Another project is coming to the Arts District: an eight-story office building that would replace the current offices of Hyperloop One.
Tishman Speyer, the same firm that owns New York's Rockefeller Center, is planning to build the office building at 2159 Bay St. The company paid $24.5M for the property last year, Curbed reports.
Hyperloop One, now based at the site, is one of the startups focused on developing hyperloop technology that would shoot passenger vehicles through a tube at high speeds. With a hyperloop, the commute between L.A. and San Francisco theoretically could be slashed to 35 minutes.
Plans for 2159 Bay St. could include a 222,189 SF building with office, retail and restaurant space.
Nearby, Warner Music Group is planning to move into the renovated Ford Factory building in the same neighborhood.
