TMG Partners has won awards for many projects
including honors for “Best Mixed Use,”
“Best Office,” and “Best Historic Rehabilitation”.
A San Francisco developer that made some of the city's best bets in the downturn by buying and redeveloping properties on the cheap is moving forward with two towers that would include the city's second-tallest skyscraper.
TMG Partners last week began work on an environmental review for the adjoining buildings in the city's Transbay neighborhood, one 910-feet and the other 605-feet tall and both designed by Norman Foster.
TMG and its partner, Northwood Investors LLC, plan to include about one million square feet of office space topped by condominiums in the taller of the two buildings.
TMG gained renown for taking control of multiple properties from 2009 to 2011 that it then sold for big gains, including a building bought by Dolby Laboratories for more than double what TMG and partner DivcoWest paid a year earlier.
Matt Field, TMG's chief investment officer, said he hopes construction will start next year, although the company hasn't secured debt financing and hasn't decided whether to move ahead before securing a tenant.
"We're just big believers that we have the right product at the right time," he said.