Wilson Meany's Acquisition of Former BofA Headquarters Expected to Close this Summer

SAN FRANCISCO-The historic former Bank of America headquarters at Powell and Markets streets is being sold to developer Wilson Meany in a deal expected to close this summer. If all goes as planned principal Chris Meany and his partner, real estate tycoon William Wilson, will start a total renovation to transform the 80-year-old building into a new office/retail complex.

Built in 1921 by BofA founder A. P. Giannini the building presently houses a 30,000 sq. ft. BofA branch and 60,000 square feet of bank offices. The purchase and renovation is expected to cost more than $30 million, according to Meany, who is in charge of the project.

Plans for the transformation include the creation of 40,000 sq. ft. of retail space and 50,000 sq. ft. of Class A office space. Meany said the developer is looking for an international anchor to take 25,000 sq. ft. on what is considered one of the most significant corners in the city.