AMB Property, a San Francisco-based REIT with primarilyindustrial properties, says that it chose to invest in thewaterfront redevelopment because it marks the first majorrenovation of one of San Francisco's piers in order to preserve thehistoric formerly industrial space. The firm aimed to create aunique environment that identified with their core businessstrategy.

AMB reconstructed a 70,000-sf warehouse, originally created forthe C&H Sugar Refining Corp. in the 1930's, into an innovative,seismically sound office complex withy 150,000-sf of space. Thecompany managed to preserve the historic appearance of theproperty.

In addition, Pier One has over an acre of public space with anarched walkway and public promenade. Mixing history with modern-daytechnology, its windows are replicas of the originals, whichinnovations include state-of-the-art technology, underwaterimprovements to the structure's stability and a specialtyenvironmental system.