city's Department of Building Inspection says the building's construction will cost more than $180 million.

A September 2022 permit filed with the city&#8217;s Department of Building Inspection says the building&#8217;s construction will cost more than $180 million.

Hines has not notified the Planning Department when it will resume work on the project, Sider said.

Hines has not notified the Planning Department when it will resume work on the project, Sider said.

The tower at 50 Main St. is part of a <a href="https://sfstandard.com/2022/10/03/huge-san-francisco-skyscraper-could-change-city-skyline-forever-with-808-homes/">larger Hines development</a> named City Grove.

Huge San Francisco skyscraper could change city skyline forever with 808 homes

The tower at 50 Main St. is part of a <a href="https://sfstandard.com/2022/10/03/huge-san-francisco-skyscraper-could-change-city-skyline-forever-with-808-homes/">larger Hines development</a> named City Grove.

The full development includes office and retail space at 215 Market St., 245 Market St. and 200 Mission St. Upon completion, it would have underground parking for up to 404 cars and a 1.25-acre public park, including an amphitheater.

The full development includes office and retail space at 215 Market St., 245 Market St. and 200 Mission St. Upon completion, it would have underground parking for up to 404 cars and a 1.25-acre public park, including an amphitheater.

This is not the first change that has been made to plans for 50 Main St.

This is not the first change that has been made to plans for 50 Main St.

In late 2022, Hines reduced the apartment tower&#8217;s height <a href="https://www.bizjournals.com/sanfrancisco/news/2022/08/22/shorter-tower-proposed-on-p-g-e-block.html">from 1,066 feet to 992 feet</a> and reduced the number of apartments from 808 to 800.

In late 2022, Hines reduced the apartment tower's height <a href="https://www.bizjournals.com/sanfrancisco/news/2022/08/22/shorter-tower-proposed-on-p-g-e-block.html">from 1,066 feet to 992 feet</a> and reduced the number of apartments from 808 to 800.

In late 2022, Hines reduced the apartment tower&#8217;s height <a href="https://www.bizjournals.com/sanfrancisco/news/2022/08/22/shorter-tower-proposed-on-p-g-e-block.html">from 1,066 feet to 992 feet</a> and reduced the number of apartments from 808 to 800.

Hines has faced controversy after its luxury apartment building at <a href="https://sfstandard.com/2022/09/16/plagued-san-francisco-luxury-apartment-residents-might-not-move-home-until-june-2023/">33 Tehama St. flooded</a> twice in June and August 2022, displacing all of the building&#8217;s tenants.

Plagued San Francisco luxury apartment residents might not move home for 9 months

Hines has faced controversy after its luxury apartment building at <a href="https://sfstandard.com/2022/09/16/plagued-san-francisco-luxury-apartment-residents-might-not-move-home-until-june-2023/">33 Tehama St. flooded</a> twice in June and August 2022, displacing all of the building's tenants.

Hines has faced controversy after its luxury apartment building at <a href="https://sfstandard.com/2022/09/16/plagued-san-francisco-luxury-apartment-residents-might-not-move-home-until-june-2023/">33 Tehama St. flooded</a> twice in June and August 2022, displacing all of the building&#8217;s tenants.

Downtown’s promised huge skyscraper is going nowhere fast, will be redesigned

Joshua Bote

A Salesforce senior director based in San Francisco alleged in a lawsuit that she was illegally laid off while on leave for a “serious health crisis.”

A Salesforce senior director based in San Francisco alleged in a lawsuit that she was illegally laid off while on leave for a “serious health crisis.”

Attorneys for Dina Zelikson filed the suit accusing the tech company of discrimination, retaliation, wrongful termination and a violation of California’s worker leave laws in a complaint filed in San Francisco Superior Court Monday.

Attorneys for Dina Zelikson filed the suit accusing the tech company of discrimination, retaliation, wrongful termination and a violation of California’s worker leave laws in a complaint filed in San Francisco Superior Court Monday.

Zelikson alleges in the lawsuit she was just one of many pieces of “deadwood”—defined in the suit as “unproductive employees on leave”—that were cut as part of Salesforce’s layoffs earlier this year. The layoffs hit around 10% of Salesforce’s worker base, affecting more than 7,000 workers globally.

