Oceanwide Center, when complete, will be adding 2 million square feet of residential and commercial space, including a 169-room Waldorf Astoria hotel. The Oceanwide Center will rise 910 feet above San Francisco in the taller tower, with a second tower rising 605 feet. Oceanwide will replace an existing building currently located at 50 1st Street, and it is almost adjacent to the Transbay terminal.
As announced by the developer, Oceanwide plans to anchor their foundation to bedrock, in what some are describing as the deepest foundation in San Francisco. The developer has also announced the hotel tenant will be a 169-room Waldorf Astoria on the first 21 floors of Tower I. There will be a half-acre reserved as open space to create an “urban living room.”
Number of Homes
About 110 in Tower 1 and 154 in Tower 2
Construction Schedule
Estimated completion 2021
Pricing
Yet to be determined
Parking
Valet 370 stalls in a no-post/suspended mechanical parking system
Amenities and Finishes
Unknown at this time. We’ll update this page as more details become available.
Below Market Rate (Inclusionary Housing) Homes
In negotiations with the Mayor’s Office of Housing, the developer has agreed that one-third of the homes in the residential portion will be affordable housing units. Additionally, as announced by late Mayor Ed Lee when ground broke on the project, the developer has agreed “to provide $140 million worth of housing immediately within a mile of [the] project site.”
Listing Agent
Polaris Pacific has been selected by the developer as their exclusive representative. We don’t represent developers in new construction but provide independent representation at new and modern homes throughout San Francisco.
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