1455-1515 Third Street Site

Uber Technologies has entered into a joint venture with Alexandria Real Estate Equities to acquire and develop two undeveloped Mission Bay parcels at 1455 and 1515 Third Street, adjacent to the Golden State Warriors arena development that’s in the works.

Currently owned by Salesforce.com, the last of their Mission Bay holdings, the two parcels are already approved for development of up to 423,000 square feet of office space, with permitted plans and a Proposition M office space allocation in place.

The development, which will be 51 percent owned by Alexandria and 49 percent by Uber, is slated to become Uber’s worldwide headquarters and the company has committed to a 15-year lease for the entire site.

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Comments from “Plugged-In” Readers

  1. Posted by Adam

    Let’s hope they place additional tenants on the ground floor. The retail included in the Warriors scheme is just a start if that portion of Mission Bay is going to have any street life at all.

  2. Posted by R

    Now all they need is to build a user-friendly app! (or just copy Lyft)

    • Posted by Spencer

      how could their app possibly be any easier?

      • Posted by zig

        seriously, my Dad an his 70 year old buddies are using it

  3. Posted by Alai

    Next to a parking garage– appropriate.

  4. Posted by soccermom

    More jobs
    More construction-related spending
    More people
    Housing +/- contstant
    Prices go….

  5. Posted by Faceword

    Does anyone know if Salesforce made huge windfall on the aborted Mission Bay HQ by buying pre-boom and selling post-boom?

    • Posted by MDG399

      SFDC did JUST FINE – Don’t you worry about them. (Ex-SFDC employee here)

  6. Posted by R

    How are the employees going to get all the way there from BART?

    • Posted by Joel

      I’m pretty sure they’ll just take Uber… right?

    • Posted by Alex740

      Joel beat me to it.

      But I think in the not so distant future it’s going to become very clear that the 3rd street rail is too slow and completely inadequate for servicing all the jobs, residents and event goers that will be flooding this part of town.

    • Posted by Resident of SOMA

      Uber shuttle…or they might try to slink onto UCSF shuttle to BART….but soon an ID will be required.

  7. Posted by Craig

    Are their current offices within the Twitter tax zone on Mid-Market? If so, I imagine this means they are likely planning on having an IPO before moving their headquarters to Mission Bay in a couple of years. $$$

  8. Posted by Joseph A

    Its a no brainer to develop since it comes with an office space allocation of 432,000,

    The question which is based on height limits,,, how much ground level retail will be included in the design

  9. Posted by SFrentier

    Nice, nice, very nice.

    More tech on the 3rd st corridor = muy bueno for the Bayview.

    • Posted by Sensible urbanist

      Come on, there’s even a street sign you can Google. This is nowhere near the Bayview.

      • Posted by formidable doer of the nasty

        He didn’t say it was *IN* Bayview, he’s probably suggesting that this will lead to gentrification of Bayview since it will be convenient for all these employees to live just down 3rd St and the T-Ghetto line.

  10. Posted by Roseanne

    Just as I suspected.
    The California economy is in the gutter.

  11. Posted by VictorC

    I wonder if Uber will be around long enough to honor that 15-year lease…

    • Posted by san FronziScheme (formerly known as lol)

      All success stories started wit someone with a lead of faith. Maybe they’ll still be there, maybe not. Until that time, they’re moving ahead.

    • Posted by EBGuy

      Are you implying that paying $500 recruitment bonuses to Lyft drivers isn’t sustainable?

    • Posted by formidable doer of the nasty

      Uber is not a “rideshare” company, they’re a technology company. It’s even in the company name. What you’re lacking is not faith, it’s imagination. Uber is in the location-based logistics business. Think what their core technology can do for anyone in the shipping, trucking, transit, any moving-things-around industry. It’s not rocket surgery, it’s just software development. That’s obviously what they need all those offices for in SF. The people they’re hiring to respond to your 2-star driver reviews are not going to be here, they’ll be in Bangalore or Little Rock or some other place where you can hire people for dimes.

      And no, I’m not an Uber employee, but I am in the software industry and it’s not hard to see that Uber will be pretty successful over the next 15 years.

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