Catellus also is weighing the merits of building a smaller 20-story, 370,000-sf tower on the south side of Broadway, either a hotel or office. Bosa Development plans to build two 39-story condominium towers on Pacific Highway, dramatically altering the city's skyline over the next 10 years.
Combined, the value of the two office buildings would be about $255 million. Catellus officials don't have any tenants for the towers, which are not scheduled to break ground until early next year. They wouldn't be completed until 2004.
San Francisco-based Catellus sold land to British Columbia-based Bosa Development last spring for the residential portion of the long-awaited Santa Fe Place. City Center Development oversees approval of development concepts and preliminary designs of all downtown projects.
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