TMG Partners has won awards for many projects
including honors for “Best Mixed Use,”
“Best Office,” and “Best Historic Rehabilitation”.
Six years after Pelli Clark Pelli won the competition to design the new Transbay Terminal and Tower, a select group of star architects will have a chance to battle it out for the transit district's high-profile site.
This week TMG Partners and Northwood Investors LLC completed the acquisition of an assemblage of parcels at First and Mission Streets in San Francisco. The partnership plans to develop two towers with approximately two million square feet of office, retail and residential improvements on the 1.17-acre development site.
"The Transbay site will be transformative to the City of San Francisco and will positively impact the residential, commercial and restaurant/retail communities," said Michael Covarrubias, chairman and CEO, TMG Partners. "It's very exciting for our team to be a part of what will be the last mixed-use development of this scale in this area of downtown."
The property was rezoned in 2012 under the Transbay Plan, which was put in place to encourage density around the Transbay Terminal. With frontage on First and Mission Streets, the property was rezoned for a mixed-use development project comprised of an 850-foot commercial tower and a 605-foot residential tower.
The previous owner had engaged Skidmore Owings & Merrill to design the project. While SOM will almost certainly be in the running, the new owners have decided to start from scratch.
"TMG Partners and Northwood Investors are starting fresh with what will be a dynamic design to both accommodate the diversity of tenants and residents and to befit the what will be the biggest and most prominent Transbay District site besides the Transit Tower itself," the groups said in a statement.
In the Transbay Terminal & Tower competition, Pelli Clark Pelli, which partnered with Hines, beat out SOM and the Richard Rogers Partnership. SOM was working with the Rockefeller Group and Richard Rogers was teamed up with Forest City.