SHVO APPOINTS INTERNATIONALLY RECOGNIZED ARCHITECTS FOSTER + PARTNERS TO REVITALIZE ICONIC TRANSAMERICA PYRAMID CENTER IN SAN FRANCISCO
The selection of the Pritzker Laureate Lord Norman Fosterknown for its prolific expertise in fusing historic architecture with contemporary design, followed an invited competition including renowned international architectural firms Bjarke Ingels Group and David Chipperfield Architects.
Located in one of the main crossroads cities of the world and symbol of that of San Francisco ambition, the Transamerica Pyramid Center encompasses an entire city block in the Financial District. The Transamerica Pyramid, designed by the famous futuristic architect Guillaume Pereira and completed in 1972, is emblematic of the skyline. The larger site consists of two additional buildings – Two Transamerica (505 Sansome Street) and Three Transamerica (545 Sansome Street), and the famous Redwood Central Park.
Foster + Partners’ new design aims to revitalize and restore historic Redwood Park, while connecting the three buildings through a series of strategic ground-level interventions, creating a vibrant new destination in the heart of San Francisco while respecting and celebrating the unique heritage of the site.
SHVO and Foster + Partners are committed to designing high-performance office spaces that promote well-being. The office is reimagined as a living space, with a sophisticated emphasis on comfort, hospitality and flexibility for tenants and guests. In addition to the private CORE club on site, hotel-quality amenities and service enhance the offering. Further enticing the return to the office, retail is carefully organized and two floors in the middle of the tower are dedicated to wellness, a lounge and conference facilities, all with panoramic views of the city. Plus, the top floor below the spire culminates these amenities with an enchanting private bar and lounge.
Redwood Park – which consists of nearly 50 mature redwood trees transplanted from the Santa Cruz Valley to the site in 1974 and now stands over 100 feet tall – will also be enhanced, and additional landscaping will activate the perimeter of the site. Adding seasonal color to the space, Mark Twain Street – Sansome Street Alley – will be lined with plum blossom trees, leading to the base of the pyramid with select cafes, shops and restaurants. The project is expected to be completed by mid-2023.
Distinguished Architectural Historian Paul Goldbergera SHVO consultant for Transamerica Pyramid Center, said, “The Foster team, known for the sensitivity of their juxtapositions of historic and modern structures, came up with a design that was highly sensitive not only to Pereira’s dramatic original architecture, but to the nature of the city center. San Francisco: not a generic redesign of a 1970s tower, but a unique project intended to celebrate a unique modern building, making the most of its exclamation point on the skyline and its presence on the street, uniting both to become a place like no other. “
Lord Norman Fosterfounder and executive chairman of Foster + Partners, added, “This is an exceptional opportunity to restore the unique Transamerica Pyramid Tower and its historic Redwood Park, to create a very special destination in the heart of San Francisco. Existing buildings and new additions are linked by generous landscaping that will breathe new public and community life at the sidewalk level. Old office spaces are reborn into new living spaces, with an emphasis on well-being. Together with Michael Shvo and his team, we look forward to revitalizing this truly iconic building.”
“Norman Foster is renowned for its brilliant treatment of historic buildings and I am thrilled to join his team in the important task of re-developing this extraordinary city block and solidifying the Transamerica Pyramid as one of the greatest buildings in the world” , said Michael Shvo, President and CEO. “The Pyramid is synonymous with San Francisco, representing the city’s optimism and forward-thinking nature. We have worked closely with the Foster team to respect the Centre’s existing history and complement it with contemporary interventions that will only strengthen this magnificent building which stands like a beacon on the skyline of this city.”
SHVO, which acquired the Transamerica Pyramid Center in October 2020is committed to making significant investments to further cement the building’s status as one of the world’s most essential buildings while creating an inviting new destination for San Francisco and its inhabitants.
SHVO is a real estate development and investment company founded on the vision of a CEO Michael Shvo to create culture-defining experiences at iconic properties.
Based at New York City with offices at Miami, San Francisco, Los Angelesand ChicagoSHVO owns and operates a national portfolio with over $8 billion of assets under management and 4.5 million square feet of commercial and retail office space, hospitality and luxury residential assets.
The company’s selective portfolio of architecturally significant properties, ranging from innovative new developments to revitalized landmarks that define the skylines of the world’s major cities, includes the Transamerica Pyramid in San Franciscothe Raleigh hotel in miami beach333 South Wabash Avenue (‘The Big Red’) at ChicagoMandarin Oriental Residences at 9200 Wilshire Boulevard in beverly hillsMandarin Oriental Residences Fifth Avenue at New York City and the AMAN New York Hotel and Residences at the Crown Building.
Renowned for its expertise, SHVO is fully integrated with a highly diversified industry experience in all aspects of acquisitions, finance, development, design, sales, leasing, property management, hospitality and durability.
For more information, visit www.shvo.com.
About Foster + Partners
Foster + Partners is a global architecture, urban planning and design studio, rooted in sustainability, which was founded over fifty years ago in 1967 by Norman Foster with his late wife, Wendy. Since then, he and the team around him have established an international practice with a worldwide reputation for thoughtful and pioneering design, working as a unique studio that is both ethnically and culturally diverse. The studio integrates the skills of architecture with engineering, both structural and environmental, urban planning, interior and industrial design, modeling and filmmaking, aeronautics and many more – our environment college work is similar to a compact university. These diverse skills allow us to tackle a wide range of projects, especially those of considerable complexity and scope. Design is at the heart of everything we do. We design buildings, spaces and cities; we listen, we question and we innovate.
The studio has established an international reputation with buildings such as the Hearst headquarters in new York30 St Mary Axe, popularly known as The Gherkin, at LondonMillau Viaduct at Francethe German Parliament in the Reichstag, BerlinThe Great Court of the British Museum, headquarters of HSBC in hong kong and Londonthe ME hotel in LondonCommerzbank headquarters in Frankfurtthe Bilbao Metro, the Carré d’Art Nîmes, the Masdar sustainable development in Abu Dhabiand research centers for Stanford University, California. Recent works include the Norton Museum of Art in West palm beachSamson Pavilion for CWRU and Cleveland Clinic at OhioDuo Central Park at sydneyApple’s headquarters in CaliforniaBloomberg’s new European headquarters in London and the Comcast Technology Center in philadelphia cream. Currently, the firm is involved in projects such as the New Slussen Masterplan in Sweden, Kuwait International Airport and 425 Park Avenue at new York.
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