The company hoping to build a five-story structure at Pine and Kearny streets that would compliment rather than dwarf the neighboring St. Mary's Square Park. It also proposes a 19-story office tower at 350 Bush St., which incorporates the San Francisco Mining Exchange Building, a run-down, 77-year-old city landmark. The building would become a galleria of shops and restaurants that would double as the entry to the office tower.
The five-story structure would be located at 500 Pine St., across Kearny from the Shorenstein Co.-owned Bank of America Tower. Walter Shorenstein, father of current owner Douglas Shorenstein, proposed a 14-story highrise for 500 Pine St. in the late 1970s that would have cast a shadow on tiny St. Mary's Square Park, which with Portsmouth Square are Chinatown's only parks. The administration of then-Mayor Dianne Feinstein rejected that idea.
The second site, a block away, is co-owned by the Shorenstein Co. with the Swig Estate of Fairmont Hotel fame. A previously proposed 27-story tower there would have demolished the Greco-Roman styled Mining Exchange and also blocked sunlight from St. Mary's Square.
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