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Tishman Considers Conversion of Market Street Office Buildings

SAN FRANCISCO-With demand office space continuing to lag, Tishman Speyer Properties is considering turning the top half of 555 and 575 Market St. into high-rise residential units.

By Michelle Savage | Updated on April 26, 2002

SAN FRANCISCO-The owner of a Downtown office tower here is considering converting the top half of the 40-story building into residential units.

Tishman Speyer Properties purchased the tower at 555 and 575 Market St. in 1999 for $189 million. The property was originally built in 1975 as the Chevron Headquarters. Tishman says it might now convert the top part of the building to apartments or condominiums.

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