Zelikson alleges in the lawsuit she was just one of many pieces of “deadwood”—defined in the suit as “unproductive employees on leave”—that were cut as part of Salesforce’s layoffs earlier this year. The layoffs hit around 10% of Salesforce’s worker base, affecting more than 7,000 workers globally.

Zelikson is seeking a jury trial and unspecified damages for economic loss, emotional distress and punitive damages, along with attorney’s fees.

Zelikson is seeking a jury trial and unspecified damages for economic loss, emotional distress and punitive damages, along with attorney’s fees.

A Salesforce spokesperson declined to comment on the lawsuit.

A Salesforce spokesperson declined to comment on the lawsuit.

In the suit, she did not mince words about her former employer or its CEO, Marc Benioff, characterizing the company’s self-branding as “a family environment,” using the Hawaiian term Ohana, as mere “lip service.” The lawsuit even took a shot at <a href="https://sfstandard.com/search/?query=salesforce%20tower">the Salesforce Tower</a>, calling it a “giant phallic symbol changing the San Francisco skyline.”

In the suit, she did not mince words about her former employer or its CEO, Marc Benioff, characterizing the company’s self-branding as “a family environment,” using the Hawaiian term Ohana, as mere “lip service.” The lawsuit even took a shot at <a href="https://sfstandard.com/search/?query=salesforce%20tower">the Salesforce Tower</a>, calling it a “giant phallic symbol changing the San Francisco skyline.”

Zelikson was initally hired at the company in mid-2020 as a director of global digital marketing focusing primarily on MuleSoft—a software company acquired by Salesforce in 2018. By April 2022, she had been promoted to a senior director role and had a “positive, interactive, and supportive working relationship” with her manager at the time, Salesforce vice president Rick Tolman.&nbsp;

Zelikson was initally hired at the company in mid-2020 as a director of global digital marketing focusing primarily on MuleSoft—a software company acquired by Salesforce in 2018. By April 2022, she had been promoted to a senior director role and had a “positive, interactive, and supportive working relationship” with her manager at the time, Salesforce vice president Rick Tolman.&nbsp;

But come August 2022, their working relationship soured, according to the suit. Zelikson was undergoing treatment to determine if brain tumors removed during a prior procedure had returned; she recently began suffering from “serious neurological symptoms and a newly diagnosed issue of high blood pressure” at the time.

But come August 2022, their working relationship soured, according to the suit. Zelikson was undergoing treatment to determine if brain tumors removed during a prior procedure had returned; she recently began suffering from “serious neurological symptoms and a newly diagnosed issue of high blood pressure” at the time.

Tolman allegedly began icing her out after she disclosed her condition, cutting scheduled meetings and not responding to her Slack messages. By October, Tolman allegedly reassigned Zelikson to another senior director and a friend of Tolman’s, the suit alleges, in an effort “to push her out as it was effectively demoting her.”&nbsp;

Tolman allegedly began icing her out after she disclosed her condition, cutting scheduled meetings and not responding to her Slack messages. By October, Tolman allegedly reassigned Zelikson to another senior director and a friend of Tolman’s, the suit alleges, in an effort “to push her out as it was effectively demoting her.”&nbsp;

In that meeting, Tolman allegedly said that Zelikson was “unreliable” due to having to take time off for her health concerns and questioned her “ability to perform her job in light of her recent health issues.” He also “referenced impending layoffs in a threatening manner.” By December, she had been formally approved for a three-month leave of absence.

In that meeting, Tolman allegedly said that Zelikson was “unreliable” due to having to take time off for her health concerns and questioned her “ability to perform her job in light of her recent health issues.” He also “referenced impending layoffs in a threatening manner.” By December, she had been formally approved for a three-month leave of absence.

About a month in, she allegedly received a text message from her new supervisor that she would be affected by the layoffs. “sorry it sucks so bad,” the message allegedly read. The company also neglected to provide any “clear and consistent” information about her termination date, the suit said; it was only when legal counsel took action that she received an exact date of when she was laid off.

About a month in, she allegedly received a text message from her new supervisor that she would be affected by the layoffs. “sorry it sucks so bad,” the message allegedly read. The company also neglected to provide any “clear and consistent” information about her termination date, the suit said; it was only when legal counsel took action that she received an exact date of when she was laid off.

