Chinese Money Pushes Lincoln Property Office Tower Forward

The long-awaited 350 Bush is set to debut in 2017, and when it does, it will be the first new office building built north of Market in almost two decades—and possibly the last in the crowded Financial District. Developer Lincoln Property Co weathered the economic downturn after acquiring the site in 2007. Last year it got the capital needed to push the project after Chinese company Gemdale Group picked it for its first investment, reports the San Francisco Business Times. Hathaway Dinwiddie started construction in December, and workers are now excavating the project’s underground parking. The 372k SF building doesn’t have any signed leases yet, but the developer is confident it will attract tech; Microsoft is right next door. Asking rents are more than $60/SF. [SFBT]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories

Office Recovery Moving Faster Than Expected, CoStar Finds

How Microsoft, Coca-Cola And Amazon Are Adapting Their Offices For AI Age

Hof Wonen Acquires 251 Social Rental Houses In New Mixed-Use Project In The Hague

Related, Oxford Land Tenant For Top Floors Of 70 Hudson Yards

BXP Execs See Better Returns In Building Offices Than Buying Them

Foundry Robotics Leaves San Francisco For New East Bay HQ

Capital Flooded Into Bay Area Apartments. Then Treasury Yields Spiked

Downtown Office Tower Sells At Foreclosure Auction For $260M

Houston's Office Woes Are Getting Too Expensive To Fix

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

As The Future Of The Office Continues To Evolve, WeWork Is Bringing Clients A Tailored Workplace Solution

The 'Zombie' Building Mirage: How Owners Who Can't Transact Are Stirring The Market