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SAN FRANCISCO-The city of San Francisco’s planning commission has approved plans to build three floors of retail space, a basement bank branch and a large office space.

Wilson Meany went before the commission to propose the development of 10,000-sf of mezzanine space at One Powell St., the former Bank of America headquarters. Earlier this year, Wilson Meany purchased the space from Bank of America.

The firm can now go ahead with its expansion and seismic retrofit plan, which is part of its $30 million project. The renovation will construct a brand-new mezzanine, elevator and stairway. The 80-year-old building is located next to the Powell BART station and cable cars, so it is considered prime downtown real estate.

The former Bank of America headquarters at One Powell St. will soon make way for three floors of retail space, a basement bank branch and 50,000 square feet of office space. Bank of America intends to move its business from the ground floor into the newly renovated basement space.

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