Salesforce also denied her long-term disability coverage due to a paperwork snafu that her legal representatives deemed “common and bogus.” Zelikson is currently appealing the denial.

Salesforce also denied her long-term disability coverage due to a paperwork snafu that her legal representatives deemed “common and bogus.” Zelikson is currently appealing the denial.

This is the second lawsuit by a high-level Salesforce staffer in recent months; in July, <a href="https://www.sfgate.com/tech/article/salesforce-executive-lawsuit-genie-software-18301778.php" target="_blank" rel="noreferrer noopener">a senior vice president sued the company in Massachusetts federal court</a> over allegations of fraud and retaliation.

This is the second lawsuit by a high-level Salesforce staffer in recent months; in July, <a href="https://www.sfgate.com/tech/article/salesforce-executive-lawsuit-genie-software-18301778.php" target="_blank" rel="noreferrer noopener">a senior vice president sued the company in Massachusetts federal court</a> over allegations of fraud and retaliation.

Salesforce sacked exec on leave during ‘traumatic health crisis,’ suit alleges

Kevin Truong

The equivalent of more than 20 Salesforce Towers worth of office space is currently vacant in San Francisco and the record-breaking number is only expected to grow in the new year, according to preliminary data from real estate firm CBRE. 

The equivalent of more than 20 Salesforce Towers worth of office space is currently vacant in San Francisco and the record-breaking number is only expected to grow in the new year, according to preliminary data from real estate firm CBRE.

More than a third of the city’s total office space—35.9%—is currently empty in the fourth quarter, a rise of nearly two percentage points compared to the previous three months. That proportion amounts to more than 31.5 million square feet of vacant space.

More than a third of the city’s total office space—35.9%—is currently empty in the fourth quarter, a rise of nearly two percentage points compared to the previous three months. That proportion amounts to more than 31.5 million square feet of vacant space.

Salesforce Tower, the city’s tallest office high-rise, has 1.4 million square feet of rentable space, meaning the vacant space on the market is equal to more than 22 towers.

Salesforce Tower, the city’s tallest office high-rise, has 1.4 million square feet of rentable space, meaning the vacant space on the market is equal to more than 22 towers.

Office vacancy rates in San Francisco hit all-time highs during the pandemic and have continued to break records. The swath of space on the market is particularly striking when compared to the sub-5% vacancies seen in the city before the pandemic. San Francisco has experienced the sharpest rise in vacancy rates of any major office market in the country. 

Office vacancy rates in San Francisco hit all-time highs during the pandemic and have continued to break records. The swath of space on the market is particularly striking when compared to the sub-5% vacancies seen in the city before the pandemic. San Francisco has experienced the sharpest rise in vacancy rates of any major office market in the country.

The vacancy challenges are connected to a broader decline in the market values of office properties in San Francisco, which has <a href="https://www.google.com/search?q=kevin+truong+real+estate&amp;sca_esv=591956038&amp;rlz=1C5GCEM_en&amp;ei=faOAZbTDObfKkPIPk9eNwAg&amp;ved=0ahUKEwj09cH14ZmDAxU3JUQIHZNrA4gQ4dUDCBA&amp;uact=5&amp;oq=kevin+truong+real+estate&amp;gs_lp=Egxnd3Mtd2l6LXNlcnAiGGtldmluIHRydW9uZyByZWFsIGVzdGF0ZTIFECEYoAEyBRAhGKABMgUQIRigATIFECEYqwJIgw5QiAJYwwxwAngAkAEAmAH7AaABwBGqAQUwLjYuNrgBA8gBAPgBAcICChAuGIAEGIoFGEPCAgUQABiABMICCxAAGIAEGIoFGJECwgILEC4YrwEYxwEYgATCAgsQLhiABBjHARivAcICGRAuGIAEGIoFGEMYlwUY3AQY3gQY4ATYAQHCAgYQABgWGB7iAwQYASBBiAYBugYGCAEQARgU&amp;sclient=gws-wiz-serp">meant lower tax revenues</a> and a <a href="https://sfstandard.com/2023/12/13/san-francisco-budget-cuts-800-million-deficit-taxes-spending/">growing municipal budget crunch</a> while leaving some <a href="https://sfstandard.com/author/kevin-truong/">bargains for opportunistic private investors</a>.&nbsp;

