The five-story building at 450 Mission sits across the street from the software giant's goliath Salesforce Tower, whose tenants include WeWork as well as others. Salesforce also owns another high-rise nearby. The company now either owns or leases about 2 million square feet of office space in this part of town.
The newly purchased building is zoned for a height of up to 550 feet, as the Chronicle reports, meaning Salesforce could build upon the site. A company spokesperson confirmed the transaction., the same day that San Francisco and other Bay Area counties entered a shelter-in-place order to contain the coronavirus disease, known as COVID-19.
Since the coronavirus pandemic has hit the US, the country's white-collar employees have begun adapting to remote work as millions remain in their homes to curb the spread of the illness. Office culture as we know it may look very different once society re-emerges from the lockdown. Some real estate experts say the flexible office industry — including co-working space company WeWork — could experience a boom as employers opt for less committal office leases over traditional, long-term ones, as
Source: News Formal (newsformal.com)
Plenty of time to renovate. Or just knock it down and build a new high rise because that price seems like just the land cost.
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