Owner Michael Shvo and his partners have hired world-renowned architect Norman Foster to redesign the iconic tower’s interiors and plan to invest $250 million to renovate the 1972 building and expand its Redwood Park. The owners also plan to roughly double the size of neighboring 545 Sansome St. and add a new facade to create a modern office building at the cost of around $150 million. — The San Francisco Chronicle
Work is expected to begin within the week and take around a year to be completed. The project will include the expansion of Redwood Park and, potentially, the adjacent 545 Sansome Street, which will be rebranded as 3 Transamerica pending approval by the city.
“We want to make this place a focal center of downtown, and make sure people come here not only to work,” Transamerica Pyramid owner Michael Shvo explained to the San Francisco Chronicle. “It will not only transform the interior of the building but the landscape and the exterior and bring life to the entire site.”
“It’s about responding to a very specific climate of a city,” Norman Foster said in a publicity video released by Shvo's company. “It’s about health; it’s about sustainability; it’s about green.”
Video courtesy SHVO on Vimeo.
1 Comment
I love the costumes in the video: Norm's all-white look and Mr. Shvo's rich dude black t-shirt.
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