Facing $800M deficit, San Francisco mayor orders steep budget cuts

The vacancy challenges are connected to a broader decline in the market values of office properties in San Francisco, which has <a href="https://www.google.com/search?q=kevin+truong+real+estate&amp;sca_esv=591956038&amp;rlz=1C5GCEM_en&amp;ei=faOAZbTDObfKkPIPk9eNwAg&amp;ved=0ahUKEwj09cH14ZmDAxU3JUQIHZNrA4gQ4dUDCBA&amp;uact=5&amp;oq=kevin+truong+real+estate&amp;gs_lp=Egxnd3Mtd2l6LXNlcnAiGGtldmluIHRydW9uZyByZWFsIGVzdGF0ZTIFECEYoAEyBRAhGKABMgUQIRigATIFECEYqwJIgw5QiAJYwwxwAngAkAEAmAH7AaABwBGqAQUwLjYuNrgBA8gBAPgBAcICChAuGIAEGIoFGEPCAgUQABiABMICCxAAGIAEGIoFGJECwgILEC4YrwEYxwEYgATCAgsQLhiABBjHARivAcICGRAuGIAEGIoFGEMYlwUY3AQY3gQY4ATYAQHCAgYQABgWGB7iAwQYASBBiAYBugYGCAEQARgU&amp;sclient=gws-wiz-serp">meant lower tax revenues</a> and a <a href="https://sfstandard.com/2023/12/13/san-francisco-budget-cuts-800-million-deficit-taxes-spending/">growing municipal budget crunch</a> while leaving some <a href="https://sfstandard.com/author/kevin-truong/">bargains for opportunistic private investors</a>.&nbsp;

A handful of leases expired and several large subleases were placed back on the market during the fourth quarter. Negative net absorption—a real estate term meaning loss of occupancy of office space—was at -6.7 million square feet for 2023, the highest number seen since 2020. 

A handful of leases expired and several large subleases were placed back on the market during the fourth quarter. Negative net absorption—a real estate term meaning loss of occupancy of office space—was at -6.7 million square feet for 2023, the highest number seen since 2020.

Leasing activity did pick up early in the fourth quarter, with major deals like OpenAI snapping up nearly a <a href="https://sfstandard.com/2023/10/27/openai-uber-headquarters-mission-bay/">half-million square feet of space</a> at Uber’s Mission Bay headquarters. AI companies continued to drive leasing demand, accounting for around 28% of total leasing activity last year.

ChatGPT-maker OpenAI officially inks massive San Francisco office lease

Leasing activity did pick up early in the fourth quarter, with major deals like OpenAI snapping up nearly a <a href="https://sfstandard.com/2023/10/27/openai-uber-headquarters-mission-bay/">half-million square feet of space</a> at Uber’s Mission Bay headquarters. AI companies continued to drive leasing demand, accounting for around 28% of total leasing activity last year.

However, experts say the idea of <a href="https://www.google.com/search?q=ai+won%27t+save+sfstandard&amp;rlz=1C5GCEM_en&amp;oq=ai+won%27t+save+sfstandard&amp;gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIJCAEQIRgKGKABMgkIAhAhGAoYoAHSAQg3NDAxajBqN6gCALACAA&amp;sourceid=chrome&amp;ie=UTF-8">AI as a savior</a> for the city’s struggling office market is a long shot, particularly as AI companies generally try to limit headcount via technology.

However, experts say the idea of <a href="https://www.google.com/search?q=ai+won%27t+save+sfstandard&amp;rlz=1C5GCEM_en&amp;oq=ai+won%27t+save+sfstandard&amp;gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIJCAEQIRgKGKABMgkIAhAhGAoYoAHSAQg3NDAxajBqN6gCALACAA&amp;sourceid=chrome&amp;ie=UTF-8">AI as a savior</a> for the city’s struggling office market is a long shot, particularly as AI companies generally try to limit headcount via technology.

But even with those tailwinds, there are some signs of light at the end of the tunnel.

But even with those tailwinds, there are some signs of light at the end of the tunnel.

Colin Yasukochi, executive director of CBRE&#8217;s Tech Insights Center, believes vacancy rates will likely continue to rise in the first half of 2024 before topping out and stabilizing in the second half. 

