Following the 2011 demolition of San Francisco's 1939-built Art Deco Transbay Terminal, the first steps of a massive redevelopment project got underway. Although the central Transbay Transit Center is expected to open in 2017, the broader redevelopment plan calls for the addition of at least a dozen new towers for the immediate area, part of a city-building measure that will bring a significant amount of density to the heart of central San Francisco.

Original Transbay Terminal (1939), by Timothy L. Pflueger, image by Binksternet (talk) via Wikimedia Commons

After purchasing the last parcel of land left on the table for redevelopment in a $160 million deal, developers Urban Pacific Developments LLC and Hines, along with Goldman Sachs Group Inc.'s Broad Street Principal Investments LLC, have partnered together to develop what is known as Parcel F. Seen vacant in the image below, this parcel will become the site of a mixed-used tower to be designed by Pelli Clarke Pelli Architects.

This follows a failed 2015 deal between The Transbay Joint Powers Authority and developer Crescent Heights to purchase and develop Parcel F, which according to reports fell apart due to stipulations in place that at least 35% of all planned units (4000 in total) be dedicated to below-market-rate affordable housing.

Parcel F, seen to the right, rendering via The Transbay Joint Powers Authority

Zoned for a 750-foot tower, Parcel F will likely be filled out to its maximum potential, the proposed development of the site to encompass up to 750,000 square feet. The total value of land sales has reached $660 million so far, including the $160 million deal for Parcel F, which means that The Transbay Joint Powers Authority have now come a long way towards funding the new Transbay Transit Terminal, which had been at least $360 million in the red before this most recent deal.

Rendering of mixed-use tower for Parcel F (right), image via Pelli Clarke Pelli Architects

The site will be occupied by a large mixed-use tower, with 200 to 300 hotel rooms, 200 residential suites, and between 250,000 and 425,000 square feet of office space. While details on the project remain scarce, what is certain is that whatever the final shape or scope of the tower-to-be, it will more than likely serve as a cornerstone of both the Transbay Transit Center Redevelopment Project and the ongoing urban intensification of central San Francisco.

Rendering of mixed-use tower for Parcel F (left), image via Pelli Clarke Pelli Architects

SkyriseCities will be sure to return to this project as further details come to light. For more information about the Transbay Transit Center, check out the associated Database file and Forum thread, and as always, feel free to join the conversation in the comments section below.