SAN FRANCISCO—Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that HFF has arranged construction financing for the development of 181 Fremont St. The LEED Platinum Certified, fully-entitled, class A+ office and luxury condominium development is in the heart of the South Financial District in San Francisco.
As GlobeSt.com previously reported, Jay Paul Co. is developing the property through Starwood Property Trust. Work began on the tower in November of 2013, when the developer said that the project would take the lead in “defining the new Transbay Transit Center complex neighborhood.” 181 Fremont is expected to ascend 802 feet and comprise 54 stories to become the tallest mixed-use office and residential tower in San Francisco and in the Western United States.
As GlobeSt.com reported, 181 Fremont is a 54-story office and residential tower development that marks the company's first urban high rise project. The name Park 181 will refer specifically to the ultra-luxury residences located on the uppermost levels of the new high rise.
HFF closed the sale of the asset in 2013 for an undisclosed amount. The site is situated on 0.35 acres in San Francisco's South Financial District immediately adjacent and connected to the new business district known as Transit Center District.
The LEED Platinum Certified project features a state-of-the-art exoskeleton design with efficient column-free floor plates, panoramic city and bay views, and a direct connection via sky-bridge to the Transbay Transit Center 5.4-acre rooftop city park.
The HFF debt placement team was led by managing director Peter Smyslowski, director Chris Gandy and associates Walter Chui and Brandon Roth. “It was a privilege to play a small part in the development of what will be one of the most iconic office towers in the nation,” Smyslowski says. “Starwood Property Trust performed flawlessly, and the Jay Paul Co. has planted an enormous flag in the San Francisco skyline.”
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