Colin Yasukochi, executive director of CBRE's Tech Insights Center, believes vacancy rates will likely continue to rise in the first half of 2024 before topping out and stabilizing in the second half.

Colin Yasukochi, executive director of CBRE&#8217;s Tech Insights Center, believes vacancy rates will likely continue to rise in the first half of 2024 before topping out and stabilizing in the second half.

That provides a positive signal for the city’s real estate market, particularly paired with indications that the federal government will cut interest rates next year.

That provides a positive signal for the city’s real estate market, particularly paired with indications that the federal government will cut interest rates next year.

More than a third of San Francisco’s office space is currently vacant

Michael McLaughlin

An entire glass pane fell from the roof level of Salesforce East and crashed onto the street Friday morning in downtown San Francisco, authorities said. The pane shattered on impact and sent shards flying across the street into the windows of Millennium Tower

An entire glass pane fell from the roof level of Salesforce East and crashed onto the street Friday morning in downtown San Francisco, authorities said. The pane shattered on impact and sent shards flying across the street into the windows of Millennium Tower

Department of Building Inspection spokesperson Patrick Hannan said two of Millennium Tower&#8217;s ground-floor windows sustained damage after the incident. DBI has issued a notice of violation to Salesforce East, which instructs management to replace the window pane as soon as possible and secure the opening in the meantime.

Department of Building Inspection spokesperson Patrick Hannan said two of Millennium Tower's ground-floor windows sustained damage after the incident. DBI has issued a notice of violation to Salesforce East, which instructs management to replace the window pane as soon as possible and secure the opening in the meantime.

Department of Building Inspection spokesperson Patrick Hannan said two of Millennium Tower&#8217;s ground-floor windows sustained damage after the incident. DBI has issued a notice of violation to Salesforce East, which instructs management to replace the window pane as soon as possible and secure the opening in the meantime.

A pane of glass being installed on the top level of the Salesforce East tower fell 30 stories to the street below on September 6, 2024.

<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2024/09/350-glasspane-fell2-2024.jpg?w=768" alt="The image shows a construction site with metal beams, a red ladder, and various tools and materials scattered on the ground. Sunlight shines brightly through a mesh screen." class="wp-image-308929"/><figcaption class="wp-element-caption">A pane of glass being installed on the top level of the Salesforce East tower fell 30 stories to the street.</figcaption></figure>

Police and emergency department officials told people to avoid the area around the 30-story building at 350 Mission St. and warned of traffic delays. The street has since reopened and glass has been cleaned up. No injuries were reported after the glass was discovered at around 8:21 a.m., authorities said.

Police and emergency department officials told people to avoid the area around the 30-story building at 350 Mission St. and warned of traffic delays. The street has since reopened and glass has been cleaned up. No injuries were reported after the glass was discovered at around 8:21 a.m., authorities said.

Downtown skyscrapers have seen&nbsp;<a href="https://sfstandard.com/2023/03/16/glass-fell-from-the-sky-in-downtown-san-francisco-officials-say-no-cause-for-alarm/" target="_blank" rel="noreferrer noopener">windows shatter</a>&nbsp;and fall to the streets before. In March 2023, amid stormy weather and winds of around 70 mph, glass fell from the 43rd floor of the building at 555 California St.

Glass fell from the sky in downtown San Francisco—officials say no cause for alarm

Downtown skyscrapers have seen&nbsp;<a href="https://sfstandard.com/2023/03/16/glass-fell-from-the-sky-in-downtown-san-francisco-officials-say-no-cause-for-alarm/" target="_blank" rel="noreferrer noopener">windows shatter</a>&nbsp;and fall to the streets before. In March 2023, amid stormy weather and winds of around 70 mph, glass fell from the 43rd floor of the building at 555 California St.

A window being repaired at Rincon Tower&nbsp;<a href="https://www.cbsnews.com/sanfrancisco/news/no-injuries-after-high-rise-window-falls-45-stories-to-san-francisco-street-during-repairs/" target="_blank" rel="noreferrer noopener">fell 45 floors and shattered</a>&nbsp;on Folsom Street in 2021, and inspectors found&nbsp;<a href="https://www.archpaper.com/2019/03/cracked-glass-salesforce-tower/" target="_blank" rel="noreferrer noopener">cracked windows at Salesforce Tower</a>&nbsp;in 2019. Two years after the Millennium Tower began sinking and tilting in 2016, the beleaguered building&nbsp;<a href="https://sf.curbed.com/2018/9/7/17829328/millennium-tower-window-crack-highrise" target="_blank" rel="noreferrer noopener">added cracked windows</a>&nbsp;to its list of ailments. A spokesperson for the Millennium building said that work to fix the problem with their windows is nearly complete.

