The Transamerica Pyramid, San Francisco’s second-tallest building and an icon of the city’s financial might for four decades, is being marketed for sale for the first time.
“Right now, San Francisco has a very robust office real estate market,” Jay Orlandi, chief administrative officer at Transamerica, said in a statement. “We are exploring options for a possible 100% interest sale of the property, with Transamerica retaining naming and branding rights.”
— The San Francisco Chronicle
The 853-foot, William Pereira-designed pyramidal skyscraper reigned as San Francisco’s tallest tower for more than 30 years before it was dethroned by the Pelli Clarke Pelli Architects-designed Salesforce Tower in 2018.
Built in 1972, the Brutalist-style Transamerica building features a four-sided pyramidal form wrapped in repeating bands of modular concrete window frames, and is capped by a soaring pointed top that is illuminated in a variety of colors throughout the year. The top one-third of the tower includes a pair of monolithic elevator shafts that break with the building’s otherwise pyramidal form.
Though originally disliked due to its shape and height, the tower eventually became a symbol of the city of San Francisco and has adorned corporate logos, tourist memorabilia, and other ephemeral media symbolizing the city for decades. The base of the tower is marked by Redwood Park, a pocket park designed by landscape architect Tom Galli that includes a series of redwood trees transplanted to the site from the nearby Santa Cruz mountains.
The asking price for the building is reportedly somewhere in the range of $600 million, according to The San Francisco Chronicle.
1 Comment
What a deal! That’s cheaper than any surrounding condo by 30%!
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