September 30, 2011
Renovation Of 680/690 Folsom Slated To Get Going This November
We first showcased the proposed redesign of 680/690 Folsom back in 2008. In 2010, an equity partner in the project deeded their interest in the building back to Wells Fargo but has since been replaced by Rockwood Capital. And now, TMG Partners is expected to start the $87 million renovation of 680/690 Folsom in two months.
The renovated building will yield 505,000 square feet of commercial space and a new public plaza on the corner of Folsom and Third streets, "where there eventually will be a new 15,000-square-foot retail or cultural building constructed" (see rendering above).
∙ Wet Weekend Special (And Scoop): The Designs For 680/690 Folsom [SocketSite]
∙ Additional Details To Go With The Glassy Design: 680/690 Folsom [SocketSite]
∙ The Latest Design For 680/690 Folsom: Back To The Bank [SocketSite]
∙ TMG ready to roll on $87M project [San Francisco Business Times]
First Published: September 30, 2011 7:30 AM
Comments from "Plugged In" Readers
Thanks for the update - I work near this building and have been hearing jackhammer noises and seen surreptitious construction activity, and was wondering what was going on.
Posted by: katdip at September 30, 2011 8:41 AM
This will be a huge boost for the intersection and 3rd St. in general. Glad it is under way.
Posted by: Michael E at September 30, 2011 9:31 AM
Surreptitious construction activity...for at least a year, right? Seems that way to me.
Posted by: EH at September 30, 2011 10:43 AM
i'm really looking forward to this project. I work at 55 Hawthorne across the street and the property in its current state is a complete eye sore!
Posted by: anna at September 30, 2011 11:21 AM
This is excellent news. It's about time this building/intersection was utilized. It will make the neighborhood much more attractive. But whatever happened to Moscone Center taking it over?
Posted by: Ginny at September 30, 2011 2:13 PM
EH - no, it was under construction for a while - completely gutted, a piece of the new facade placed out front, etc. Then it all stopped dead, probably when it was given back to the bank. The construction I've heard is only in the past 4 weeks or so.
Posted by: katdip at September 30, 2011 3:18 PM
So glassy...those poor birds.
Posted by: jenofla at September 30, 2011 5:00 PM
Thanks for this post. Been wondering what was going to happen to this corner. Can't wait for it to be complete. I live a block and a half from here and I think this will help clean up beautify the neighborhood! Now if only we can go down past 5th and Folsom and do some updates!
Posted by: Fred at October 1, 2011 5:09 PM