A window being repaired at Rincon Tower&nbsp;<a href="https://www.cbsnews.com/sanfrancisco/news/no-injuries-after-high-rise-window-falls-45-stories-to-san-francisco-street-during-repairs/" target="_blank" rel="noreferrer noopener">fell 45 floors and shattered</a>&nbsp;on Folsom Street in 2021, and inspectors found&nbsp;<a href="https://www.archpaper.com/2019/03/cracked-glass-salesforce-tower/" target="_blank" rel="noreferrer noopener">cracked windows at Salesforce Tower</a>&nbsp;in 2019. Two years after the Millennium Tower began sinking and tilting in 2016, the beleaguered building&nbsp;<a href="https://sf.curbed.com/2018/9/7/17829328/millennium-tower-window-crack-highrise" target="_blank" rel="noreferrer noopener">added cracked windows</a>&nbsp;to its list of ailments. A spokesperson for the Millennium building said that work to fix the problem with their windows is nearly complete.

Weather services forecast the wind speed Friday at the Financial District at approximately 8 mph, which is considered to be low.

Weather services forecast the wind speed Friday at the Financial District at approximately 8 mph, which is considered to be low.

Glass fell from skyscraper’s roof during construction work, smashing into Millennium Tower

Noah Baustin

A San Francisco real estate firm is proposing a towering new Downtown skyscraper that would contain more than 600 apartments and alter the city’s skyline.

A San Francisco real estate firm is proposing a towering new Downtown skyscraper that would contain more than 600 apartments and alter the city’s skyline.

Bayhill Ventures, a local real estate and investment firm, said Thursday it is seeking city approval to develop 530 Howard St., near the intersection with First Street. The location is south of Market Street, just a block from the Salesforce Tower.

Bayhill Ventures, a local real estate and investment firm, said Thursday it is seeking city approval to develop 530 Howard St., near the intersection with First Street. The location is south of Market Street, just a block from the Salesforce Tower.

The company hopes to build an 840-foot-tall building containing 672 apartments, according to its announcement. The residences would be a mix of one-, two- and three-bedroom apartments available for lease.

The company hopes to build an 840-foot-tall building containing 672 apartments, according to its announcement. The residences would be a mix of one-, two- and three-bedroom apartments available for lease.

The skyscraper’s 72 stories would stand at 795 feet, with mechanical penthouse levels and screening features extending the structure to 844 feet, according to a project description filed with the city.&nbsp;

The skyscraper’s 72 stories would stand at 795 feet, with mechanical penthouse levels and screening features extending the structure to 844 feet, according to a project description filed with the city.&nbsp;

The building would be shorter than the 1,070-foot Salesforce Tower and stand just shy of the <a href="https://sfstandard.com/2022/11/30/tallest-buildings-in-san-francisco-sf/">853-foot-tall Transamerica Pyramid</a>.

What&#8217;s the second tallest building in SF?

The building would be shorter than the 1,070-foot Salesforce Tower and stand just shy of the <a href="https://sfstandard.com/2022/11/30/tallest-buildings-in-san-francisco-sf/">853-foot-tall Transamerica Pyramid</a>.

It will cost an estimated $268 million to build, according to the filing.

It will cost an estimated $268 million to build, according to the filing.

“We believe there continues to be a strong need and desire for housing in Downtown San Francisco, which will support a more diversified and balanced ecosystem for residents, businesses and their employees,” said Bayhill CEO Paul Paradis.&nbsp;

“We believe there continues to be a strong need and desire for housing in Downtown San Francisco, which will support a more diversified and balanced ecosystem for residents, businesses and their employees,” said Bayhill CEO Paul Paradis.&nbsp;

Located in the heart of Downtown, the tower would feature a fifth-floor bridge over Natoma Street leading straight to Salesforce Park. An elevator on Natoma Street would provide public access to the pedestrian bridge, according to the description.

Located in the heart of Downtown, the tower would feature a fifth-floor bridge over Natoma Street leading straight to Salesforce Park. An elevator on Natoma Street would provide public access to the pedestrian bridge, according to the description.

A rendering shows the proposed pedestrian bridge that would connect the 530 Howard St. apartment building to Salesforce Park.

<figure class="wp-block-image size-large"><img src="https://content.sfstandard.com/wp-content/uploads/2023/11/bridge-view-for-press-release.jpg?w=2500" alt="A bridge stretches next to a building, showing pedestrians walking next to flowers and trees." class="wp-image-222769"/><figcaption class="wp-element-caption">A rendering shows the proposed pedestrian bridge that would connect the 530 Howard St. apartment building to Salesforce Park.</figcaption></figure>

One-bedroom units would make up 424 of the apartments. There would be 180 two-bedroom units and 68 three-bedroom units, according to the project description.&nbsp;

One-bedroom units would make up 424 of the apartments. There would be 180 two-bedroom units and 68 three-bedroom units, according to the project description.&nbsp;

Plans call for a total of 68 “affordable” units, including 43 one-bedrooms, 18 two-bedrooms and seven three-bedrooms, the filings show.

Plans call for a total of 68 “affordable” units, including 43 one-bedrooms, 18 two-bedrooms and seven three-bedrooms, the filings show.

A three-level parking garage would provide 149 parking spaces and 34 bicycle spots.

A three-level parking garage would provide 149 parking spaces and 34 bicycle spots.

&#8220;This significant investment in our Downtown is another infusion of confidence and excitement for the future of San Francisco,” said Mayor London Breed in a statement. “Turning a parking lot into housing, including affordable housing, is exactly what we need to do to build a stronger, more resilient San Francisco.”

"This significant investment in our Downtown is another infusion of confidence and excitement for the future of San Francisco,” said Mayor London Breed in a statement. “Turning a parking lot into housing, including affordable housing, is exactly what we need to do to build a stronger, more resilient San Francisco.”

&#8220;This significant investment in our Downtown is another infusion of confidence and excitement for the future of San Francisco,” said Mayor London Breed in a statement. “Turning a parking lot into housing, including affordable housing, is exactly what we need to do to build a stronger, more resilient San Francisco.”

Currently, a vacant lot and a four-story office building sit on the land that the new tower would occupy, according to the company.

Currently, a vacant lot and a four-story office building sit on the land that the new tower would occupy, according to the company.

The current building at 530 Howard St. was originally built in 1908, according to city filings. During the 1910s, it was occupied by the Magnesia Asbestos Supply Co. before a rubber goods and leather clothing manufacturer took over the space from 1920 to 1966. Since the late ’70s, the building has been used as office space by architects, designers and other professionals.

The current building at 530 Howard St. was originally built in 1908, according to city filings. During the 1910s, it was occupied by the Magnesia Asbestos Supply Co. before a rubber goods and leather clothing manufacturer took over the space from 1920 to 1966. Since the late ’70s, the building has been used as office space by architects, designers and other professionals.

Another portion of the land was an auto repair garage from the 1940s through 1989, when it was demolished, according to the filings. It has been a parking lot ever since.

Another portion of the land was an auto repair garage from the 1940s through 1989, when it was demolished, according to the filings. It has been a parking lot ever since.

New skyscraper proposed for downtown San Francisco; it would be city’s third-highest

Will California's AI safety legislation help or hurt San Francisco?

A California artificial intelligence safety bill vilified by much of the tech industry is now on Governor Newsom's desk pending signature. Our business editor Kevin Truong and tech reporter Priya Anand sit down with the bill's author, State Senator Scott Wiener, to ask: Will this bill protect the future of the industry with industry-first regulation or could it kill what many see as San Francisco's next boom industry?

Will California’s AI safety legislation help or hurt San Francisco?

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Mayoral Debate Watch Party

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On Thursday morning we'll be sitting down with influential Democratic Party leader and former Mayor Willie Brown to chat about what a Kamala Harris presidency might look like and what will happen leading up to the Democratic National Convention. Have questions of your own for Mayor Brown? Join The Standard's politics editor, Annie Gaus, and Carla Marinucci, formerly of Politico and The San Francisco Chronicle, for this live Q&A on Zoom.

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